RCN Capital Blog

Don’t Miss This Multifamily Purchase in Pawtucket, RI!

Written by RCN Capital | Dec 6, 2021 5:00:00 AM

Borrowers are under contract to acquire the subject property for $600k with intentions of holding it long-term as an income property. Subject is a 6-unit multi-family. Both sponsors on the loan held excellent credit and bank statements that reflected just under $1,100k in liquidity. The loan was structured and priced in accordance with the qualification model making this a strong deal.