Loan Amount: $163,337
Property Type: Single-Family Residential
Loan Type: Fix and Flip
Loan Term: 12-Months
Repeat investors with RCN were looking to pull cash-out of a property to renovate a new property as a fix and flip investment. The investors plan to spend $25k on minor renovations before listing the home for sale. Once the work is competed the investors are anticipating a 24% return on investment.