New investors that were looking to take on their first fix and flip project. They had been under contract to acquire the subject property with the exit strategy of a purchase and rehab. The initial purchase price for this property was $75K, with the ARV being brought up to $175K due to renovations. This subject …
A new client under contract to purchase the subject property for a fix and flip. The property has been appraised for $8K above the As-Is Value and $80K in renovations had been scheduled. After all the working being done, the After Repair Value of this property is set for $280K with a Return-On-Investment of 29%. …
An experienced borrower that was looking to take on a fix and flip project in Columbia, SC. The Return-On-Investment for this subject property is 7.82%, but debt yield passes at 14.13%. With $15K in renovation costs and an LTV of 80%, the project’s ARV is $145K.
An experienced borrower that was looking to purchase the subject property and hold it for long-term in Phoenix, AZ. The property is a single-family residential home that the borrower recently acquired for $203K. The home is currently leased and the monthly rent is set $1,450, which is the same as the appraisers monthly market estimate. …
The borrower was looking to do a cash out on a rental property with long-term financing. The subject property is located right out of the Dallas/Fort Worth, meaning that it is in a desirable area. The original purchase price for the home was $75K. However with renovations and an LTV of 75%, the ARV is …
An experienced borrower and investor that was looking to refinance existing debt on the subject property. This project is single-family residential rental that they have owned for several years. The home has been appraised as is for $685K with the total loan amount at 70% LTV. As of right now, there is a tenant in …
Experienced investor was looking for a cash out on this subject property purchased in July 2019. The As-Is Value of the home was listed at $105K with the market rent set at $1,095/Month. RCN Capital was able to provide a loan amount of $57,750 for this project.
New investor and borrower that was looking to purchase this subject property for $325K. This is a 3-family home that has had one unit rented out at $925/Month, with the other two units being vacant. Per the appraiser, the market rent would be $2,825/Month for all three units. We were able to provide a loan …
A new borrower and investor brought a property to the table . They took on a fix and flip project with the intention to purchase the property with a slight discount incorporated. The As-Is Value for the property was $156K with an After-Repair Value of $182K. The loan amount for the project was $115,720 with …
An experienced borrower (20+ total verified), who was looking to do a Cash Out on the subject property and continue to hold it as an investment property. This single-family property was originally purchased for $102K. The subject property is currently leased for $1,450/Month, which is in line with the market rent. Loan Amount: $133,332
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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
