Montgomery, AL
List Price $6,839,1000 Portfolio Type 100188 | SFR | 140 Homes John Morttram, CCIM Managing Director SVN | JJMottram 1712 Platt Place Montgomery, AL 36117 john.mottram@svn.com License #000051657-0
Single-Family Residential
First time borrower with excellent credit is looking to complete a first fix and flip project. The borrower is anticipating spending $47k on renovations before listing the home for sale. RCN was able to provide a loan at 65% of the After-Repair-Value and once the project is complete the investor is anticipating a 14% return on investment.
Multi-Unit Residential
Experienced borrowers and investors looking to acquire a loan for the purchase of this Triplex to hold as a rental unit. RCN Capital was able to provide a loan at 80% LTV and the investor is planning on spending $15k on renovations with out of pocket cash. Once the project is complete the investors are going to refinance the property and hold as rental units.
Multi-Family Residential
Repeat borrower was looking to acquire the property as a fix and flip investment. The borrower is an experienced contractor who has completed successful flips in the past and is working with a partner to complete this project. RCN was able to provide a loan at 64% of the After-Repair-Value and the borrowers are anticipating a 26% return on investment.
Single-Family Residential
Borrower has extensive fix and flip experience and has completed previous funded projects with RCN Capital. The borrower plans to spend $60k on renovations before listing the home for sale. Once the work is compete the borrower is anticipating a 12% return on investment.
Single-Family Residential
Experienced investor who currently owns two other investment properties and has completed other successful flips in the past couple years. Borrower plans to sell to an interested buyer once renovations have been completed and has an alternative exit plan as well with subdividing the land. The borrower plans to spend about $70k on renovations. RCN Capital was able to provide a 12 month term loan at 54% of the After-Repair-Value of the home.
Single-Family Residential
New investor looking to complete this fix and flip project using our ARV Loan Program. RCN Capital was able to provide a loan at 57% of the After-Repair-Value. The borrower plans to spend about $32k on renovations before listing the home for sale. Once the work is compete the borrower is anticipating a 44% return on investment.
Single-Family Residential
Repeat borrower and experienced investor purchased this property in July and completed renovations. The purpose of this loan is to take cash-out of the property to cover the down-payment of another fix and flip property. The term of this loan is 12 months and RCN Capital was able to provide a loan at 63% LTV.
Multi-Family Residential
This is a repeat borrower and experienced investor who is under contract to acquire subject property from individual sellers. Borrower plans to finish the attic space in the duplex and complete renovations before listing the property on the market.
Single-Family Residential
Experienced investor who owns multiple properties in the area and successfully renovated them. This is a cash-out refinance to replenish initial investment and cover rehab costs for the investor. The borrower has good credit and income and great experience renovating properties. RCN Capital was able to provide a loan at 63% of the After-Repair-Value. Once the work is compete the borrower is anticipating a 33% return on investment.
