Short-Term & Long-Term Financing for Real Estate Investments

Loan Programs

RCN Capital offers short-term and long-term financing options for real estate investors. Whether you are looking to fix & flip properties or hold properties for rental income, RCN has flexible options that are suited to your needs.

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.

Click on a program below to learn more information about the financing options available:

Fix & Flip Loans

RCN Capital’s ARV Loan Program offers financing for up to 85% of the purchase price + 100% of renovation costs for rehab projects, not to exceed 70% of the after-repair value.

Plus, RCN Capital only charges interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.

Loan Criteria

Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 70% of the ARV
Term:
12 – 18 Months
Minimum As-Is Property Value:
$50k for Single-Family
$25k per Unit for 2-4 Family
$35k per Unit for Multi-Family (5+)/Mixed-Use
Loan Amount:
$50k – $7.5M for 1-4 Family, Condos, & Townhomes
$250k – $10M for Multi-Family (5+)/Mixed-Use
Minimum FICO:
620
Rates:
As Low As 10.24% (Interest Only Charged on Outstanding Balance)
Pre-Payment Penalty:
N/A

ARV Loan Program Typical Leverages & Rates

NEW
INVESTOR

Completed up to 2 Flips
in the Last 3 Years


LTV
Up to 80% of Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 65% of the ARV
RATES
Starting at 10.99%

INTERMEDIATE
INVESTOR

Completed Between 3 & 5 Flips
in the Last 3 Years


LTV
Up to 85% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 70% of the ARV
RATES
Starting at 10.49%

EXPERIENCED
INVESTOR

Completed More Than 10 Flips
in the Last 3 Years
(720+ Minimum FICO)


LTV
Up to 90% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 70% of the ARV
RATES
Starting at 10.24%

Long-Term Rental Loans

RCN Capital remains committed to your future investments with our Long-Term Rental loan program. This program offers a 30-year term and rates starting at 6.99% to ensure that our customers have true long-term financing options.

Loan Criteria

Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
LTV:
Purchase:
Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance:
Up to 80% of the As-Is Value
Cash-Out:
Up to 75% of the As-Is Value
Amortization Options:
30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) & Interest-Only Options Available
Property Values:

“As Is” Appraised Value Must Be $100k or Greater

(Geographical Restrictions May Apply)

Loan Amount:
$55k – $2M
Debt Service Coverage Ratio (DSCR):
1.10
Minimum FICO:
660
Rates:
Starting at 6.99%

PURCHASE

FICO
MAXIMUM LOAN-TO-VALUE (LTV)
MAXIMUM LOAN-TO-COST (LTC)
740+
Up to 80% of the As-Is Value
Up to 80% Loan-to-Cost
700 - 739
Up to 80% of the As-Is Value
Up to 80% Loan-to-Cost
680 - 699
Up to 75% of the As-Is Value
Up to 75% Loan-to-Cost
660 - 679
Up to 60% of the As-Is Value
Up to 60% Loan-to-Cost

REFINANCE

FICO
MAXIMUM LOAN-TO-VALUE (LTV)
740+
Up to 80% of the As-Is Value
700 - 739
Up to 80% of the As-Is Value
680 - 699
Up to 75% of the As-Is Value

CASH-OUT

FICO
MAXIMUM LOAN-TO-VALUE (LTV)
740+
Up to 75% of the As-Is Value
700 - 739
Up to 75% of the As-Is Value
680 - 699
Up to 70% of the As-Is Value

Multi-Family Loans

RCN Capital offers short-term bridge financing, fix and flip financing, & long-term rental financing for 5+ unit apartments.

