RCN Capital's Loan Terms

Do you have questions about RCN Capital's loan programs? Click on a link below to see loan terms for each of our financing options.

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.

FIX & FLIP LOANS

RCN Capital’s ARV Loan Program offers financing for up to 90% of the purchase price + 100% of renovation costs for rehab projects, not to exceed 75% of the after-repair value.

Plus, RCN Capital only charges interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.

Loan Terms:

Collateral

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes

LTV:

Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV

Term:

12 – 18 Months

Minimum After Repair Value:

$100k for Single-Family
$100k for 2-4 Family

Loan Amount:

$50k – $2M for 1-4 Family, Condos, & Townhomes

Minimum FICO:

660

Pre-Payment Penalty:

N/A

*Loan Terms may have been recently updated, please see our Loan Programs page for the most up to date loan terms.

LONG-TERM RENTAL LOANS

RCN Capital remains committed to your future investments with our Long-Term Rental loan program.

This program offers a 30-year term to ensure that our customers have true long-term financing options.

Loan Terms:

Collateral

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

LTV:

Purchase:
Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance:
Up to 80% of the As-Is Value
Cash-Out:
Up to 75% of the As-Is Value

Amortization Options:

30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) & Interest-Only Options Available

Property Values:

“As Is” Appraised Value Must Be $100k or Greater

(Geographical Restrictions May Apply)

Loan Amount:

$55k – $2M

Debt Service Coverage Ratio (DSCR):

1.05

Minimum FICO:

660

*Loan Terms may have been recently updated, please see our Loan Programs page for the most up to date loan terms.

LONG-TERM MULTIFAMILY LOANS

Loan Terms:

Collateral

Multi-Family Apartment Buildings (5-9 Units)

Term:

30-Years (Amortization Options Available)

Loan Amount:

$100k – $2M

FICO:

680 Minimum

LTV:

Purchase: Up to 70% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value

*Loan Terms may have been recently updated, please see our Loan Programs page for the most up to date loan terms.

SHORT-TERM MULTIFAMILY LOANS

Loan Terms:

Collateral

Multi-Family Apartment Buildings (5+ Units)

Term:

12 – 18 Months (Extended Terms Available)

Minimum After Repair Value:

$350k for Multi-Family (5+)

Loan Amount:

$250k – $2.5M ($1M Max per unit)

FICO:

660 Minimum

LTV:

Stabilized Bridge

Purchase: Up to 75% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value

Fix & Flip

Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 75% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 70% of the As-Is Value + 100% of Renovation Costs

*Loan Terms may have been recently updated, please see our Loan Programs page for the most up to date loan terms.

NEW CONSTRUCTION LOANS

RCN Capital is able to provide financing to cover all of your ground-up construction needs.

This program offers up to a 24-month term to make sure your project is well-funded from start to finish.

Loan Terms:

Collateral

Non-Owner Occupied Single-Family
Properties; Condos; Townhomes

Term:

12 – 24 Months

Loan Amount:

$100k* – $2M
*Based on Max Loan Amount

Minimum Property Value:

$150k**
**As-Completed Value

Minimum FICO:

650

*Loan Terms may have been recently updated, please see our Loan Programs page for the most up to date loan terms.

INVESTOR RENTAL PORTFOLIO LOANS

RCN Capital provides investors with the financing to build long term wealth with our Investor Rental Portfolio loan program.

With flexible term lengths and low rates, our clients have everything they need to grow their real estate empire.

Loan Terms:

Collateral

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Multi-Family Apartment Buildings (5 – 9 Units)

Term:

3, 5, 7, & 10 Year

Amortization Options:

3 Year Term: 30Y Amort + 3Y Balloon, or 3Y IO + 3Y Balloon
5 Year Term: 30Y Amort + 5Y Balloon, or 5Y IO + 5Y Balloon
7 Year Term: 30Y Amort + 7Y Balloon, or 7Y IO + 7Y Balloon
10 Year Term: 30Y Amort + 10Y Balloon, or 10Y IO + 10Y Balloon

Minimum Loan Amount:

$55k per Individual Property

Maximum Loan Amount:

$1.5M per Individual Property
$20M Overall Portfolio

Minimum Property Value:

Individual Property Value:
1 Unit: $75k
2 – 4 Units: $100k
5 – 9 Units: $125k

Average Portfolio Value:
$100k

Minimum Occupancy Rate:

90%*
*As Evaluated by Both Property Value and Unit Count

Minimum DSCR Requirement:

1.20

*Loan Terms may have been recently updated, please see our Loan Programs page for the most up to date loan terms.