Case studies · Fix & Flip
Cleveland duplex — 9-month flip returned 11% to investors
Experienced operator acquired a Cleveland duplex for $180K with a $60K rehab budget. AVCG funded purchase + rehab in one first-lien loan at 65% of ARV. Rehab completed in 6 months, listing to close in another 3. Investors earned 11% annualized, paid monthly throughout.
Deal summary
At a glance
- Loan amount
- $221,000
- ARV
- $340,000
- LTV
- 65%
- Term
- 12 months
- Capital source
- Pool of 3 investors, $500K – $750K tiers
- Yield to investors
- 11% annualized, paid monthly
- Outcome
- Paid off on time
Timeline
Deal timeline
- M1Term sheet signed, close within 10 days
- M1First draw funds initial demo + framing
- M3Rehab 50% complete, second draw released
- M6Rehab complete, listed at $349,900
- M9Sold at $342,000, loan paid off in full
Lessons learned