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Long-Term Rental

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 property appraised for $200,000 As-Is. The total loan amount has come in at 75% Loan-to-Value (LTV). The borrower was able to utilize RCN Capital’s Long-Term Rental Financing Loan Program to execute this project!

Fix & Flip

Don’t Miss This SFR Purchase In Atlanta, GA!

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) of $380,000. This project has a solid ROI of 55.80% that supports the exit strategy of a sale. The borrower was able to utilize RCN Capital’s 12-Month After-Repair Value (ARV) Loan Program to complete this project!

Fix & Flip

Look At This SFR Completed in Rockmart, Georgia!

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 exit strategy is to sell with a Return-On-Investment (ROI) of 53%.

Fix & Flip

Check Out This SFR in San Antonio, Texas!

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 had originally been appraised for $100,000 As-Is and is set to have an After-Repair Value (ARV) of $170,000.

Long-Term Rental

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 in renovations that this borrower needed. In the end, the property is currently leased above the market rent for $1,300/month.

Long-Term Rental

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!

Chat with the RCN Capital Sales Team!