Long-Term Rental Loans

Long 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 as a Rental Property?

RCN Capital is committing to your future investments with our Long-Term Rental loan program. This program offers a 30-year term and rates starting at 5.50% 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

Term:

30 Years

Property Values:

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

Loan Amount:

$75k – $5M

Rates

As low as 5.50%

Debt Service Coverage Ratio (DSCR):

1.00 or Greater

Minimum FICO:

620

Long-Term Rental Loan Program

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Moderate Credit

620-639 FICO

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Good Credit

640-679 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 80% of the As-Is Value or 80% of the Loan-to-Cost

REFINANCE

Up to 65% of the As-Is Value

Up to 70% of the As-Is Value

Up to 75% of the As-Is Value

CASH-OUT

Up to 60% of the As-Is Value

Up to 65% of the As-Is Value

Up to 70% 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.

Read More