Fix and flip deals move very quickly, and investors need a lending partner that understands the complexity of these projects. The right lender does more than just offer financing, they help investors structure smarter deals and provide the support they need to maximize returns. RCN Capital is the leading nationwide wholesale lender for real estate investments, and we got our reputation by offering specialized support for fix and flip deals, including ARV-based financing, streamlined underwriting processes, and an unparalleled industry experience. For brokers and correspondent lenders, working with RCN Capital helps you supercharge your deal pipeline with dedicated support and a wholesale-focused approach that puts you and your business first.
What sets RCN Capital apart isn’t just one isolated thing, but the complete lending experience we can provide from initial application through closing and beyond. Read on as we break down what makes RCN Capital stand out in the fix and flip investing space, and how partnering with us empowers you to grow your lending business.
Fix and flip investors need financing for more than just the initial purchase of a property. That’s why RCN Capital provides financing for 100% of renovation costs on all our fix and flip programs. Borrowers can also opt for interest-only repayment plans, which helps them preserve capital for managing carrying costs and contingencies during a project, ensuring progress doesn’t stall due to a lack of funding. It also means they can take their available cash further and pursue more profitable opportunities, or manage multiple projects at the same time.
When it comes to loan terms, the total amount of financing a borrower can be approved for is based on the After-Repair Value (ARV) of the property, rather than their personal income or credit history. It allows borrowers with less than perfect credit or non-traditional income profiles, who may struggle to secure a conventional mortgage, to still be approved for financing. Maximum leverage is also based on the investor’s experience in the fix and flip space, along with the overall complexity of renovations, capping out at 75% of ARV.
One of the greatest advantages that RCN Capital’s fix and flip program provides is terms that improve as an investor’s experience grows. Having a one-size-fits-all approach to lending simply doesn’t work, and a first-time flipper shouldn’t be treated the same way as an experienced investor when it comes to underwriting.
As investors get more successfully completed projects under their belt, they can gain access to better leverage amounts which improve their cash-on-cash returns. For experienced flippers, RCN Capital offers a 100% financing program, where the entirety of the property’s purchase price and renovations costs are included in the loan.
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RCN Capital is a lender you can trust because we have extensive experience providing financing to real estate investors, developers, and industry professionals nationwide. Since we were founded 2010, we’ve issued more than 40,000 loans for over $10B in originations.
We understand the unique needs of fix and flip investors because we’ve seen it all before. Our industry expertise can help investors and their teams anticipate potential challenges and navigate complex scenarios that might otherwise derail a deal. For brokers and lending partners, this means you can provide a more consistent experience to your clients, helping you build lasting relationships with investors that lead to future business.
Dependable execution is vital to success in real estate investing, and that’s even more true with fix and flip transactions. Good opportunities tend to receive multiple competing offers, and speed is key to winning in these scenarios. Besides causing investors to miss out on good deals, longer timelines can also increase carrying costs and damage the broker-client relationship. With RCN Capital, you can count on proven processes for financing fix and flip projects that make it easier for you and your clients to win. We offer in-house lending expertise with our processing, servicing, and underwriting teams so there are less communication delays. We also strive to have a clear application process, where you have a direct line to the lending team in case there are any issues that need to be resolved. This eliminates back and forth, and most crucially, it helps ensure that funding can get in place before it’s too late.
Brokers and real estate investors need access to lending partners that understand the investing process and the specific details of every deal they submit. At RCN Capital, we make that easy; when you work with us, you get a dedicated point of contact that helps you through the process, from application to closing. There’s no shuffling around, and if there’s ever an issue with your deal, all you need to do is pick up the phone. In an increasingly automated world, this is a major advantage. It allows us to provide better service to every customer, and it allows brokers to pass that better service along their clients. We help you get deals through easier so that you can focus on what really matters: finding opportunities and closing deals.
For brokers and lending partners, your choice of lender affects more than just the current transaction; it can also affect whether you keep your client for the next deal. At RCN Capital, we understand how hard you worked to build these relationships. We will never go around you to contact your clients, and your referrals remain protected even if they submit deals without your knowledge. Broker protection is a foundational part of why RCN Capital is more than just a lender. We are not interested in simply getting another loan closed, we’re invested in your long-term success, and we take a wholesale-centric approach that ensures everyone wins. If you want a different kind of experience from your lender, partner with us today.
RCN Capital is the leading nationwide wholesale lender for real estate investments. We lend to real estate professionals, commercial contractors, developers & small business owners across the nation. We provide short-term fix & flip financing, long-term rental financing, and new construction financing for real estate investors and lending partners. If you’re looking to offer a better experience to your clients, RCN Capital has competitive loan options and an award-winning broker referral program available to partners.
Q: What is a fix and flip loan?
A: A fix and flip loan is a real estate investment loan designed to finance the purchase and renovation of a property that an investor plans to improve and sell. RCN Capital offers fix and flip financing with terms designed around the unique needs and timelines of real estate investors.
Q: Does RCN Capital finance renovation costs for fix and flip projects?
A: Yes. RCN Capital provides financing for up to 100% of renovation costs on its fix and flip loan programs. This can help investors preserve more of their available capital for carrying costs, contingencies, and additional investment opportunities.
Q: How does ARV affect fix and flip financing?
A: After-Repair Value, or ARV, is the estimated value of a property after planned renovations are completed. RCN Capital uses ARV when determining financing for fix and flip projects, with maximum leverage reaching up to 75% of ARV depending on factors such as borrower experience and project complexity.
Q: Can experienced real estate investors qualify for 100% fix and flip financing?
A: Yes. Experienced fix and flip investors may qualify for RCN Capital's 100% financing program, which can finance the full purchase price of the property as well as renovation costs. Eligibility and available leverage depend on the investor and specific project.
Q: Why is lender experience important for fix and flip financing?
A: Fix and flip transactions are often time-sensitive and can involve complex renovation plans. Working with an experienced real estate investment lender can help investors and brokers anticipate potential financing challenges, navigate complex scenarios, and keep deals progressing toward closing.
Q: How does RCN Capital support brokers with fix and flip loans?
A: RCN Capital provides brokers with a dedicated point of contact from application through closing, along with in-house processing, servicing, and underwriting expertise. This wholesale-focused approach gives brokers access to specialized support while allowing them to concentrate on finding opportunities, serving clients, and closing more deals.
Q: Does RCN Capital protect broker relationships?
A: Yes. RCN Capital takes a wholesale-centric approach to its lending partnerships and protects broker relationships. RCN Capital does not go around brokers to contact their clients, and broker referrals remain protected even when those clients submit future deals without the broker's knowledge.
Q: What makes RCN Capital different from other fix and flip lenders?
A: RCN Capital combines specialized fix and flip financing, ARV-based lending, renovation financing, experience-based leverage, in-house lending expertise, dedicated support, and broker protection. This approach is designed to help real estate investors execute projects while giving brokers a lending partner that supports their long-term client relationships.