An experience investor came to RCN looking to utilize the Long-Term Rental Program that is offered for a subject property in Florissant, Missouri. They were looking to purchase the subject property with an exit strategy of holding it as a long-term rental. The subject has been appraised for $105k with an LTV of 80%.
Highly experienced investors looking to purchase a subject property in Aston, Pennsylvania came to RCN Capital looking to utilize the 12M Fix & Flip Program. The subject has been appraised for $185K As-Is with an ARV of $280K. The exit strategy for this project is to sell upon completion of renovations.
An experienced (10+) borrower and investor looking to use the Fix & Flip Program that RCN Capital offers for a subject property in Raleigh, North Carolina. They are seeking to purchase and rehab the subject property. The subject is being purchased for $149K with an appraised value of $170K. Following the rehab of $30K, the …
An experienced investor came to RCN Capital looking to utilize the Fix & Flip Program for a subject property in Commack, New York. They are looking to purchase it for $488k and will be adding $50k in renovations before the flip. The project is an SFR appraised for $500k As-Is with an ARV of $610k. …
A repeat client of RCN’s is now looking to refinance another investment property in Fayetteville, North Carolina. This individual has already closed two loans with us, and is looking to utilize RCN’s Long-Term Rental Program for this project. This subject property is a single-family ranch that is currently in good condition and leased slightly above …
Look At This Property in Fayetteville, North Carolina! Read More »
In March, the U.S. Census Bureau Housing Vacancies and Homeownership report revealed that the homeownership rate for 25 to 34-year-olds has increased from 36.5% in Q4 of 2018 to 37.6% in Q4 of 2019 (CoreLogic). This age group, also recognized as Millennials, are actively changing the housing market as a whole and has quickly become …
How Are Millennials Shaping the Real Estate Market? Read More »
It is with great excitement that we unveil RCN Capital’s new logo! Our original logo was designed back in 2013 and it has served the company well over the years. However, we felt it was time for an update to better capture where RCN Capital is now, and more importantly, where the company is going …
A repeat borrower and experienced investor is looking to refinance existing debt on a subject property and cash-out to fund other investments located in Mesquite, Texas. The project is a Single-Family Residential (SFR) rental that is currently leased for $1,975 per month, which falls in line with the appraiser’s estimate of market rent. Overall, the …
Check Out This Long-Term Rental In Mesquite, Texas! Read More »
An experienced borrower and realtor who lives and rehabs in her local market of Atlanta, GA is looking to purchase a Single-Family Residential (SFR). The borrower is under contract to purchase this Single-Family Residential (SFR) equal to the As-Is Value for $130,000. After adding $110,000 in renovations, the property will have an After-Repair Value (ARV) …
An experienced borrower was looking to purchase and rehab a Single-Family Residential (SFR) subject property in Rockmart, Georgia. RCN Capital has been able to assist this borrower by proving a 12-Month Fix & Flip Loan. This property is being purchased just $3,000 above the As-Is Value and will receive just under $50,000 for renovations. The …
Look At This SFR Completed in Rockmart, Georgia! Read More »
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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
