Recent Loans

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.

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.

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.

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.

The repeat borrower is a full time contractor with excellent credit scores. Looking for the funds to fix and flip the subject property. RCN Capital was able to provide a loan at 74% LTV. The borrower is planning on adding $72k worth of renovations to the home before listing the home for sale.