Westerville Single-Family Fix & Flip
An investor bought this Westerville home with cash, then refinanced out with DayOne: $260,000 back in hand, with the full loan at 58% of the $450K after-repair value.
Who came to us
An Ohio investor found a 4-bed, 3-bath single-family home in Westerville, one of the most sought-after suburbs northeast of Columbus, and bought it for $308,000 in cash. Buying with cash kept the purchase simple, but it tied up $308,000 that could have been funding the renovation and the next deal.
How we structured it
DayOne refinanced the property with a $260,000 short-term bridge loan, underwritten on the house and the investor's exit rather than personal income documentation. That put most of the purchase price back in the investor's hands to fund the roughly $60,000 renovation. Against a $450,000 after-repair value, the full loan sits at about 58% of what the house will be worth when it's finished.
How it ended
The renovation is underway now, with a sale exit once the work is done. With $260,000 in debt against a $450,000 after-repair value, the deal carries a wide equity cushion. We'll update this page with the final numbers once the property sells.
Other deals we've funded
Got a deal in Ohio?
Same-day review. Decision within 24 hours. You’ll hear directly from one of us, not a remote underwriter.
Submit Your Deal