Multi-Family Loans
Short-term & long-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, fix and flip financing, & long-term rental 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 70% of Square Footage)
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
Term:
12 – 18 Months (Extended Terms Available)
30-Years (Amortization Options Available)
Loan Amount:
Short-Term: $250k – $10M ($1M Max per unit)
Long-Term: $100k – $2M
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
FICO:
Short-Term: 620 Minimum
Long-Term: 680 Minimum
Long-Term
Purchase: Up to 67.5% of the As-Is Value
Refinance: Up to 67.5% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value
Loan Program Typical Leverage & Rates
Stabilized Bridge
MAXIMUM LOAN-TO-VALUE
Purchase
Up 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
Maximum AFTER-REPAIR VALUE
Maximum Loan-to-Value
Experienced Customer -(Completed 5+ Flips in the last 3 Years)
Light Rehab
Purchase
Refinance
Cash-Out
Up to 70% of the ARV
Up to 65% of the ARV
Up to 60% of the ARV
Up to 80% of Purchase Price + 100% of Rehab Costs
Up to 70% of As-Is Value + 100% of Rehab Costs
Up to 65% of As-Is Value + 100% of Rehab Costs
Heavy Rehab*
Purchase
Refinance
Cash-Out
Up to 65% of the ARV
Up to 60% of the ARV
Not Permitted
Up to 70% of the Purchase Price + 100% of Rehab Costs
Up to 65% of As-Is Value + 100% of Rehab Costs
Not Permitted
New Customer -(Completed < 3 Flips in the last 3 Years)
Light Rehab
Purchase
Up to 65% 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 65% of the ARV
Cash-Out
Up to 55% of the ARV
Maximum Loan-to-Value
Light Rehab
Purchase
Up to 80% of Purchase Price + 100% of Rehab Costs
Refinance
Up to 70% of As-Is Value + 100% of Rehab Costs
Cash-Out
Up to 60% of As-Is Value + 100% of Rehab Costs
Maximum AFTER-REPAIR VALUE
Heavy Rehab*
Purchase
Up to 65% of the ARV
Refinance
Not Permitted
Cash-Out
Not Permitted
Maximum Loan-To-Value
Heavy Rehab*
Purchase
Up to 70% of the Purchase Price + 100% of Rehab Costs
Refinance
Not Permitted
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 65% of the ARV
Maximum Loan-to-Value
Light Rehab
Purchase
Up to 70% of Purchase Price + 100% of Rehab Cost
*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.
Long-Term Rental
FICO | Maximum Loan-to-Value (LTV) | Maximum Loan-to-Cost (LTC) | |
---|---|---|---|
Purchase | 740+ | Up to 67.5% of the As-Is Value | Up to 67.5% Loan-to-Cost |
700 - 739 | Up to 60% 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 |
FICO | Maximum Loan-to-Value (LTV) | |
---|---|---|
Refinance | 740+ | Up to 67.5% 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 |
FICO | Maximum Loan-to-Value (LTV) | |
---|---|---|
Cash - Out | 740+ | Up to 65% of the As-Is Value |
700 - 739 | Up to 60% of the As-Is Value | |
680 - 699 | Up to 50% of the As-Is Value |
Recent Loans
Our Clients Do Some Amazing Work
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