Recently Funded Fix & Flip Loan In Sherrills Ford, NC

Loan Scenario:

This fix and flip project centers on a single-family property located in Sherrills Ford, North Carolina. The investor acquired the home for $770,000 and planned a focused renovation budget of $74,861, bringing the total project cost to a level that supported a strong resale strategy. American Heritage Lending provided $769,000 in financing, resulting in a Loan-to-Cost (LTC) of 91.02% and a Loan-to-After Repair Value (LTARV) of 69.91%. Once renovations are completed, the property is expected to reach an After Repair Value (ARV) of $1,100,000.

Although the investor has limited prior experience, the scope of work is clearly defined and execution driven. Planned improvements include updating the kitchen and bathrooms, installing new flooring throughout the home, and replacing doors and windows to improve both functionality and presentation. These updates are designed to modernize the property while aligning with buyer expectations in the local market.

Sherrills Ford continues to attract demand from buyers seeking updated homes in a desirable lakeside community, where move-in-ready properties tend to perform well. With a balanced renovation plan and a clear exit strategy, this project reflects a practical approach to repositioning a property for resale.

This transaction highlights how American Heritage Lending supports fix and flip investors at different stages of experience, providing financing that aligns with both the project scope and the investor’s execution plan.