Single-Family Residential - New Orleans, LA

Borrower is an experienced flipper with three verified flips under his belt. The borrower is looking for a loan to purchase and renovate this property in New Orleans, Louisiana. RCN was able to provide a loan at 85% LTV and the investor is planning on spending $31k on renovations. Once the project is complete the investor is anticipating a 19% Return-On-Investment.   Total loan amount: $173,200.