Experienced client under contract to purchase and rent the subject property for $475k to hold it as long-term rental income. The property is a duplex in average condition and is appraised for $500k as-is and appraiser’s estimate of market rent is $3,800/Month. Borrower has good credit with middle score of 718 and bank statements reflect …
Borrower is a repeat and experienced investor under contract to acquire the subject property for $190K with intentions of spending $25K on renovations before listing the property for resale. Subject is an SFR located in East Hartford, CT. Sponsor has average credit with mid-score of 690 and bank statements reflect sufficient assets to close this …
Borrower under contract to purchase the subject property in San Benito, TX for $259.9k to hold it into a long term rental income. Subject is an SFR which is currently vacant. Subject appraised for $260k As-Is and a CDA confirmed the value was acceptable. Sponsor on the loan with Excellent credit with a mid-score of …
Will you be in the Newport Beach area next week? Join RCN Capital at the 2022 California Association of Mortgage Professionals Annual Convention & Gala! This year’s event will be held Hyatt Regency Newport Beach from July 11th through the 13th. This event will offer education, networking, engaging speakers, a robust expo hall, & of …
We’re Headed to Newport Beach for the 2022 Camp Annual Convention! Read More »
Home flipping continues to be one of the most popular way for investors to find success in the real estate space. When done right, flipping properties can provide great returns, and their simple nature means they are easy to get into even for beginner investors. Not every home makes a great flip, however, and sometimes …
Spending some time in New Orleans next week? Come find RCN Capital at the Ultimate Mortgage Expo! This event is taking place at the Hotel Monteleone on July 6th and 7th. The mortgage industry is going through a significant change. For mortgage origination professionals, it’s a struggle to keep on top of all the changes, …
Join Us for the Ultimate Mortgage Expo in New Orleans! Read More »
Multifamily properties are an excellent investment for a great variety reasons. They give investors the ability to expand their real estate portfolio very quickly by adding multiple, cash-flowing properties at the same time. They even provide tax benefits for their owners in the form of write-offs and depreciation. However, investing in these properties can also …
What You Need to Know About Owning Multifamily Real Estate Read More »
It’s meet the team Monday! Say hello Sam Duda. Sam has been a Loan Officer here at RCN Capital since July of 2020 in our Charlotte, NC office! Sam works with real estate investors to help meet their financing needs. Through detailed loan review and understanding his clients, he is able to secure the most …
With housing demand reaching record levels, new construction can be a great pathway for those looking to acquire real estate property. For investors, these homes offer the chance to make great returns, since they are often worth more than the cost of labor and materials used to build them. If you have never dealt with …
5 Tips for a Successful New Construction Project Read More »
RCN Capital is proud to announce that we are sponsoring REI Ink’s newest podcast, Uncontested Investing. This weekly podcast, hosted by RCN Capital’s Executive Director, Tim Herriage, will be the new place to go for candid conversations and investing advice from the best in the biz. Tune in on Tuesday, June 21st for the first …
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This is not an offer to lend. All offers of credit are subject to due diligence, underwriting and approval. Not all borrowers will qualify and not all borrowers that qualify will receive the lowest rate or best terms. Actual rates and terms depend on a variety of factors and are subject to change without notice.
