Like many real estate investors, you may be considering getting into the business of New Construction. These properties can have a great return-on-investment (ROI) which is why many people are attracted to them. However, if you don’t know what you’re doing you could easily make mistakes that will cut into your returns. Even if you’re …
How to Maximize the Profit of Your New Construction Investment Read More »
Real estate investors love adding multifamily homes to their portfolios because of the many benefits a multi-unit property provides. These properties are easy to finance, easier to manage than multiple single-family homes, and provide a large amount of cash flow. They’re also a great way to build your real estate portfolio very quickly. Say you’re …
Borrower acquiring a loan for a 12 month fix and flip purchase. Property is located in Flossmoor, IL. RCN Capital was able to provide a loan at 70% LTV and the investor is planning on spending $40k on renovations. Once the project is complete the investor is anticipating a substantial Return-On-Investment.
Borrowers are highly experienced investors (20+ Verified) under contract to acquire the subject property for $42.5k. BPO was ordered and valued the property at $64.5k As-Is, a solid premium to purchase price, and ARV of $153k evidences a very strong ROI for borrower of nearly 80%. Guarantor has good credit and bank statements reflect sufficient …
Borrowers are experienced investors looking to refinance existing debt and pull cash-out of the subject property, an SFR rental they have owned for several years. Subject appraised for $360k As-Is and a CDA confirmed the value was acceptable, returning a slightly higher value of $370k. Three sponsors on the loan each with excellent credit and …
Will you be in the Austin area next week? Then you should come join us at the Austin leg of the Texas Mortgage Roundup! This one day conference will be held at the Austin Marriott South on February 8th. The Texas Mortgage Roundup is one of the most premier events in the real estate space. …
Catch Us in Austin for the Texas Mortgage Roundup! Read More »
The last two years have brought significant changes to the real estate market, including a large jump in home prices and a refinance boom due to low interest rates. As the market and world as a whole recover from the pandemic frenzy, we can expect to see some changes to the markets in the coming …
What You Can Expect for Real Estate Markets in the Coming Year Read More »
There are plenty of reasons to consider building a new home instead of buying existing real estate. Not only is the property more customizable, but you can end up with a valuable property that far exceeds the amount it cost to build it. Plus, the home will be brand new! Meaning you won’t be dealing …
What to Know Before Applying for a Construction Loan Read More »
Every once in a while, we like to highlight a member of RCN Capital’s team so you can get to know us better. This week, we would like to introduce you to one of RCN’s lead development specialists, Eric Casey. Tell me a fun fact about yourself, or your favorite mantra Creative thinking, creative solutions. …
Short-term rental real estate has seen explosive growth in the past decade, and it’s no surprise considering how profitable of a venture it can be. If it’s done right, these properties can generate significantly more revenue than your average rental property. The key here though is “if it’s done right”; you won’t be turning a …
The Different Types of Short-Term Rental Property Read More »
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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.
