Recently Funded Fix And Flip Loan In Rockwall, Texas

Loan Scenario:

This fix-and-flip project features a detached single-family home located in Rockwell, Texas. The property was purchased for $203,000, with a comprehensive renovation budget of $183,975. The total loan amount secured for the project was $328,929, resulting in a Loan-to-Cost (LTC) ratio of 85% and a Loan-to-After Repair Value (LTARV) of 69%. The investor approached this project as a first-time borrower with no prior renovation experience, making this a well-structured opportunity to enter the real estate investment space.

The renovation plan focused on reviving and modernizing an older home to meet today’s market standards. The project included a full kitchen remodel, conversion and remodeling of three bathrooms, updated flooring, and remodeling of bedrooms. Additional upgrades covered extensive carpentry work—siding, trim, baseboards, and interior and exterior doors—along with fresh interior and exterior paint.

Structural improvements included foundation repairs and a new roof installation. The scope also included site clean-up, trash removal, permits, and contingency funding to ensure smooth project execution.

Rockwell, a growing suburb of the Dallas-Fort Worth metroplex, continues to attract strong buyer interest due to its combination of small-town charm and proximity to major employment hubs. With steady demand and limited inventory in the area, homes that are updated and move-in ready remain competitive in the local market.

This project aims to maximize returns while demonstrating how financing solutions from American Heritage Lending can support new investors in executing full-scale renovations, even in highly active suburban markets.