Recently Funded Fix & Flip Loan In Stonington, CT

Loan Scenario:

This project highlights a fix and flip loan for a single-family property in Stonington, Connecticut. The home was purchased for $365,000, supported by a renovation budget of $39,629.70. American Heritage Lending provided $373,684 in financing, resulting in a Loan-to-Cost (LTC) of 92.35% and a Loan-to-After Repair Value (LTARV) of 59.79%. Once the improvements are complete, the property is projected to reach an After Repair Value (ARV) of $625,000.

The borrower, an experienced investor implemented a renovation strategy focused on updating key interior and exterior features to increase the home’s value and appeal. The scope includes new drywall, updated flooring, and fresh countertops to elevate the interior aesthetic. Comprehensive painting is planned for both the home’s interior and the garage, covering all prep, materials, and labor. Exterior work includes landscaping such as mowing, trimming, and cleanup to create a clean, welcoming appearance. Additional updates include a bathroom upgrade, deck repairs, and a contingency allocation to support any adjustments needed during the project.

Stonington continues to experience steady demand for updated homes, making thoughtful renovations particularly effective in this coastal Connecticut market. With a strong spread between the project’s total cost basis and its projected ARV, this property is well-positioned for a timely and competitive resale.

This transaction is another example of how American Heritage Lending supports experienced investors, offering high-leverage financing that covers both acquisition and renovation costs allowing borrowers to execute value-add projects efficiently and confidently.