Did you hear members of the RCN Team will be traveling to Las Vegas again? We are excited to be exhibiting at Originator Connect on Saturday, August 21st. Come join us at the heart of the Las Vegas strip! This event provides numerous networking opportunities, as well as educational programs in place. The RCN team …
Viva Las Vegas! The RCN Team will be traveling to Las Vegas, NV for Geraci Media’s 5th Annual Captivate Conference! Will we see you there in this vibrant city on August 18-20? The Captivate Conference is surely one you won’t want to miss. What better setting than the beautiful Cosmopolitan of Las Vegas to network, …
Will you be in San Diego, CA on August 11th– 12th? So will we! The RCN team will be traveling to San Diego for the California Mortgage Expo. We are excited to be exhibiting at such an opportunity filled event! The California Mortgage Expo includes some of the best top industry professionals in real estate. …
Repeat borrower looking to refinance debt on 6 properties and put a cash-out to fund other investments. Collateral generates a combined total of $19,200 per month in rents. Properties appraised for a combined $2,276k As-Is. Sponsor on the loan has good credit of 730 with bank statements upwards of $152k in assets/liquidity. Total loan amount …
The RCN team will be traveling to Uncasville, Connecticut for the New England Mortgage Expo. Our team is ready to be back at Mohegan Sun and say hello to new and familiar faces on June 10th-11th! The New England Mortgage Expo brings together many teams in the industry for an immeasurable educational experience. There will …
Repeat borrower with over 10 flips is looking to take on property as a delayed purchase. Subject was acquired for $140K with intention of spending just over $15K on rehab, later refinancing it into long term. Subject is appraised for $163K As-Is and ARV of $180K with ROI of 12.73%. Total loan amount is 75% …
New client looking to refinance the subject into the LTR program. The client has owned the property since October 2020 with an outstanding mortgage balance under $129K. The property is currently leased equal to the market rent. RCN was able to provide a loan amount that is 80% of the As-Is Value.
Repeat borrower taking on another fix & flip project. The property was acquired for $159,900 with the intention of spending $23,370 on rehab before listing for resale. Borrower has great credit of 765. RCN was able to provide a loan at 81% of the As-Is Value.
Repeat investor looking to purchase this property as a long-term rental. Property was recently remodeled and has a market rent of $1400/ month, although property is vacant therefore there is no actual rent. Borrower has liquidity over $305,000 and good credit score of 753. Deal has 1.1000 DSCR.
Will you be in Miami, FL on April 18th– 20th? Catch us there! The RCN team will be traveling to Miami for the Pitbull Hard Money Conference. We are excited to be on the road again and exhibiting at such an opportunity filled event! The Pitbull Hard Money Conference brings together real estate industry professionals …
RCN Capital Attending 52nd National Private Lending Pitbull Conference Read More »
© RCN CAPITAL 2021
RCN Capital, LLC is licensed as a California Finance Lender under Department of Business Oversight license number 60DBO-46258. Arizona Mortgage Banker License BK-0932325. Oregon Mortgage Lending License: ML-5571. NMLS Company ID: 1045656
