RCN Capital Blog

Single Family Residential - Perkasie, PA

Written by RCN Capital | Mar 18, 2020 4:00:00 AM
New investor and borrower that was looking to purchase this subject property for $325K. This is a 3-family home that has had one unit rented out at $925/Month, with the other two units being vacant. Per the appraiser, the market rent would be $2,825/Month for all three units. We were able to provide a loan amount of $260,000 at 80% LTV.