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. RCN was able to provide 80% of the purchase price and 100% of the renovation costs for a 12-month term. After adding $60k in renovations, the property will have an appraised after-repair value of $200k. The investors anticipate a 14% return on investment once complete.