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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.

Fix & Flip

Single-Family Residential

Borrower is an experienced real estate investor and foreign national with five verified projects under his belt. RCN was able to provide a 12-month loan at 51% of the After-Repair Value and the investor is planning on spending $78k on renovations before listing this house in Chicago, Illinois for sale. Once the project is complete the investor is anticipating a 69% return-on-investment. Total loan amount: $122,900  

Fix & Flip

Single-Family Residential

New investor with RCN who has invested in over 70 properties was looking for the funds to renovate this 6-unit apartment building. RCN Capital was able to provide a loan at 66% of the After-Repair Value and 100% of the renovation costs. Once the project is complete the investor is anticipating a 25% Return-On-Investment.

Fix & Flip

Single-Family Residential

Investor is an experienced flipper who is looking to take on a new project. RCN Capital was able to provide a loan at 75% of the After-Repair Value with 100% of the renovation costs funded. Once the project is complete the investor is anticipating a 10% return on investment.

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