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National Direct Private Lender for Real Estate Investors
RCN Capital® is a nationwide, direct private lender. Established in 2010, we provide short-term and long-term hard money loans to real estate investors. As a direct private lender, RCN Capital takes a common sense approach to underwriting, with all approvals made in-house, and we are dedicated to providing a quick response to time-sensitive loans. We offer speed unmatched by conventional lenders and can close in as few as 10 business days.
Please note: We do not offer loans for land, ground-up construction or owner-occupied homes.
Property Geographic Area Details
Nationwide except 7 states: AK, MN, ND, SD, VT, NV. We consider urban and suburban areas only.
Loan Amounts
$50,000 to $3,000,000
Interest Rates
7% to 12%
Max Loan-To-Value
65.00%
Max Loan-To-Cost
75.00%
Origination Fees
2% to 5%
Loan Terms
12 months to 360 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Use Equity to Invest in Another Property
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Condominium
- Mixed-Use
- Multifamily
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Long-Term Rental
Specialty Loan Types
- Condo Conversion
- Residential Long-Term Rental
Purchase Loan
Max Loan-To-Purchase Price
75.00%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
3Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100.00%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
5Maximum After Repair Value
65.00%Residential Long-Term Rental
Minimum Loan Amount
$75,000Maximum Loan Amount
$1,000,000Minimum Interest Rate
7.00%Maximum Interest Rate
9%Minimum Origination Fee
3%Maximum Origination Fee
4%Minimum Loan Term
360 monthsMaximum Loan Term
360 monthsMaximum Loan-To-Value
75.00%Maximum Loan-To-Purchase
80.00%Minimum Debt Service Coverage Ratio
1.25Will Lend on a Portfolio of Rentals
NoMinimum Property Value
$100,000Maximum Property Value
$2,000,000Details and Requirements
Typical Closing Time (Days)
15Fastest Closing Time (Days)
10Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
- Interest Reserve
Payment Structure Details
There are no prepayment penalties on our fix and flip programs. Only on 18 month bridge, Buy to Rent, and Long Term Rental.Pre Payment Penalty
yes
There are no prepayments on our fix and flip programs. Our programs longer than 18 months do have prepayment penalties. For our 18 month bridge, there is a prepayment penalty before month 9. For our 24-36 month Buy to Rent Program, there is a prepayment penalty before month 6. For our 30 year Long Term Rental Program, there is a step down prepayment penalty.Will lend to a foreign national
yes
We will lend to foreign nationals at reduced LTV.Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- LLC
- Trust
- Corporation
Documentation Required
- Credit Report
- Bank Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
650Credit Check Description
Our 12 month bridge, 18 month bridge, and ARV program and Buy to Rent program all have minimum credit scores of 650. Our Long Term Rental has minimum credit scores of 680.Appraisal Required for Residential Property
Always Before FundingAppraisal Required for Commercial Property
Always Before FundingBroker Price Opinion (BPO) Accepted for Residential Property
NeverBroker Price Opinion (BPO) Accepted for Commercial Property
NeverFees
Deposit Required
$0 to $0
6 months interest reserve on purchase 12 months interest reserve on refinances
Legal Fee
$995 legal fee due at closing on all loans NY: $995+.25% of total loan amount
Inspection Fee
$200 inspection fee per draw request. This amount is NOT paid out of pocket; it is taken out of the renovation budget.
Credit Report Fee
$25 is charged for RCN to pull a credit report
Background Check Fee
$25 for a background check
Extension Fee
Our Buy to Rent Program has an extension fee for months 25-36 of 1%.
Appraisal Fee
Cost of ordering an appraisal. If there is renovation, it will be an appraisal of both as-is and after repair value. Usually in the range of $600-1500, buy may be higher, especially for larger multi-family or mixed use properties
Renovation Construction Draw Fee
$200 inspection fee per draw request. This amount is NOT paid out of pocket; it is taken out of the renovation budget.
Fees which are mandatory for all new borrower clients
- Deposit
- Legal Fee
- Appraisal Fee
- Credit Report Fee
- Background Check Fee
- Renovation or Construction Funds Draw Fee
Fees which are charged upfront prior to loan closing
- Deposit
- Appraisal Fee
- Credit Report Fee
- Environmental Report Fee
Fees which are paid to a third party company
- Appraisal Fee
- Credit Report Fee
- Background Check Fee
Legal Disclaimer
RCN Capital, LLC is licensed as a California Finance Lender under Department of Business Oversight license number 60DBO-46258. Arizona Mortgage Banker License BK-0932325. Oregon Mortgage Lending License: ML-5571. NMLS Company ID: 1045656.
