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 exit strategy is to put the property on the market to sell at an After-Repair Value (ARV) of $205K.
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