Buy-to-Rent Loans
Short-term financing for the purchase and refinance of non-owner occupied rental properties.
Looking to Purchase a Property to Hold for Rental Income?
RCN Capital’s Buy-to-Rent loan program offers a 24-month term, with a 12-month extension available, ensuring that our customers have rental property financing that goes the distance.
Loan Criteria
Collateral:
Non-Owner Occupied 1-4 Family & Multi-Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
LTV:
Purchase: The lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance: Up to 70% of the As Is Value
Cash-Out: Up to 65% of the As Is Value
Term:
24 Months (12 month extension available)
*(An extension fee applies)
Minimum Property Value:
$75k
Loan Amount:
$50k – $2.5M ($1M max per unit)
Minimum FICO:
660
Rates:
As low as 7.99%
Rent Coverage Ratio (Monthly Rent/Monthly Interest):
1.25
Buy-To-Rent Loan Program Typical Leverage & Rates
Moderate Credit
660-680 FICO
Good Credit
680-699 FICO
Excellent Credit
700+ FICO
PURCHASE
Lesser of Up to 65% of the As-Is Value or 65% of the Loan-to-Cost
Lesser of Up to 70% of the As-Is Value or 70% of the Loan-to-Cost
Lesser of Up to 75% of the As-Is Value or 75% of the Loan-to-Cost
REFINANCE
Up to 60% of the As-Is Value
Up to 65% of the As-Is Value
Up to 70% of the As-Is Value
CASH-OUT
Up to 55% of the As-Is Value
Up to 60% of the As-Is Value
Up to 65% of the As-Is Value
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
Recent Loans
Our Clients Do Some Amazing Work
Click on a Property to See Successfull Fix & Flip Projects.
Multi-Unit Residential
Borrower is an experienced real estate investor and landlord who is looking to pull cash-out of this multi-family home in
Multi-Unit Residential
The borrower is an experienced real estate investor who was looking to purchase this 16-unit apartment building and renovate 11
Single-Family Residential
Repeat borrowers and experienced investors were under contract to acquire the subject. RCN was able to provide a 12-month loan
