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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 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!
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!
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%.
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.
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.
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!
