RCN Capital

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 90% 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 75% of the ARV (max 70% for new investors)
• Term: 12 Months (6-Month Extension Available)
• 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 – $2M for 1-4 Family, Condos, & Townhomes
  • $250k – $5M for Multi-Family (5+)/Mixed-Use
• Minimum FICO Score: 620
• Interest Rates: As Low As 7.49% 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%
  • 20% cash down payment required for purchase
• Intermediate Investor: Completed Between 3 & 10 Flips or Owned Between 3 & 15 Rentals in the Last 3 Years
  • Interest Rates Starting at 8.35%
  • 10% cash down payment required for purchase
• Experienced Investor: Owned 10 or More Investment Properties (Flips and/or Rentals) in the Last 3 Years
  • Interest Rates Starting at 7.49%
  • 10% 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 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
• 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: 620
• Interest Rates: As Low As 7.49% for very experienced investors
• Rent Coverage Ratio (Monthly Rent/Monthly Debt Service): 1.15

BUY-TO-RENT LOAN PROGRAM TYPICAL LEVERAGE

New Investor 0-2 Experience

• Purchase: Lesser of Up to 75% of the As-Is Value or 80% of the Loan-to-Cost
• Refinance: Up to 70% of the As-Is Value
• Cash-Out: Up to 65% of the As-Is Value

Intermediate Investor 3-10 Experience

• Purchase: Lesser of Up to 75% of the As-Is Value or 80% of the Loan-to-Cost
• Refinance: Up to 70% of the As-Is Value
• Cash-Out: Up to 65% of the As-Is Value

Experienced Investor 10+ Experience

• Purchase: Lesser of Up to 80% of the As-Is Value or 80% of the Loan-to-Cost
• Refinance: Up to 75% of the As-Is Value
• Cash-Out: Up to 70% 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 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 80% 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 – $2M
• Minimum FICO Score: 620
• Interest Rates: Starting at 3.49%
• Debt Service Coverage Ratio (DSCR):
  • For Property Values < $150k: 1.1 or Greater
  • For Property Values $150k+: 1.1 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 80% of the As is Value
  • Refinance: Up to 75% of the As is Value
  • Cash-Out: Up to 65% of the As-Is Value
• Fix & Flip – Light Rehab only
  
  • Purchase: Up to 85% of the Purchase Price + 100% of Renovation Costs
  • Refinance: Up to 75% of the As-Is Value + 100% of Renovation Costs
  • Cash-Out: Up to 65% 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.