Recently Funded Fix & Flip Loan in Buffalo, NY

Loan Scenario:

This project highlights a fix and flip loan for a single-family property in Buffalo, New York. The home was purchased for $280,000, with a renovation budget of $45,700. American Heritage Lending provided $293,130 in financing, resulting in a Loan-to-Cost (LTC) of 90% and a Loan-to-After Repair Value (LTARV) of 65.14%. Upon completion, the property is expected to reach an After Repair Value (ARV) of $450,000. The financing was structured as a True Zero Point Loan, giving the investor a cost-effective solution while maximizing leverage.

The investor, with prior experience in real estate, took on a renovation plan that combined both structural and cosmetic improvements. Work included obtaining permits, rough electrical and HVAC, exterior siding, stucco, and masonry repairs.

Interior work featured drywall, mud, and texture, followed by demolition, cleanup, and full interior painting. The property also received new electrical fixtures, landscaping, updated gutters, and fence repairs. Together, these updates improved both the functionality and curb appeal of the property.

Buffalo’s housing market remains an attractive opportunity for investors, with steady demand for well-updated properties at approachable price points. By addressing both foundational needs and aesthetic upgrades, this project is positioned to capture strong buyer interest upon resale.

This transaction is another example of how American Heritage Lending provides experienced investors with flexible financing options; including True Zero Point Loans, that make it possible to take on comprehensive projects while keeping lending costs low and equity potential high.