Dianna Tedford

Look at This Refinance in Clarksville, Tennessee!

An experienced borrower was looking to utilize the 30 Year Long-Term Rental (LTR) program to refinance a ranch style¬†Single-Family Residential (SFR) project in Clarksville, Tennessee. The borrower initially purchased the project for $30k in December 2019. This property has been appraised for $150k As-Is. As a result, RCN Capital was able to provide the $56k …

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Look at this Long Term Rental in Portsmouth!

An experienced borrower came to RCN Capital looking to refinance a subject property from Portsmouth, Virginia into the Long Term Rental Program. This Single-Family Residential (SFR) was acquired for $65,000 in January 2020. This subject has received about $41,000 for renovations. It is now leased and generating a monthly rent of $1,200/month!

Recent Loan – Columbia, SC

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.

Chat with the RCN Capital Sales Team!