Loan Criteria

Collateral
Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 70% of Square Footage)
Term:
12 – 18 Months (Extended Terms Available)
Loan Amount:
Short-Term: $250k – $10M ($1M Max per unit)
FICO:
Short-Term: 620 Minimum
LTV:
Stabilized Bridge

Purchase: Up to 75% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value

Fix & Flip
Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 70% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 65% of the As-Is Value + 100% of Renovation Costs

PURCHASE

MAXIMUM LOAN-TO-VALUE (LTV)
Up to 75% of the As-Is Value

REFINANCE

MAXIMUM LOAN-TO-VALUE (LTV)
Up to 70% of the As-Is Value

CASH-OUT

MAXIMUM LOAN-TO-VALUE (LTV)
Up to 65% of the As-Is Value

PURCHASE

LIGHT REHAB

MAXIMUM LOAN-TO-VALUE
MAXIMUM AFTER-REPAIR VALUE
Up to 80% of Purchase Price
+ 100% of Rehab Costs
Up to 70% Loan-to-Cost

HEAVY REHAB*

MAXIMUM LOAN-TO-VALUE
MAXIMUM AFTER-REPAIR VALUE
Up to 70% of Purchase Price
+ 100% of Rehab Costs
Up to 65%
of the ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE
MAXIMUM AFTER-REPAIR VALUE
Up to 70% of Purchase Price
+ 100% of Rehab Costs
Up to 65%
of the ARV
MAXIMUM LOAN-TO-VALUE
MAXIMUM AFTER-REPAIR VALUE
Up to 65% of Purchase Price
+ 100% of Rehab Costs
Up to 60%
of the ARV

CASH-OUT

MAXIMUM LOAN-TO-VALUE
MAXIMUM AFTER-REPAIR VALUE
Up to 65% of Purchase Price
+ 100% of Rehab Costs
Up to 60%
of the ARV
MAXIMUM LOAN-TO-VALUE
MAXIMUM AFTER-REPAIR VALUE
Not Permitted
Not Permitted

*Rehab Budget is greater than 100% and less than 150% of the lower of “As Is” value (purchase and refinance) or purchase price (if a purchase), is a condo conversion, involves more than 20% expansion of the property of at least 750 square feet, or involves a change of use.

PURCHASE

LIGHT REHAB

MAXIMUM LOAN-TO-VALUE
MAXIMUM AFTER-REPAIR VALUE
Up to 70% of Purchase Price
+ 100% of Rehab Costs
Up to 65%
of the ARV

Loan Criteria

Collateral
Multi-Family Apartment Buildings (5-9 Units)
Term:
30-Years (Amortization Options Available)
Loan Amount:
$100k – $2M
FICO:

680 Minimum

LTV:

Stabilized Bridge
Purchase: Up to 70% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value

PURCHASE

FICO
MAXIMUM LOAN-TO-VALUE (LTV)
MAXIMUM LOAN-TO-COST (LTC)
740+
Up to 70% of the As-Is Value
Up to 70% Loan-to-Cost
700 - 739
Up to 70% of the As-Is Value
Up to 70% Loan-to-Cost
680 - 699
Up to 65% of the As-Is Value
Up to 65% Loan-to-Cost

REFINANCE

FICO
MAXIMUM LOAN-TO-VALUE (LTV)
740+
Up to 70% of the As-Is Value
700 - 739
Up to 70% of the As-Is Value
680 - 699
Up to 65% of the As-Is Value

CASH-OUT

FICO
MAXIMUM LOAN-TO-VALUE (LTV)
740+
Up to 65% of the As-Is Value
700 - 739
Up to 65% of the As-Is Value
680 - 699
Up to 60% of the As-Is Value

New Construction Loans

RCN Capital is able to provide financing to cover all of your ground-up construction needs. This program offers an 18-month term and rates starting at 10.99% to make sure your project is well-funded from start to finish.

Loan Criteria

Collateral
Non-Owner Occupied Single-Family
Properties; Condos; Townhomes
Term:
12 – 24 Months
Loan Amount:
$100k* – $2M
*Based on Max Loan Amount
Minimum Property Value:
$150k**
**As-Completed Value
Rates:
Starting at 10.99%
Minimum FICO:
650

New Construction
Loan Program Typical Leverages

ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS

TIER 1

Completed 10 or More Ground Up Construction Projects

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE
Maximum LOAN-TO-COST
Up to 75% of the As-Is Value
Up to 80% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE
TOTAL LOAN-TO-COST
Up to 75% ARV
Up to 90% LTC

REFINANCE

MAXIMUM LOAN-TO-VALUE
MAXIMUM LOAN-TO-COST
Up to 75% of the As-Is Value
N/A
MAXIMUM AFTER-REPAIR VALUE
TOTAL LOAN-TO-COST
Up to 75% ARV
Up to 90% LTC

