Recently Funded Fix & Flip Loan In Mechanicsville, VA

Loan Scenario:

This fix and flip loan supports a single-family property located in Mechanicsville, Virginia. The borrower, a professional real estate investor, purchased the home for $240,000 with a renovation budget of $13,322. American Heritage Lending provided $227,990 in financing, structured as a True Zero Point Loan, resulting in a Loan-to-Cost (LTC) of 90% and a Loan-to-After Repair Value (LTARV) of 69.09%. Upon completion, the property is expected to reach an After Repair Value (ARV) of $330,000.

The renovation scope reflects a targeted, cost-efficient approach focused on refreshing key areas of the home without a full-scale overhaul. Interior work includes drywall repairs and installation of new light fixtures throughout. Flooring upgrades feature new LVT on the first floor and new carpet on the second floor.

The kitchen will receive repainted cabinets to update its appearance, and plumbing upgrades will be completed as needed. Exterior improvements include porch repairs and painting of the back porch to complete the property.

Mechanicsville, located in Hanover County just north of Richmond, continues to attract buyers seeking updated homes in a suburban setting with convenient access to metro employment centers. Properties with modern finishes and move-in-ready condition remain in demand, supporting this investor’s strategy of delivering a refreshed product to the market.

This transaction illustrates how American Heritage Lending supports professional investors through high-leverage financing and zero-point loan structures. By minimizing upfront costs, the borrower can allocate capital efficiently across their portfolio while executing a focused renovation plan.