Recent Loans

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  • Fix & Flip
  • Fix & Lease
  • Recent Loans
Fix & Flip

Single-Family Residential

Experienced borrower and repeat client with RCN looking for a loan to purchase subject property as another fix and flip investment. RCN Capital was able to provide a loan at 75% LTV and the investor is planning on spending $27k on renovations. Once the project is complete the investor is anticipating a 12% Return-On-Investment.

Fix & Flip

Single-Family Residential

Experienced borrower and repeat client with RCN was looking for a loan to purchase subject property as a fix and flip investment. RCN Capital was able to provide a loan at 57% LTV and the investor is planning on spending $100k on renovations. Once the project is complete the investor’s exit strategy is to sell the property and is anticipating a 20% return-on-investment.

Fix & Flip

Single-Family Residential

Experienced investor who has a portfolio of over 3 rental properties is looking for a loan to purchase and renovate this property. RCN Capital was able to provide a loan at 53% of the After Repair Value. The investor is planning on spending $44k on renovations before listing the home for sale. Once the project is complete the investor is anticipating a 60% Return-On-Investment.

Fix & Flip

Single-Family Residential

Experienced borrower and full time contractor is looking to acquire this property as a fix and flip investment.
RCN Capital was able to provide a loan at 63% of the After Repair Value. The investor is planning on spending $87k on renovations before listing the home for sale. Once the project is complete the investor is anticipating a 35% Return-On-Investment.

Fix & Lease

Multi-Unit Residential

Experienced investors acquiring subject property to complete renovations and then refinance to hold as a rental unit. The property consists of 13 one bedroom apartments, 5 garages and 6 covered parking spaces. RCN Capital was able to provide a loan at 81% of the After Repair Value. The borrower is planning on spending about $118k on renovations before refinancing out and earning a 22% return on investment.

Fix & Flip

Single-Family Residential

Experienced borrower and repeat client who has completed over 8 property flips in the last 12 months. RCN Capital was able to provide a loan at 66% of the After Repair Value. The investor is planning on spending $60k on renovations before listing the home for sale. Once the project is complete the investor is anticipating a 31% Return-On-Investment.