Multi-Family Loans

Short-term financing for 5+ unit
apartments and mixed-use properties.

Looking for Financing Specifically for Multi-Family & Mixed-Use Properties?

RCN Capital offers short-term bridge financing as well as fix and flip financing for 5+ unit apartments & mixed-use properties.

Loan Criteria

Collateral:

Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 50% of Square Footage)

LTV:

Stabilized Bridge
Purchase: Up to 75% of the As is Value
Refinance: Up to 72.5% of the As is Value
Cash-Out: Up to 70% of the As-Is Value

Term:

12 Months (6-Month Extension Available)

Loan Amount:

$250k – $5M ($1M Max per unit)

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 67.5 of the As-Is Value + 100% of Renovation Costs

Minimum Property Value:

$40k per Door
(Subject to Increase Based on Location)

FICO:

600 Minimum

ARV Loan Program Typical Leverage & Rates

Stabilized Bridge

MAXIMUM LOAN-TO-VALUE

Purchase

Up 75% of the As-Is Value

Refinance

Up to 72.5% of the As-Is Value

Cash-Out

Up to 70% of the As-Is Value

Fix & Flip

Maximum AFTER-REPAIR VALUE

Maximum Loan-to-Value

Experienced Customer - (Completed 3+ Flips or Owned 3+ Rentals in the last 3 Years)

Light Rehab

Purchase

Refinance

Cash-Out

Up to 70% of the ARV

Up to 67.5 of the ARV

Up to 65% of the ARV

Up to 80% of Purchase Price + 100% of Rehab Cost​

Up to 70% of As-Is Value + 100% of Rehab Cost​

Up to 67.5% of As-Is Value + 100% of Rehab Cost​

Heavy Rehab*

Purchase

Refinance

Cash-Out

Up to 65% of the ARV

Up to 62.5% of the ARV

Not Permitted

Up to 75% of As-Is Value + 100% of Rehab Cost​

Up to 67.5% of As-Is Value + 100% of Rehab Cost​

Not Permitted

New Customer - (Completed < 3 Flips or Owned < 3 Rentals in the last 3 Years)

Light Rehab

Purchase

Up to 60% of the ARV

Up to 70% of Purchase Price + 100% of Rehab Cost

Experienced Customer - (Completed 3+ Flips or Owned 3+ Rentals in the last 3 Years)

Maximum AFTER-REPAIR VALUE

Light Rehab

Purchase

Up to 70% of the ARV

Refinance

Up to 67.5 of the ARV

Cash-Out

Up to 65% of the ARV

Maximum Loan-to-Value

Light Rehab

Purchase

Up to 80% of Purchase Price + 100% of Rehab Cost​

Refinance

Up to 70% of As-Is Value + 100% of Rehab Cost​

Cash-Out

Up to 67.5% of As-Is Value + 100% of Rehab Cost​

Maximum AFTER-REPAIR VALUE

Heavy Rehab*

Purchase

Up to 65% of the ARV

Refinance

Up to 62.5% of the ARV

Cash-Out

Not Permitted

Maximum Loan-To-Value

Heavy Rehab*

Purchase

Up to 75% of As-Is Value + 100% of Rehab Cost​

Refinance

Up to 67.5% of As-Is Value + 100% of Rehab Cost​

Cash-Out

Not Permitted

New Customer - (Completed < 3 Flips or Owned < 3 Rentals in the last 3 Years)

Maximum AFTER-REPAIR VALUE

Light Rehab

Purchase

Up to 60% of the ARV

Maximum Loan-to-Value

Light Rehab

Purchase

Up to 70% of Purchase Price + 100% of Rehab Cost

*Rehab Budget is great than or equal to 100% of “As Is” Value (for purchase & refinance) or purchase price (of a purchase), involves more than a 20% expansion of the property of at least 750 sq ft, or involves a change of use.

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.

Chat with the RCN Capital Sales Team!