Loan Amount: $232,500
Property Type: Single-Family Residential
Loan Type: Fix and Flip
Loan Term: 12-Months
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.