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.
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