Recently Funded Fix & Flip Loan In Rockford, IL​

Loan Scenario:

This project showcases a fix and flip loan for a single-family property in Rockford, Illinois. The home was purchased for $201,000, with a renovation budget of $24,000. American Heritage Lending provided $182,000 in financing, resulting in a Loan-to-Cost (LTC) of 80.89% and a Loan-to-After Repair Value (LTARV) of 70.00%. Upon completion, the property is expected to reach an After Repair Value (ARV) of $260,000.

The investor, who has prior experience in real estate, focused on a renovation plan that balanced cost-efficiency with meaningful upgrades. The scope included demolition, electrical updates, full interior painting, and replacing flooring throughout the home. Additional improvements included installing new kitchen cabinets, updated bathroom fixtures and vanities, hardware upgrades, and thorough cleaning before market re-entry.

Rockford’s housing market offers solid opportunities for investors seeking affordable properties with strong upside potential. Targeted renovations in this market can quickly boost both value and appeal, whether the exit strategy is resale or refinance. In this case, the investor plans to refinance, leveraging the improved value and cash flow to support long-term portfolio growth.

This transaction is a great example of how American Heritage Lending helps experienced investors access flexible financing that covers both acquisition and renovations—making it possible to execute well-planned projects that align with long-term investment goals