RCN Capital Blog

Take A Look At This Property in Weaver, AL!

Written by RCN Capital | Jan 3, 2022 5:00:00 AM

Borrower is a repeat client under contract to purchase another property in AL. The subject appraised just above the purchase price and is in new condition. The borrower held no issues with previous loans and had good cash flow. The loan amount is 70% of the purchase price and the deal has a 1.46 DSCR. The borrower is strong, deal is secure.