Borrower is an experienced investor looking to cash-out refinance on a 2 unit subject property and both units are currently leased and generating $1,500 per month. The property was appraised for $175k As-Is value. Sponsor on the loan has a decent credit with mid score of 725 and bank statements on file evidence over $71K in total assets/liquidity. RCN was able to provide a loan for 75% LTV with 1.35 DSCR.
.png?width=234&height=80&name=logo-white-1%20(2).png "RCN Capital"){kind=logo}
REAL ESTATE FINANCING
Review Current Guidelines for Fix and Flip, Long-Term DSCR, Ground-Up Construction, and Other Loan Programs.
RECENT LOANS
View Recent Examples of Real Estate Investment Transactions that RCN Capital Has Funded.
BROKER REFERRAL PROGRAM
Get More Information on RCN Capital’s Broker Program with Different Levels of Involvement and Compensation to Best Suit Your Business.
CORRESPONDENT LENDING
Partner with RCN Capital to Grow Your Private Lending Business by Accessing the Capital and Back-End Support You Need to Expand.
PREFERRED VENDORS
View RCN Capital’s Curated Network of Trusted and Reliable Vendors to Streamline Your Real Estate Business.
CORE VALUES
Learn More About RCN Capital’s Core Values and What We Stand for as a Company.
OUR TEAM
Meet Some of RCN Capital’s Key Employees That Have a Critical Role in the Organization.
Recent Articles
Take a look at the latest from RCN Capital featuring Company News, our Video Library, and Recent Closed Loans.
JOIN OUR TEAM
Review Open Positions at RCN Capital and Learn How You Can Start Your Career with a Leading Private Lending Today.
FAQ
Review Answers to RCN Capital’s Most Frequently Asked Questions.
Amplify Your Education
Access Our Free, Self-Guided Wholesale Partner Training Platform Designed to Help You Master Real Estate Investment Loan Origination.
DOCUMENT LIBRARY
Review and Download Important Documents That May Be Needed Throughout the Loan Process.
REAL ESTATE INVESTING TERMS
Grow Your Real Estate Investing Knowledge with Our Simple Guides of Industry-Specific Terms.
REHAB BUDGET BUILDER
Analyze Your Next Investment Property to Develop an Accurate Scope of Work and Maximize Your Return on Investment.