Single Family Residence
Residential Fix and Flip12/14/2018
A team of real estate investors were looking for the funds to purchase and renovate this single-family home in Century, a town in Escambia County, Florida. RCN Capital was able to provide 80% of the purchase price and 100% of the renovation costs. The loan term was 12 months. The total rehab costs are $60,000. Upon completion, the property will have an appraised after-repair value of $200,000. The investors anticipate a 14% return on investment once complete and the property is sold.