Recent Loans

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  • Fix & Flip
  • Fix & Lease
  • Recent Loans
Chicago, IL
Fix & Lease

Multi-Unit Residential

Repeat borrower and experienced investor with 3+ verified real estate investment properties completed was looking for the funds to purchase and renovate this 4-unit complex. RCN Capital was able to provide a loan at 75% of the After-Repair Value and the investor is planning on spending $97k on renovations. Once the project is complete the investor’s exit strategy is to refinance the property to hold as rental units.

Fix & Flip

Single-Family Residential

New investor with RCN who has invested in over 70 properties was looking for the funds to renovate this 6-unit apartment building. RCN Capital was able to provide a loan at 66% of the After-Repair Value and 100% of the renovation costs. Once the project is complete the investor is anticipating a 25% Return-On-Investment.

Fix & Flip

Single-Family Residential

Investor is an experienced flipper who is looking to take on a new project. RCN Capital was able to provide a loan at 75% of the After-Repair Value with 100% of the renovation costs funded. Once the project is complete the investor is anticipating a 10% return on investment.

Fix & Flip

Single-Family Residential

Repeat investors with RCN were looking to pull cash-out of a property to renovate a new property as a fix and flip investment. The investors plan to spend $25k on minor renovations before listing the home for sale. Once the work is competed the investors are anticipating a 24% return on investment.

Fix & Flip

Single-Family Residential

Experienced borrower looking for a loan to purchase subject property as a fix and flip investment. RCN Capital provided a loan at 66% of the ARV and the investor is planning on spending $12k on renovations. Once the project is complete the investor is anticipating a 25% Return-On-Investment.

Fix & Flip

Single-Family Residential

Team of investors were looking for the funds to fix and flip this property. RCN Capital was able to provide a loan at 64% After-Repair-Value and the investors are planning on spending $15k on the minimal renovations needed. Once the project is completed the investors are anticipating a 27% Return-On-Investment.