Fix & Flip Projects / ARV Loans
Short-term financing for the purchase & rehab of non-owner occupied properties.
- 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
- Investors with less experience will need to contribute more to the purchase
- LTARV: Not to Exceed 70% of the ARV (max 65% for new investors)
- Term: 12 Months (6-Month Extension Available)
- Minimum As-Is Property Value:
- $60k for Single-Family
- $40k per Unit for 2-4 Family
- $40k per Unit for Multi-Family (5+)/Mixed-Use
- Loan Amount:
- $50k – $2M for 1-4 Family, Condos, & Townhomes
- $250k – $3M for Multi-Family (5+)/Mixed-Use
- Minimum FICO Score: 650
- Interest Rates: As Low As 8.75% for very experienced investors
- (Interest Only Charged on Outstanding Balance)
- Pre-Payment Penalty: N/A
INVESTOR EXPERIENCE LEVELS
- New Investor: Completed up to 2 Flips or Owned up to 2 Rentals in the last 3 years
- Interest Rates Starting at 10.49%
- 30% cash down payment required for purchase
- Intermediate Investor: Completed Between 3 & 15 Flips or Owned Between 3 & 15 Rentals in the Last 3 Years
- Interest Rates Starting at 9.49%
- 25% cash down payment required for purchase
- Experienced Investor: Owned 15 or More Investment Properties (Flips and/or Rentals) in the Last 3 Years
- Interest Rates Starting at 8.75%
- 15% cash down payment required for purchase
Buy-to-Rent Loans
Short-term financing for the purchase and refinance of non-owner occupied rental properties.
- Collateral: Non-Owner Occupied 1-4 Family & Multi-Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
- LTV:
- Purchase: The 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 60% of the As Is Value
- Term: 24 Months (12 month extension available with additional fee)
- Minimum As-Is Property Value:
- $75k for Single-Family
- $50k per Unit for 2-4 Family
- $50k per Unit for Multi-Family (5+)/Mixed-Use
- Loan Amount:
- $50k – $2M for 1-4 Family, Condos, & Townhomes
- $250k – $3M for Multi-Family (5+)/Mixed-Use
- Minimum FICO Score: 650
- Interest Rates: As Low As 8.75% for very experienced investors
- Rent Coverage Ratio (Monthly Rent/Monthly Debt Service): 1.15
BUY-TO-RENT LOAN PROGRAM TYPICAL LEVERAGE
Moderate Credit 650-679 FICO
- Purchase: Lesser of Up to 65% of the As-Is Value or 65% of the Loan-to-Cost
- Refinance: Up to 60% of the As-Is Value
- Cash-Out: Up to 55% of the As-Is Value
Good Credit 680-699 FICO
- Purchase: Lesser of Up to 70% of the As-Is Value or 70% of the Loan-to-Cost
- Refinance: Up to 65% of the As-Is Value
- Cash-Out: Up to 60% of the As-Is Value
Excellent Credit 700+ FICO
- Purchase: Lesser of Up to 75% of the As-Is Value or 75% of the Loan-to-Cost
- Refinance: Up to 70% of the As-Is Value
- Cash-Out: Up to 60% of the As-Is Value
Long-Term Rental Loans
Long term financing for the purchase and refinance of non-owner occupied rental properties.
- Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
- LTV:
- Purchase: Lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
- Refinance: Up to 75% of the As Is Value
- Cash-Out: Up to 70% of the As Is Value
- Term: 30 Years
- Property Values: “As Is” Appraised Value Must Be $100k or Greater (Geographical Restrictions May Apply)
- Loan Amount: $55k – $1M
- Minimum FICO Score: 680
- Interest Rates: Starting at 6.25%
- Debt Service Coverage Ratio (DSCR):
- For Property Values < $150k: 1.33 or Greater
- For Property Values $150k+: 1.25 or Greater
Mulit-Family Loans
Short-term financing for 5+ unit apartments and mixed-use properties.
