Case Study: Fix and Flip Loan in Branford, CT
Ridge Street Capital financed a $595K ARV flip in Branford, CT at 90% LTC with full rehab holdback. Two newer investors, $52K to close, 14 days.
nmin readReleased on:August 27, 2026Last updated on:August 27, 2026
About the Deal
Two newer investors acquired a single-family residence in Branford, Connecticut, a coastal town on Long Island Sound east of New Haven.
The deal included a $382,000 purchase price, a $100,000 full renovation budget, and a projected ARV of $595,000. The main challenge was capital access. Without a lender willing to finance 90% of the purchase and 100% of the rehab budget, the borrowers would have needed more upfront cash than they had available.
Ridge Street Capital structured a fix-and-flip loan covering 90% of the acquisition cost, with the full $100,000 renovation budget held as a funded rehab holdback. That brought the borrowers’ cash to close to $52,024. The loan was financed through Ridge Street’s Connecticut hard money loan program and closed in 14 days.
What Made It Special
The loan covered 90% of the purchase and 100% of the rehab budget. Ridge Street Capital advanced $343,800 at closing, equal to 90% of the $382,000 purchase price. The full $100,000 renovation budget was held as a funded holdback and released through draws as work was completed and verified. The borrowers did not need to front the renovation capital out of pocket. Total cash to close was $52,024.
The borrowers were newer investors, but the deal had strong fundamentals. One borrower had completed three prior deals, and the other had completed one. Ridge Street Capital underwrote the file based on the project’s numbers: a $382,000 acquisition, a $595,000 ARV, a 74.6% loan-to-ARV at full funding, and a defined renovation scope. The first-time investor program is built for borrowers who have a strong deal and clear plan, even without a long institutional track record.
The renovation scope was fully funded. The $100,000 rehab budget covered hardwood and vinyl flooring, two full bathroom renovations, a new mini-split HVAC system, a full kitchen renovation, exterior work, and finish details. The draw structure tied each disbursement to completed work, helping manage execution risk while keeping the project funded on a defined timeline.
The Result
Ridge Street Capital helped two growing investors enter a $595,000 ARV project in coastal Connecticut with $52,024 in cash to close and full renovation funding built into the loan.
- Loan amount: $443,800, including purchase advance and rehab holdback
- Rate: 10.00%
- Loan term: 12 months
- Loan-to-ARV: 74.6%
- Cash to close: $52,024
- Closed: 14 days
More About Ridge Street Capital
Ridge Street Capital provides fix-and-flip loans, DSCR rental loans, and ground-up construction financing to real estate investors across 36 states. Every deal is reviewed by a team focused exclusively on investment properties, so the underwriting questions are tied to what makes the project work.
Zach Cohen is the Managing Partner of Ridge Street Capital, a direct private lender providing hard money and DSCR loans to real estate investors across 35 states. Under his leadership, the firm has funded nearly $100 million in investment property loans. He regularly works with real estate investors on rental property acquisitions, refinances, and fix-and-flip projects across the country.
Fix and Flip Loans
Funding For Purchase + Rehab
- $50,000 up to $3,000,000
- Interest Rate 10.5%-11.5%
- Origination Fee From 1.5%
- Up to 90% of Purchase and 100% of Rehab
DSCR Loans For Long Term Rentals
Perfect for first-time investors or experienced investors scaling their rental portfolio.
- Up to $2,000,000
- Interest Rates from 6.0%
- Origination Fee From 0%
- Up to 80% of LTV
DSCR Loans For Short Term Rentals
Designed for investors pursuing higher rents with a short term rental strategy.
- Up to $2,000,000
- Interest Rates from 6.25%
- Origination Fee From 0%
- Up to 80% LTV
Ready to Get Started?
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