Long-Term Rental

Take A Look at This Property In Amityville, NY!

Repeat borrower looking to refinance debt on 6 properties and put a cash-out to fund other investments. Collateral generates a combined total of $19,200 per month in rents. Properties appraised for a combined $2,276k As-Is. Sponsor on the loan has good credit of 730 with bank statements upwards of $152k in assets/liquidity. Total loan amount …

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Look At This Property in Fayetteville, North Carolina!

A repeat client of RCN’s is now looking to refinance another investment property in Fayetteville, North Carolina. This individual has already closed two loans with us, and is looking to utilize RCN’s Long-Term Rental Program for this project. This subject property is a single-family ranch that is currently in good condition and leased slightly above …

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Check Out This Long-Term Rental In Mesquite, Texas!

A repeat borrower and experienced investor is looking to refinance existing debt on a subject property and cash-out to fund other investments located in Mesquite, Texas. The project is a Single-Family Residential (SFR) rental that is currently leased for $1,975 per month, which falls in line with the appraiser’s estimate of market rent. Overall, the …

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Look at This Refinance in Clarksville, Tennessee!

An experienced borrower was looking to utilize the 30 Year Long-Term Rental (LTR) program to refinance a ranch style Single-Family Residential (SFR) project in Clarksville, Tennessee. The borrower initially purchased the project for $30k in December 2019. This property has been appraised for $150k As-Is. As a result, RCN Capital was able to provide the $56k …

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Look at this Long Term Rental in Portsmouth!

An experienced borrower came to RCN Capital looking to refinance a subject property from Portsmouth, Virginia into the Long Term Rental Program. This Single-Family Residential (SFR) was acquired for $65,000 in January 2020. This subject has received about $41,000 for renovations. It is now leased and generating a monthly rent of $1,200/month!

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