A father & son investing team was under contract to acquire the subject property with the intentions of spending
about $80k in rehab before listing for resale. RCN was able to provide a loan for 68% of the after-repaid value.
Once renovations are complete, the investors anticipate a 20% return-on-investment.
Loan Type: Single Family Home
Purpose: Purchase & Rehab
Loan Amount: $484,000.00
Location: Dallas, TX
Date Funded: November 2018
South Windsor, CT