DISCLAIMER: All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval.
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $424,100 with closing costs of $8,482. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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 11.29% to make sure your project is well-funded from start to finish.
Non-Owner Occupied Single-Family
Properties; Condos; Townhomes
$150k**
**As-Completed Value
12 – 24 Months
$100k* – $2M
*Based on Max Loan Amount
Starting at 11.29%
650
RCN Capital remains committed to your future investments with our Long-Term Rental loan program. This program offers a 30-year term and rates starting at 5.875% to ensure that our customers have true long-term financing options.
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
Purchase: Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance: Up to 80% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value
30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) &
Interest-Only Options Available
“As Is” Appraised Value Must Be $100k or Greater (Geographical Restrictions May Apply)
$55k – $2M
Starting at 5.875%
1.10
680
RCN Capital’s ARV Loan Program offers financing for up to 85% of the purchase price + 100% of renovation costs, not to exceed 70% of the after repair value.
Plus, RCN Capital only charges interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; 5+ Unit Apartments; Mixed-Use Properties
Up to 85% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 70% of the ARV
12 – 18 Months
$50k for Single-Family
$25k per Unit for 2-4 Family
$35k per Unit for Multi-Family (5+)/Mixed-Use
$50k – $7.5M for 1-4 Family, Condos, & Townhomes
$250k – $10M for Multi-Family (5+)/Mixed-Use
620
As Low As 10.24% (Interest Only Charged on Outstanding Balance)
N/A
RCN Capital offers short-term bridge financing, fix and flip financing, & long-term rental financing for 5+ unit apartments & mixed-use properties.
Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 70% of Square Footage)
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
12 – 18 Months (Extended Terms Available)
30-Years (Amortization Options Available)
Short-Term: $250k – $10M ($1M Max per unit)
Long-Term: $100k – $2M
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
Short-Term: 620 Minimum
Long-Term: 680 Minimum
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