Fix & Flip

Single-Family Residential

Experienced borrower with great credit looking for a 12-month loan to purchase this single-family property located in Grayslake, Illinois.  RCN was able to provide a loan at 75% LTV.  As no renovations are needed, the property is ready to be held as a rental unit.  Total loan amount: $258,750.  

Single-Family Residential

Experienced borrower looking for a 12-month loan to purchase subject property located in Burlington, New Jersey. RCN Capital was able to provide a loan at 85% LTV and the investor is planning on spending $28k on renovations. Once the project is complete the investor is anticipating a 36% Return-On-Investment. Total loan amount: $104,575.  

Single-Family Residential

New investor with RCN who has invested in over 70 properties was looking for the funds to renovate this 6-unit apartment building. RCN Capital was able to provide a loan at 66% of the After-Repair Value and 100% of the renovation costs. Once the project is complete the investor is anticipating a 25% Return-On-Investment.

Single-Family Residential

Investor is an experienced flipper who is looking to take on a new project. RCN Capital was able to provide a loan at 75% of the After-Repair Value with 100% of the renovation costs funded. Once the project is complete the investor is anticipating a 10% return on investment.

Single-Family Residential

Repeat investors with RCN were looking to pull cash-out of a property to renovate a new property as a fix and flip investment. The investors plan to spend $25k on minor renovations before listing the home for sale. Once the work is competed the investors are anticipating a 24% return on investment.

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