Borrower is looking to purchase this duplex as a fix and flip investment. Borrower has great credit, strong income and sufficient capital to make this property a successful flip. RCN Capital was able to provide for 65% of the After Repair Value. The anticipated cost of the renovations will be around $21k, and the borrower is expecting a 15% return on investment for this project.
Borrower is an experienced investor looking to acquiring this bank owned property. RCN Capital was able to provide a loan for the purchase of the property and the borrower is going to provide the funds for the renovations. The anticipated cost of the renovations will be around $50k, and the borrower is expecting a 24% return on investment for this project.
Borrowers under contract to acquire subject property for less than appraised as-is value and will completely renovate the property before listing for resale. The anticipated renovation costs is around $109k and RCN Capital was able to provide a loan at 65% of the After-Repair-Value. Once the repairs are completed the borrower plans to list the property for sale and is anticipating a 19% return on investment.
The borrower is an experienced investor who holds two other rental properties in the area. This property is also currently held as a rental unit as well. The borrower is looking to take cash out of this property to put towards the purchase of another investment property. The borrower has good income, excellent experience and average credit. The borrower also plans to refinance through a stated program. The term for this loan is 12 months.
Borrower was under contract to acquire this single-family property out of a foreclosure. Plans on spending about $52k on renovations before relisting the home for sale. The borrower was looking to cross-collateralize with a rental property they have owned for 8 years in the same town. The anticipated return on investment for this borrower is 24%.
Repeat borrower and experienced investor acquiring subject property through short sale. The borrower plans to spend about $40k on renovations and RCN was able to provide a loan at 65% of the after-repair value. After everything is complete with the home, the investor plans to list the house for sale and anticipates a 25% return on investment
Borrower is looking for a loan to refinance the property. The home has already been renovated and is on the market. The investor is looking to invest in a large commercial deal and needs additional funds for the down payment. Borrower is an experienced investor and has been working on larger commercial investment properties.
The borrower is purchasing this Ranch style property as a fix and flip investment. The borrower plans to complete renovations before re-listing the home. The cost for the renovations is anticipated to be around $39K and the borrower is going to pay out of pocket for the rehab. The purpose of the loan is for the acquisition of the property.