- Fix & Flip
- Fix & Lease
- Recent Loans
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.
This is a fix and lease of a six unit property in Massachusetts. The borrower has excellent credit and strong experience with fix and lease projects. Once renovations are completed, the borrower plans to refinance the property and hold as a rental unit. The borrower plans to spend $85k on renovations and is anticipating a 23% return on investment.
Repeat borrower with RCN and experienced investor was able to acquire this property from a foreclosure. RCN was able to provide a loan at 65% of the After-Repair-Value and the borrower plans to spend $123k on renovations before listing the home for sale. Once the work is compete the borrower is anticipating a 16% return on investment.
Experienced investors who have completed over 3 flips are acquiring this duplex as a fix and flip investment. The borrowers plans to spend about $80k on renovation before listing for resale. RCN Capital was able to provide a 12 month term loan at 66% of the After-Repair-Value of the home. Once the project is complete there is an anticipated return on investment of 28%.