New Construction Loans

Short-term financing for new construction projects.

Looking for Funding for a New Construction Project?

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 8.25% to make sure your project is well-funded from start to finish.

Loan Criteria

Collateral:

Non-Owner Occupied Single-Family
Properties; Condos; Townhomes

Minimum Property Value:

$100k**
**As-Completed Value

Term:

18 Months

Loan Amount:

$50k* – $3M
*Funded loan amount at loan acquisition

Rates:

Starting at 8.25%

Mininum FICO:

680

NEW CONSTRUCTION LOAN PROGRAM
ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS

Tier 1: Completed 10+ Ground Up Construction Projects
INITIAL LOAN AMOUNT MAX LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Maximum
ARV
Total
Loan-To-Cost
Purchase Up to 75% of
the As-Is Value
Up to 75% of
the As-Is Value
Up to 75% ARV Up to 90% LTC
Refinance Up to 75% of
the As-Is Value
N/A Up to 75% ARV Up to 85% LTC
Tier 2: Completed Between 7 and 9 Ground Up Construction Projects
INITIAL LOAN AMOUNT MAX LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Maximum
ARV
Total
Loan-To-Cost
Purchase Up to 75% of
the As-Is Value
Up to 75% of
the As-Is Value
Up to 70% ARV Up to 85% LTC
Refinance Up to 60% of
the As-Is Value
N/A Up to 70% ARV Up to 85% LTC
Tier 3: Completed Between 4 and 6 Ground Up Construction Projects
INITIAL LOAN AMOUNT MAX LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Maximum
ARV
Total
Loan-To-Cost
Purchase Up to 70% of
the As-Is Value
Up to 70% of
the As-Is Value
Up to 65% ARV Up to 80% LTC
Refinance Up to 60% of
the As-Is Value
N/A Up to 65% ARV Up to 80% LTC
Tier 4: Completed Between 1 and 3 Ground Up Construction Projects
INITIAL LOAN AMOUNT MAX LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Maximum
ARV
Total
Loan-To-Cost
Purchase Up to 70% of
the As-Is Value
Up to 70% of
the As-Is Value
Up to 65% ARV Up to 80% LTC
Refinance Up to 60% of
the As-Is Value
N/A Up to 65% ARV Up to 80% 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.

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!