---
title: Recent Loan - Chicago, IL
description: New investors that were looking to take on their first fix and flip project. They had been under contract to acquire the subject property with the exit str
---

[RCN Capital Blog ](https://rcncapital.com/blog)

# [Recent Loan - Chicago, IL](https://rcncapital.com/blog/recent-loan-chicago-il)

 Written by [RCN Capital](https://rcncapital.com/blog/author/rcn-capital) | 4:00 AM on April 6, 2020

New investors that were looking to take on their first fix and flip project. They had been under contract to acquire the subject property with the exit strategy of a purchase and rehab. The initial purchase price for this property was $75K, with the ARV being brought up to $175K due to renovations. This subject property has the Return-On-Investment of 33%. LTV: 80%

[View full post](https://rcncapital.com/blog/recent-loan-chicago-il)

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