Loan Amount: $203,165
Property Type: Single Family Residential
Loan Type: Fix and Flip
Loan Term: 12-Months
Experienced borrower looking for a loan to purchase subject property as a fix and flip investment. RCN Capital provided a loan at 66% of the ARV and the investor is planning on spending $12k on renovations. Once the project is complete the investor is anticipating a 25% Return-On-Investment.