Fix & Flip

Take a look at this beautifully remodeled home located in Alden Bridge, TX. RCN Capital was able to fund the deal earlier this year, and we love the way this fix & flip project turned out. More photos available below:

Experienced borrower under contract to acquire the subject property for $145k with intentions of spending $59k on renovations before listing the property for resale. Subject is an SFR located in South Euclid, OH and an ARV of $272K evidences a good ROI for the borrower of over 30.71%. Sponsor on the loan has excellent credit …

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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.