RCN Capital Blog

Multi-Unit Residential

Written by RCN Capital | May 30, 2019 4:00:00 AM
Repeat borrower and experienced investor with 3+ verified real estate investment properties completed was looking for the funds to purchase and renovate this 4-unit complex. RCN Capital was able to provide a loan at 75% of the After-Repair Value and the investor is planning on spending $97k on renovations. Once the project is complete the investor’s exit strategy is to refinance the property to hold as rental units.