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 »
As Women’s History month comes to a close, there’s no better time than now to look back over the years and see how far women have come in this industry. The real estate industry would not be the same without the many strong and fearless women we all know and work alongside. But like many …
Women in the Spotlight- Celebrating Women’s History Month Read More »
New client refinancing debt on investment property. With ownership of property since October 2020, there is an outstanding balance of $98K. RCN was able to provide a loan amount that is 75% of the As-Is Value. Borrower has excellent credit of 770.
This repeat borrower is an experienced investor adding this duplex for $320k to their existing rental portfolio. This newly constructed duplex is appraised for $325 As-Is. With the borrower already having 1 of the 2 units pre-leased for $1,400 per month and an additional $1,400 per month is estimated on the vacant unit. Sponsor has …
Check Out This Property in Balch Springs, Texas! Read More »
Amy Bohutinsky is a name you may recognize. Her resume is impressive with years of leadership experience. Her career speaks for itself, but the work ethic she exhibits behind the scenes is what drives her to success. Amy graduated from Washington & Lee University with degrees in journalism and mass communications. After graduation, she …
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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
