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) …
An experienced borrower was looking to purchase and rehab a Single-Family Residential (SFR) subject property in Rockmart, Georgia. RCN Capital has been able to assist this borrower by proving a 12-Month Fix & Flip Loan. This property is being purchased just $3,000 above the As-Is Value and will receive just under $50,000 for renovations. The …
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A brand new investor came to RCN Capital looking to purchase, rehab, and sell a Single-Family Residential (SFR) property in San Antonio, Texas. With the help of RCN Capital, the borrower is under contract to acquire the property for $100,000with the intention of spending $18,000 on renovations before listing it for resale. This subject property …
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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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!
RCN Capital recently worked with an experienced investor who was looking to fix & flip a Single Family Residential property in Baton Rouge, Louisiana! The market rent for the subject property is approximately set at $1,625 per month. As for appraisal, the property came in at $155,000 As-Is. However, the After-Repair Value (ARV) has been …
RCN Capital recently worked with new borrowers who were looking to take on their first fix and flip project with light rehab. During the process, the subject property had been under contract for $155k with the plan to spend about $24k on the rehab. The As-Is Value rang in at $107k with approval by the …
New investors that were looking to take on their first fix and flip project. They had been under contract to acquire the subject property with the exit strategy of a purchase and rehab. The initial purchase price for this property was $75K, with the ARV being brought up to $175K due to renovations. This subject …
A new client under contract to purchase the subject property for a fix and flip. The property has been appraised for $8K above the As-Is Value and $80K in renovations had been scheduled. After all the working being done, the After Repair Value of this property is set for $280K with a Return-On-Investment of 29%. …
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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
