Recently Funded Fix And Flip Loan In Santa Fe, New Mexico

Loan Scenario:

This fix-and-flip project features a detached single-family home located in Santa Fe, New Mexico. The investor secured a loan of $350,000 to finance both the $285,000 purchase and $65,000 in renovations, resulting in a 100% Loan-to-Cost (LTC) and a 70% Loan-to-After Repair Value (LTARV). The property is projected to reach an After Repair Value (ARV) of $500,000 following a full renovation.

The renovation plan includes both interior and exterior improvements. The scope of work features a new roof, drywall repairs, fresh paint, new flooring, and upgraded appliances throughout. Kitchen upgrades include new cabinets and countertops, while bathrooms are being refreshed with new fixtures and finishes. Additional updates include yard cleanup, electrical panel work, lighting upgrades, and landscaping enhancements.

Santa Fe’s housing market continues to show healthy demand. As of June 2025, the median home price sits at approximately $650,000—up 5% from last year—with nearly two-thirds of homes selling in under 30 days. Buyers are showing strong interest, especially in properties that are fully updated and move-in ready.

This renovation is well-timed to meet current demand and stand out in a competitive market. With a professional investor managing the full renovation, this project exemplifies the type of investing we support; backed by tailored financing solutions. By securing a loan aligned with the project’s timeline and scope, the borrower is empowered to deliver a quality home to an eager market.

This case highlights how American Heritage Lending enables investors to execute high-impact renovations and meet buyer expectations, even in premium markets like Santa Fe.