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 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 AMOUNTMAX LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Maximum
ARV
Total
Loan-To-Cost
PurchaseUp to 75% of
the As-Is Value
Up to 80% of
the As-Is Value
Up to 75% ARVUp to 90% LTC
RefinanceUp to 75% of
the As-Is Value
N/AUp to 75% ARVUp to 90% LTC
Tier 2: Completed At Least 10 Investment Real Estate Transactions That Include Renovation
INITIAL LOAN AMOUNTMAX LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Maximum
ARV
Total
Loan-To-Cost
PurchaseUp to 75% of
the As-Is Value
Up to 75% of
the As-Is Value
Up to 70% ARVUp to 85% LTC
RefinanceUp to 72.5% of
the As-Is Value
N/AUp to 70% ARVUp to 85% LTC
Tier 3: Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab
INITIAL LOAN AMOUNTMAX LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Maximum
ARV
Total
Loan-To-Cost
PurchaseUp to 70% of
the As-Is Value
Up to 72.5% of
the As-Is Value
Up to 65% ARVUp to 85% LTC
RefinanceUp to 67.5% of
the As-Is Value
N/AUp to 65% ARVUp to 85% LTC
Tier 4: New Customer
INITIAL LOAN AMOUNTMAX LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Maximum
ARV
Total
Loan-To-Cost
PurchaseUp to 70% of
the As-Is Value
Up to 70% of
the As-Is Value
Up to 65% ARVUp to 82.5% LTC
RefinanceUp to 65% of
the As-Is Value
N/AUp to 65% ARVUp 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.

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!