Buy-to-Rent Loans

Short-term financing for the purchase and refinance of non-owner occupied rental properties.

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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

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Moderate Credit

660-680 FICO

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Good Credit

680-699 FICO

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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.

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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.

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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.

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