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Fix & Flip

Single-Family Residential – Grayslake, IL

Experienced borrower with great credit looking for a 12-month loan to purchase this single-family property located in Grayslake, Illinois.  RCN was able to provide a loan at 75% LTV.  As no renovations are needed, the property is ready to be held as a rental unit.  Total loan amount: $258,750.  

Fix & Flip

Single-Family Residential – New Orleans, LA

Borrower is an experienced flipper with three verified flips under his belt. The borrower is looking for a loan to purchase and renovate this property in New Orleans, Louisiana. RCN was able to provide a loan at 85% LTV and the investor is planning on spending $31k on renovations. Once the project is complete the investor is anticipating a 19% Return-On-Investment.  Total loan amount: $173,200.  

Fix & Flip

Single-Family Residential – Burlington, NJ

Experienced borrower looking for a 12-month loan to purchase subject property located in Burlington, New Jersey. RCN Capital was able to provide a loan at 85% LTV and the investor is planning on spending $28k on renovations. Once the project is complete the investor is anticipating a 36% Return-On-Investment. Total loan amount: $104,575.  

Fix & Flip

Single-Family Residential

Borrower is an experienced real estate investor with 3+ verified projects completed and was looking for the funds to purchase and renovate this property in Phenix City, Alabama. RCN was able to provide a loan at 57% of the After-Repair Value and the investor is planning on spending $9k on renovations before listing the house for sale. Once the project is complete the investor is anticipating a 30% return-on-investment. Total loan amount: $80,325.  

Fix & Flip

Single-Family Residential

Borrower is an experienced real estate investor in Connecticut with 8 verified projects previously completed. RCN was able to provide a 12-month loan at 80% LTV and the investor is planning on spending $49k on renovations before listing the house for sale. Once the project is complete the investor is anticipating a 62% return-on-investment. Total loan amount: $113,801.  

Chicago, IL
Fix & Lease

Multi-Unit Residential

Repeat borrower and experienced investor with 3+ verified real estate investment properties completed was looking for the funds to purchase and renovate this 4-unit complex. RCN Capital was able to provide a loan at 75% of the After-Repair Value and the investor is planning on spending $97k on renovations. Once the project is complete the investor’s exit strategy is to refinance the property to hold as rental units.

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