Single Family Residence
Residential Fix and Flip04/26/2019
RCN Capital provided a hard money loan for a rehab fix & flip project in Haiku, Maui Island. The borrower is a repeat client and experienced property investor with over 10+ verified real estate investment properties completed. He was looking for the funds to purchase and renovate this property in Hawaii. RCN Capital was able to provide a loan at 71% of the After-Repair Value plus 100% of the renovation costs. Once the project is completed, the investor is looking at a 26% return on investment. This hard money loan was funded in April 2019.