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An experienced investor came to RCN Capital looking to utilize the Fix & Flip Program for a subject property in Commack, New York. They are looking to purchase it for $488k and will be adding $50k in renovations before the flip. The project is an SFR appraised for $500k As-Is with an ARV of $610k. The Loan to Value (LTV) for this project is 80%.
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