Borrower is an experienced real estate investor with 3+ verified projects completed and was looking for the funds to purchase and renovate this property in Phenix City, Alabama. RCN was able to provide a loan at 57% of the After-Repair Value and the investor is planning on spending $9k on renovations before listing the house for sale. Once the project is complete the investor is anticipating a 30% return-on-investment. Total loan amount: $80,325.
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