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 Real Estate; Condos; Townhomes
LTV:
Purchase: The lesser of Up to 80% of the As-Is Value or Up to 80% 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 As-Is Property Value:
$75k for 1-4 Family, Condos, & Townhomes
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
Minimum FICO:
650
Rates:
Starting at 7.99%
Rent Coverage Ratio (Monthly Rent/Monthly Debt Service):
1.15
Buy-To-Rent Loan Program Typical Rates
New Investor
Owned 0 to 2 Investment Properties (Flips and/or Rentals) in the Last 3 Years
Intermediate Investor
Owned 3 to 9 Investment Properties (Flips and/or Rentals) in the Last 3 Years
Experienced Investor
Owned 10+ Investment
Properties (Flips and/or Rentals) in the Last 3 Years
PURCHASE, REFINANCE, & CASH-OUT
Starting at 8.75%
Starting at 8.49%
Starting at 7.99%
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
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