RCN Capital Blog

Recent Loan - Columbia, SC

Written by RCN Capital | Apr 2, 2020 4:00:00 AM
An experienced borrower that was looking to take on a fix and flip project in Columbia, SC. The Return-On-Investment for this subject property is 7.82%, but debt yield passes at 14.13%. With $15K in renovation costs and an LTV of 80%, the project's ARV is $145K.