Borrower is an experienced investor under contract to acquire the subject property for $130k with intentions of spending $120k on renovations before listing the property for resale. Subject is an SFR and appraised for $95k As-Is and ARV of $300k. Sponsor has a mid-score of 749 and bank statements reflect sufficient liquidity. Total loan amount 66.13% of ARV.
.png?width=234&height=80&name=logo-white-1%20(2).png "RCN Capital"){kind=logo}
