New construction is on the radar of many investors as well. The interest for both ground-up construction and restoring existing stand-alone properties plays well into the type of private financing that RCN Capital can provide.
“If you are looking at the trend from both ends where you have an existing property that needs to be flipped and sold or flipped and held. And then, in addition, you may have a house that needs to come down and be rebuilt, we have a credit box to our line to cover for both ends of this,” Montanari stated.
The willingness of investors and investment groups to seize potential real estate opportunities has them hitting the pavement and going to see what properties may be available on the market and what properties may need investor support. This is where off-market properties have come into play, Montanari outlined.
“These investors are making a little bit of sunshine out of that opportunity,” Montanari stated.
RCN Capital has recognized the increasing demand for these off-market properties as well and is actively partnering with investors who come into these types of opportunities. RCN Capital can provide private financing to investors to take over these properties from buyers and restore them for potential resale.