Recent Loans

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MFR_Bedford-MA
Fix & Flip

Multi-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 $42K on renovations, on the three separate rental units in the property, prior to putting the multi-family house on the market. RCN Capital was able to provide a loan for 55% of the After-Repair-Value of the property and the investor is anticipating approximately a 56% Return on Investment for this project.

SFR_Lenox-MA
Fix & Flip

Single-Family Residential

The borrower was looking for final renovation funds to fix and flip this project. The borrower plans to spend approximately $181K on renovations prior to putting the house on the market. RCN Capital was able to provide a loan for 25% of the After-Repair-Value of the property.

SFR_Stafford-VA
Fix & Flip

Single-Family Residential

For this purchase of a beautiful single-family home the repeat borrower was looking to acquire the property as fix and flip investment. RCN Capital was able to provide a loan for 64% of the After-Repair-Value of the property. The borrower plans to spend about $40K on renovations prior to putting the house back on the market. Based on the property’s appraised ARV, the borrower anticipates a 38% ROI for this project.

SFR_Bristol-Connecticut
Fix & Flip

Single-Family Residential

This repeat borrower through RCN Capital was looking to purchase the single family residence which they would then fix and resell. The borrower is anticipating the renovation costs to be about $71k resulting in a 21% return on investment. RCN Capital was able to provide financing for the purchase and renovation of the property.

MFR_Chicago-Illinois
Fix & Flip

Multi-Family Residential

This repeat borrower with experience in the Chicago area, will renovate the property to ultimately put back on the market. The borrower plans to spend about $80k on rehab before listing for resale. Based on the property’s appraised After-Repair-Value, the borrower anticipates a 41% ROI on this project.

SFR_ValleyCottage-NewYork
Fix & Flip

Single-Family Residential

The investor was looking to purchase and renovate the property using RCN’s ARV Loan Program. Since this was an experienced contractor who was anticipating spending about $83k on rehab costs, RCN Capital was able to provide a loan for 65% of the After-Care-Value. Based on the property’s appraised ARV, the borrower anticipates a 27% ROI for this project.