TIER 2

Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE
Maximum LOAN-TO-COST
Up to 75% of the As-Is Value
Up to 75% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE
TOTAL LOAN-TO-COST
Up to 70% ARV
Up to 85% LTC

REFINANCE

MAXIMUM LOAN-TO-VALUE
MAXIMUM LOAN-TO-COST
Up to 72.5% of the As-Is Value
N/A
MAXIMUM AFTER-REPAIR VALUE
TOTAL LOAN-TO-COST
Up to 70% ARV
Up to 85% LTC

TIER 3

Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE
Maximum LOAN-TO-COST
Up to 70% of the As-Is Value
Up to 72.5% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE
TOTAL LOAN-TO-COST
Up to 65% ARV
Up to 85% LTC

REFINANCE

MAXIMUM LOAN-TO-VALUE
MAXIMUM LOAN-TO-COST
Up to 67.5% of the As-Is Value
N/A
MAXIMUM AFTER-REPAIR VALUE
TOTAL LOAN-TO-COST
Up to 65% ARV
Up to 85% LTC

TIER 4

New Customer

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE
Maximum LOAN-TO-COST
Up to 70% of the As-Is Value
Up to 70% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE
TOTAL LOAN-TO-COST
Up to 65% ARV
Up to 82.5% LTC

REFINANCE

MAXIMUM LOAN-TO-VALUE
MAXIMUM LOAN-TO-COST
Up to 65% of the As-Is Value
N/A
MAXIMUM AFTER-REPAIR VALUE
TOTAL LOAN-TO-COST
Up to 65% ARV
Up to 82.5% LTC

At least one borrower or guarantor must have the number of qualifying pieces of experience as dictated above or equivalent experience in the past three (3) years and at least one (1) year in the business of acquiring real estate for investment purposes or renovating real estate.

Investor Rental
Portfolio Loans

RCN Capital provides investors with the financing to build long term wealth with our Investor Rental Portfolio loan program. With flexible term lengths and low rates, our clients have everything they need to grow their real estate empire.

Loan Criteria

Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Multi-Family Apartment Buildings (5 – 9 Units)
Term:
3, 5, 7, & 10 Year
Amortization Options:
3 Year Term: 30Y Amort + 3Y Balloon, or 3Y IO + 3Y Balloon
5 Year Term: 30Y Amort + 5Y Balloon, or 5Y IO + 5Y Balloon
7 Year Term: 30Y Amort + 7Y Balloon, or 7Y IO + 7Y Balloon
10 Year Term: 30Y Amort + 10Y Balloon, or 10Y IO + 10Y Balloon
Minimum Loan Amount:
$55k per Individual Property
Maximum Loan Amount:
$1.5M per Individual Property
$20M Overall Portfolio
Minimum Property Value:

Individual Property Value:
1 Unit: $75k
2 – 4 Units: $100k
5 – 9 Units: $125k

Average Portfolio Value:
$100k

Credit Score:
680
Minimum Occupancy Rate:
90%*
*As Evaluated by Both Property Value and Unit Count
Minimum DSCR Requirement:
1.20

PURCHASE

FICO
MAXIMUM LOAN-TO-VALUE (LTV)**
MAXIMUM LOAN-TO-COST (LTC)**
720+
Up to 70% of the As-Is Value
Up to 70% Loan-to-Cost
700 - 719
Up to 65% of the As-Is Value
Up to 65% Loan-to-Cost
680 - 699
Up to 60% of the As-Is Value
Up to 60% Loan-to-Cost
**Loan Amount is the Lessor of (LTV/LTC)

REFINANCE

FICO
MAXIMUM LOAN-TO-VALUE (LTV)
720+
Up to 65% of the As-Is Value
700 - 719
Up to 60% of the As-Is Value
680 - 699
Up to 55% of the As-Is Value

CASH-OUT

FICO
MAXIMUM LOAN-TO-VALUE (LTV)
720+
Up to 65% of the As-Is Value
700 - 719
Up to 60% of the As-Is Value
680 - 699
Up to 55% of the As-Is Value

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