Repeat investor looking to purchase this property as a long-term rental. Property was recently remodeled and has a market rent of $1400/ month, although property is vacant therefore there is no actual rent. Borrower has liquidity over $305,000 and good credit score of 753. Deal has 1.1000 DSCR.
New client refinancing debt on investment property. With ownership of property since October 2020, there is an outstanding balance of $98K. RCN was able to provide a loan amount that is 75% of the As-Is Value. Borrower has excellent credit of 770.
This repeat borrower is an experienced investor adding this duplex for $320k to their existing rental portfolio. This newly constructed duplex is appraised for $325 As-Is. With the borrower already having 1 of the 2 units pre-leased for $1,400 per month and an additional $1,400 per month is estimated on the vacant unit. Sponsor has …
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An experience investor came to RCN looking to utilize the Long-Term Rental Program that is offered for a subject property in Florissant, Missouri. They were looking to purchase the subject property with an exit strategy of holding it as a long-term rental. The subject has been appraised for $105k with an LTV of 80%.
Highly experienced investors looking to purchase a subject property in Aston, Pennsylvania came to RCN Capital looking to utilize the 12M Fix & Flip Program. The subject has been appraised for $185K As-Is with an ARV of $280K. The exit strategy for this project is to sell upon completion of renovations.
An experienced (10+) borrower and investor looking to use the Fix & Flip Program that RCN Capital offers for a subject property in Raleigh, North Carolina. They are seeking to purchase and rehab the subject property. The subject is being purchased for $149K with an appraised value of $170K. Following the rehab of $30K, the …
An experienced investor came to RCN Capital looking to utilize the Fix & Flip Program for a subject property in Commack, New York. They are looking to purchase it for $488k and will be adding $50k in renovations before the flip. The project is an SFR appraised for $500k As-Is with an ARV of $610k. …
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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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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An experienced borrower and realtor who lives and rehabs in her local market of Atlanta, GA is looking to purchase a Single-Family Residential (SFR). The borrower is under contract to purchase this Single-Family Residential (SFR) equal to the As-Is Value for $130,000. After adding $110,000 in renovations, the property will have an After-Repair Value (ARV) …
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RCN Capital, LLC is licensed as a California Finance Lender under Department of Business Oversight license number 60DBO-46258. Arizona Mortgage Banker License BK-0932325. Oregon Mortgage Lending License: ML-5571. NMLS Company ID: 1045656
