Investment Loan Programs

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.

NEW CONSTRUCTION

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 11.29% 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 11.29%

Minimum FICO:

650

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RENTAL FINANCING

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.

LOAN CRITERIA

Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

LTV:

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

Amortization Options:

30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) &
Interest-Only Options Available

Property Values:

“As Is” Appraised Value Must Be $100k or Greater (Geographical Restrictions May Apply)

Loan Amount:

$55k – $2M

Rates

Starting at 5.875%

Debt Service Coverage Ratio (DSCR):

1.10

Minimum FICO:

680

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FIX AND FLIP

Looking for Funding For Your Next Fix & Flip Project?

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.

LOAN CRITERIA

Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; 5+ Unit Apartments; Mixed-Use Properties

LTV:

Up to 85% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 70% of the ARV

Term:

12 – 18 Months

Minimum As-Is Property Value:

$50k for Single-Family
$25k per Unit for 2-4 Family
$35k per Unit for Multi-Family (5+)/Mixed-Use

Loan Amount:

$50k – $7.5M for 1-4 Family, Condos, & Townhomes
$250k – $10M for Multi-Family (5+)/Mixed-Use


Minimum FICO:

620

Rates

As Low As 10.24% (Interest Only Charged on Outstanding Balance)

Pre-Payment Penalty:

N/A

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MULTI-FAMILY

Looking for Financing Specifically for Multi-Family & Mixed-Use Properties?

RCN Capital offers short-term bridge financing, fix and flip financing, & long-term rental financing for 5+ unit apartments & mixed-use properties.

LOAN CRITERIA

Collateral:

Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 70% of Square Footage)

LTV:

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

Term:

12 – 18 Months (Extended Terms Available)
30-Years (Amortization Options Available)

Loan Amount:

Short-Term: $250k – $10M ($1M Max per unit)
Long-Term: $100k – $2M

Fix & Flip

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

FICO:

Short-Term: 620 Minimum
Long-Term: 680 Minimum

Long-Term

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

Apply Now