Fix & Flip

Dallas-TX-property-2022

Don’t Miss This Home in Dallas, TX!

Borrower is an experienced investor under contract to acquire the subject property for $472,500. Subject is an SFR located in Dallas, TX and is appraised for $675K As-Is. Sponsor has a mid-score of 684 and bank statements reflect sufficient liquidity. Loan structured in accordance with the qualification model. Total Loan amount 70% LTV.

A Funded Flip in Orlando, FL!

Repeat borrower taking on another fix & flip project. The property was acquired for $159,900 with the intention of spending $23,370 on rehab before listing for resale. Borrower has great credit of 765. RCN was able to provide a loan at 81% of the As-Is Value.

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