.png?width=234&height=80&name=logo-white-1%20(2).png "RCN Capital"){kind=logo}
Borrower looking to take on a fix and flip project with a 12-month purchase and rehabilitation loan for a property located in Dearborn, MI. Property was appraised for $145,000 as-is with the ARV projected to be $194,000, for a total return on investment (ROI) of 15.92%. Sponsor on the loan has good credit and sufficient liquidity to meet the reserve requirement. Loan is structured at 85.57% LTV and 87.93% LTC.