Real Estate Investing Loan Programs - RCN Capital

Loan Programs

REAL ESTATE INVESTING

Fix & Flip

After Repair Value (ARV)

RCN Capital’s ARV program offers financing for up to 90% of the purchase price + up to 100% of the renovation costs, not to exceed 75% of the after repair value. Prior real estate investing experience is preferred but this program is available to first time investors.

  • Basic Loan Criteria
  • Term12 Months
  • Loan Amount$50k to $2.5M+
  • LTV
    Up to 90% of the Purchase Price +
    100% of Renovation Costs
    Not to exceed 75% of the ARV
  • Property TypesNon-owner occupied 1-4 Family Residential Real Estate; Condos; Townhomes; Multi-Families (5+); Mixed-Use Properties
  • FICO600 minimum

Exposure Line of Credit

RCN Capital offers an exposure line with streamlined approval for the After-Repair Value Loan Program with guaranteed leverage and fixed rates. This product is available to investors with a portfolio of 10 or more flips per year.

  • Basic Loan Criteria
  • Term12 Month Revolving Investment Periods
  • Exposure Limit$1M – $10M
  • LTV
    Up to 90% Loan-to-Cost;
    Up to 80% of the As-Is Value;
    Not to Exceed 75% of the ARV
  • Property TypesNon-owner occupied 1-4 Family Residential Real Estate; Condos; Townhomes; Multi-Families (5+); Mixed-Use Properties
  • FICO660 minimum

Rental Financing

Buy-to-Rent Loans

RCN Capital's Buy-to-Rent loan program offers a 24-month term, with a 12-month extension available, ensuring that our customers have rental property financing that goes the distance. (An extension fee applies)

  • Basic Loan Criteria
  • Term24 Months (12-Month Extension Available)
  • Loan Amount$50k to $2.5M+
  • LTV
    Purchase – Lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
    Refinance – Up to 70% of the As-Is Value
    Cash-Out – Up to 65% of the As-Is Value
  • Property TypesNon-Owner Occupied 1-4 Family & Multi-Family Real Estate; Condos; Townhomes; 5+ Apartments; Mixed-Use Properties
  • FICO660 Minimum
  • Property Value”As-Is” Appraised Value Must Be Greater Than $75k
  • Rent Coverage Ratio1.25

Long-Term Rental Loans

RCN Capital is committing to your future investments with our Long-Term Rental loan program. This program offers a 30 year term and rates starting at 5.99% to ensure that our customers have true long-term financing options.

  • Basic Loan Criteria
  • Term30 Years
  • Loan Amount$75k to $1M
  • LTV
    Purchase – Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
    Refinance – Up to 75% of the As-Is Value
    Cash-Out – Up to 70% of the As-Is Value
  • Property TypesNon-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
  • FICO620 Minimum
  • Property Value”As-Is” Appraised Value Must Be Greater Than $100k
  • Property Debt-Service-Coverage Ratio (DSCR)1

Bridge Financing

Short-Term Bridge Financing

RCN Capital offers short-term bridge financing options for real estate investors for a multitude of non-owner occupied properties. Cross-collateralization options are available. A six-month extension is available for our 18-month bridge loan (a 2% fee will apply).

  • Basic Loan Criteria
  • Term12 Months & 18 Months
  • Loan Amount$50k to $2.5M+
  • LTV
    Up to 85% of the Purchase Price;
    Up to 70% Refinance;
    Up to 65% Cash-Out
  • Property Types1-4 Family & Multi-Family Non-Owner Occupied Real Estate; Condos; Townhomes; 5+ Unit Apartments; Mixed-Use Properties
  • FICO600 minimum