- Fix & Flip
- Fix & Lease
- Long-Term Rental
- Recent Loans
Repeat borrower and experienced investors who is looking to renovate the property and list for resale. Borrower was looking to use RCN Capital’s ARV Loan Program and anticipates spending about $111K on rehab. RCN Capital was able to provide a loan at 65% of the After-Repair-Value.
Repeat borrower and experienced investor acquiring subject property through short sale. The borrower plans to spend about $40k on renovations and RCN was able to provide a loan at 65% of the after-repair value. After everything is complete with the home, the investor plans to list the house for sale and anticipates a 25% return on investment
Borrower is looking for a loan to refinance the property. The home has already been renovated and is on the market. The investor is looking to invest in a large commercial deal and needs additional funds for the down payment. Borrower is an experienced investor and has been working on larger commercial investment properties.
The borrower is purchasing this Ranch style property as a fix and flip investment. The borrower plans to complete renovations before re-listing the home. The cost for the renovations is anticipated to be around $39K and the borrower is going to pay out of pocket for the rehab. The purpose of the loan is for the acquisition of the property.
This is a purchase of a single family home located in Connecticut as a fix and flip investment. The anticipated renovation costs is around $40k and RCN Capital was able to provide a loan at 65% of the After-Repair-Value. The anticipated return on investment for this project is around 20%.
This property deal is a cash out refinance. Funds will be used for the purchase of another investment property. The borrower’s exit strategy will be to refinance the property with a conventional loan. The home is 1,710 square feet and was built in 2006.