RCN Capital Blog

Take A Look At This Property in St. Louis, MO!

Written by RCN Capital | 5:00 AM on March 11, 2022

Repeat borrower cash out refinancing a 2-family unit in St Louis, MO which has an outstanding debt of about $86K. Property is appraised for $135K as-is (CDA confirmed). Two sponsors on the loan with mixed credit score and sufficient liquidity to close this deal. Loan is structured at 75% LTV.