Fix & Flip

Borrower is a highly experienced repeat investor under contract to acquire the subject property located in Magnolia, TX for $340K with intentions of spending $243,517 on renovations before listing the property to hold/refinance. Subject is an SFR and appraised for $479K As-Is and ARV of $723K evidences a ROI for borrower of 21.78%. Sponsor with …

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Borrower is an experienced investor looking to take on another fix and flip project. Under contract to acquire the subject property located in Garfield Heights, OH for $68k with intentions of spending just $12,700 on rehab before listing it for resale. Subject is an SFR and appraised for $89k As-Is and ARV of $145k evidences …

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Repeat borrower under contract to purchase a SFR at market price for $350k with intentions to add $45K in rehab. Per Appraiser, an ARV of $460,000 to $480,000 seems reasonable. Sponsor has good credit and excellent liquidity to close the deal. Loan is structured in accordance with the guidelines.

Borrower is a repeat and experienced investor under contract to acquire the subject property for $190K with intentions of spending $25K on renovations before listing the property for resale. Subject is an SFR located in East Hartford, CT. Sponsor has average credit with mid-score of 690 and bank statements reflect sufficient assets to close this …

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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.

Borrower is an experienced investor under contract to acquire the subject property for $91,500 with intentions of spending $14,857.5 on renovations before listing the property for resale. Subject is an SFR and is appraised for $95K As-Is and ARV of $120K evidences a solid ROI for borrower of just over 9%. Loan structured in accordance …

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Experienced borrower looking to fix and flip this property in Bellwood, IL. Borrower purchased the property cash. Was initially going to finance the purchase with RCN but was not able to close due to late appraisal. 60% LTV, 100% of rehab, up to 55% of ARV. Exit strategy sell.

Borrower acquiring a loan for a 12 month fix and flip purchase. Property is located in Flossmoor, IL. RCN Capital was able to provide a loan at 70% LTV and the investor is planning on spending $40k on renovations. Once the project is complete the investor is anticipating a substantial Return-On-Investment.

Borrowers are highly experienced investors (20+ Verified) under contract to acquire the subject property for $42.5k. BPO was ordered and valued the property at $64.5k As-Is, a solid premium to purchase price, and ARV of $153k evidences a very strong ROI for borrower of nearly 80%. Guarantor has good credit and bank statements reflect sufficient …

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Repeat borrowers and experienced investors (10+ Verified) under contract to acquire the subject property for $154.5k with intentions of spending $72.5k on rehab before listing it for resale. Subject is a SFR and given borrowers experience and familiarity with the subject’s market they were approved for the no-appraisal option where our in-house appraiser reviewed their …

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