Anchorage Rehab Fix & Flip Project

Funded by RCN Capital

Anchorage, AK


Single Family Residence

Residential Fix and Flip

Transaction by
RCN Capital
The Borrowers were under contract to acquire the single family home for less than the appraised as-is value. The purchase price was $85,000. The Borrowers plan to completely renovate the property before listing for resale. The renovation costs are estimated at $109,000. RCN Capital provided 80% loan-to-cost and the Borrowers put in 20% of the total project cost. Once the repairs are completed the borrower plans to list the property for around $240,000 and is anticipating a 19% return on investment. The loan-to-value based on the ARV (after-repair value) is 65%.