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 10.25% 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:
$150k**
**As-Completed Value
Term:
12 – 24 Months
Loan Amount:
$100k* – $2M
*Based on Max Loan Amount
Rates:
Starting at 10.25%
Mininum FICO:
650
NEW CONSTRUCTION LOAN PROGRAM
ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS
| Tier 1: Completed 10 or More 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 80% 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 90% LTC |
| Tier 2: Completed At Least 10 Investment Real Estate Transactions That Include Renovation | ||||
|---|---|---|---|---|
 | 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 72.5% of the As-Is Value | N/A | Up to 70% ARV | Up to 85% LTC |
| Tier 3: Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab | ||||
|---|---|---|---|---|
 | 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 72.5% of the As-Is Value | Up to 65% ARV | Up to 85% LTC |
| Refinance | Up to 67.5% of the As-Is Value | N/A | Up to 65% ARV | Up to 85% LTC |
| Tier 4: New Customer | ||||
|---|---|---|---|---|
 | 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 82.5% LTC |
| Refinance | Up to 65% of the As-Is Value | N/A | 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.
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
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