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.
Single-Family Residential
New investor with RCN who has invested in over 70 properties was looking for the funds to renovate this 6-unit apartment building. RCN Capital was able to provide a loan at 66% of the After-Repair Value and 100% of the renovation costs. Once the project is complete the investor is anticipating a 25% Return-On-Investment.
Single-Family Residential
Investor is an experienced flipper who is looking to take on a new project. RCN Capital was able to provide a loan at 75% of the After-Repair Value with 100% of the renovation costs funded. Once the project is complete the investor is anticipating a 10% return on investment.
Single-Family Residential
Repeat investors with RCN were looking to pull cash-out of a property to renovate a new property as a fix and flip investment. The investors plan to spend $25k on minor renovations before listing the home for sale. Once the work is competed the investors are anticipating a 24% return on investment.
