Recent Loans

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  • Recent Loans
SFR Brown House
Fix & Flip

Single-Family Residential

This repeat borrower has been in the constructions and property investing industry for 12 years and was looking to purchase and renovate this property using our After-Repair-Value Loan Program. RCN Capital was able to provide a loan for 65% of the After-Repair-Value of the property and the borrower plans to spend about $62K on renovations prior to putting the house back on the market. The anticipated Return on Investment for this project is 25%.

SFR Green House
Fix & Flip

Single-Family Residential

This experienced borrower has completed multiple fix and flip projects and was looking to acquire this property to renovate as well. The investor is planning on spending about $52K on renovations before listing the property for sale. RCN Capital was able to provide a loan for 65% of the After-Repair-Value of the property and the investor anticipates around a 21% Return on Investment for this project.

Apartment Building
Fix & Lease

Multi-Family Residential

Borrower is looking to acquire funding to purchase the multi-family property with no renovations are needed. The borrower wanted to purchase the property quickly to then refinance with a conventional lender in the near future. RCN Capital was able to provide a loan at 70% LTV for this investor.

SFR House
Fix & Flip

Single-Family Residential

Repeat borrower and experienced investor in the area looking for renovation funds to fix and flip this project. The borrower plans to spend approximately $80k on renovations, prior to putting the house on the market. RCN Capital was able to provide a loan for 61% of the After-Repair-Value of the property and the investor is anticipating approximately a 38%-45% Return on Investment for this project.

MFR_NorthAdams-MA
Fix & Flip

Multi-Family Residential

Experienced borrower with RCN Capital looking to fix and flip this Multi-Family Duplex. The borrower plans to spend approximately $37K on renovations prior to putting the Duplex on the market. RCN Capital was able to fund a loan for this investor at 62% LTC. Based on the property’s appraised After-Repair-Value, the borrower anticipates approximately a 55% Return on Investment for this project.

SFR_FloralPark-NY2
Fix & Flip

Single-Family Residential

Experienced investor and repeat borrower through RCN Capital, looking to acquire the cape style property for a quick fix and flip. Based on the property’s appraised After-Repair-Value, the borrower anticipates a 20% Return on Investment on this project and plans to spend around $41K on renovation costs.