- Collateral: Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 50% of Square Footage)
- LTV: Stabilized Bridge
- Purchase: Up to 65% of the As is Value
- Refinance: Up to 60% of the As is Value
- Cash-Out: Up to 55% of the As-Is Value
- Fix & Flip – Light Rehab only
- Purchase: Up to 70% of the Purchase Price + 100% of Renovation Costs
- Refinance: Up to 60% of the As-Is Value + 100% of Renovation Costs
- Cash-Out: Up to 55% of the As-Is Value + 100% of Renovation Costs
- Term: 12 Months (6-Month Extension Available)
- Minimum Property Value: $50k per Door (Subject to Increase Based on Location)
- Loan Amount: $250k – $3M ($1M Max per unit)
- Minimum FICO Score: 650
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
RCN Capital® is a nationwide, direct private lender. Established in 2010, we provide short-term and long-term hard money loans ranging from $50K to $2.5M+ to fund the purchase of non-owner occupied residential and commercial properties, provide bridge loans, and finance real estate-backed lines of credit. RCN Capital lends to real estate investors, commercial contractors, developers and small business owners throughout the country, regardless of level of experience. As a direct private lender, RCN Capital takes a common sense approach to underwriting, with all approvals made in-house, and we are dedicated to providing a quick response to time-sensitive loans. We offer speed unmatched by conventional lenders and can close in as few as 10 business days.
License
NMLS ID 1045656, CFL 60DBO-46258, Arizona BK-0932325, Oregon ML-5571
Company Size (Number of Employees)
64
Year Established
2010
Associations
- American Association of Private Lenders
- Asian Real Estate Association of America
- National Association of Mortgage Brokers
- National Alliance of Commercial Loan Brokers
- Asian Real Estate Association of America
Office Locations
75 Gerber Road East, South Windsor, Connecticut 06074Primary Capital Source
- Own Funds
Loan Structure for Majority of Loans
- Own Balance Sheet
Percentage of company’s lending business focused on private mortgage
95%
Percentage of Loans Secured by Commercial Property
5%
Percentage of Loans Secured by Residential Property
95%
Percentage of Residential Property Loans Which are Fix and Flip
90%
Percentage of Residential Property Loans Which are Buy and Hold
10%
Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)
5%
Total Number of Loans Funded to Date
3800
Total Loan Volume Funded to Date
$800,000,000
2017 Number of Loans Funded
800
2017 Loan Volume Funded
$170,000,000
2018 Number of Loans Funded
1,070
2018 Loan Volume Funded
$267,000,000

Stephen Ballard
Senior Business Development Coordinator
Stephen Ballard, Senior Business Development Coordinator, specializes in building and maintaining customer relationships, finding and expanding business partnerships, and educating potential clients on RCN Capital’s diverse product line. Joining the company in the summer of 2017, Stephen’s mission is to expand RCN’s saturation in local and national markets. Stephen graduated from the University of Connecticut Business School, with a degree in Finance.

Natasha Nikulina
Business Development Coordinator
Natasha Nikulina, Business Development Coordinator, is committed to building and maintaining customer relationships, as well as educating potential clients on RCN Capital’s diverse product line. Joining the company in the summer of 2018, Natasha’s mission is to create open communication that benefits both the company and its clients. Her previous customer service experience will be used extensively at RCN Capital to assist clients with their needs. Natasha graduated from the University of Massachusetts Amherst, with an honors degree in Marketing.
Completed Transactions
RCN Capital
Austin, TX
$268,719
Residential Long-Term Rental
RCN Capital
Columbus, OH
$151,500
Residential Long-Term Rental
RCN Capital
Haiku, HI
$997,286
Residential Fix and Flip
RCN Capital
Los Angeles, CA
$1,402,000
Residential Rehab
RCN Capital
Century, FL
$115,500
Residential Fix and Flip
RCN Capital
Atlanta, GA
$190,000
Equity Cash Out
RCN Capital
Briarcliff Manor, NY
$307,500
Residential Fix and Flip
RCN Capital
Coyle, OK
$90,000
Residential Fix and Flip
RCN Capital
Bluffton, SC
$95,000
Equity Cash Out
RCN Capital
Anchorage, AK
$156,000
Residential Fix and Flip
RCN Capital
Wailuku, HI
$490,000
Residential Fix and Flip
Our Minimum Loan Amount Is
$50,000
What We Do
- Residential & Multifamily Properties Only
- 15%+ Cash Required for Flip Purchase
- 25%+ Cash Required for Rental Purchase
- Short-Term and Long-Term Financing
- 650+ FICO Score Required
Not Available
- NO 100% Financing
- NO Junior Liens or Gap Funding
- NO Owner-Occupied Homes
- NO Land Loans
- NO Ground-Up Construction
Loan Request
Our Minimum Loan Amount Is
$50,000
What We Do
- Residential & Multifamily Properties Only
- 15%+ Cash Required for Flip Purchase
- 25%+ Cash Required for Rental Purchase
- Short-Term and Long-Term Financing
- 650+ FICO Score Required
Not Available
- NO 100% Financing
- NO Junior Liens or Gap Funding
- NO Owner-Occupied Homes
- NO Land Loans
- NO Ground-Up Construction