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Don’t Miss This SFR Purchase In Atlanta, GA!
An experienced borrower and realtor who lives and rehabs in her local market of Atlanta, GA is looking to purchase a Single-Family Residential (SFR). The borrower is under contract to purchase this Single-Family Residential (SFR) equal to the As-Is Value for $130,000. After adding $110,000 in renovations, the property will have an After-Repair Value (ARV) of $380,000. This project has a solid ROI of 55.80% that supports the exit strategy of a sale. The borrower was able to utilize RCN Capital’s 12-Month After-Repair Value (ARV) Loan Program to complete this project!
Look At This SFR Completed in Rockmart, Georgia!
An experienced borrower was looking to purchase and rehab a Single-Family Residential (SFR) subject property in Rockmart, Georgia. RCN Capital has been able to assist this borrower by proving a 12-Month Fix & Flip Loan. This property is being purchased just $3,000 above the As-Is Value and will receive just under $50,000 for renovations. The exit strategy is to sell with a Return-On-Investment (ROI) of 53%.
Check Out This SFR in San Antonio, Texas!
A brand new investor came to RCN Capital looking to purchase, rehab, and sell a Single-Family Residential (SFR) property in San Antonio, Texas. With the help of RCN Capital, the borrower is under contract to acquire the property for $100,000with the intention of spending $18,000 on renovations before listing it for resale. This subject property had originally been appraised for $100,000 As-Is and is set to have an After-Repair Value (ARV) of $170,000.
Look at This Refinance in Clarksville, Tennessee!
An experienced borrower was looking to utilize the 30 Year Long-Term Rental (LTR) program to refinance a ranch style Single-Family Residential (SFR) project in Clarksville, Tennessee. The borrower initially purchased the project for $30k in December 2019. This property has been appraised for $150k As-Is. As a result, RCN Capital was able to provide the $56k in renovations that this borrower needed. In the end, the property is currently leased above the market rent for $1,300/month.
Look at this Long Term Rental in Portsmouth!
An experienced borrower came to RCN Capital looking to refinance a subject property from Portsmouth, Virginia into the Long Term Rental Program. This Single-Family Residential (SFR) was acquired for $65,000 in January 2020. This subject has received about $41,000 for renovations. It is now leased and generating a monthly rent of $1,200/month!
Here’s a Fix & Flip in Baton Rouge, Louisiana!
RCN Capital recently worked with an experienced investor who was looking to fix & flip a Single Family Residential property in Baton Rouge, Louisiana! The market rent for the subject property is approximately set at $1,625 per month. As for appraisal, the property came in at $155,000 As-Is. However, the After-Repair Value (ARV) has been concluded at $212,500.
