DSCR Equity Cash-Out Loan for Triplex in Medford, Oregon

Funded by RCN Capital


Deal Details

Private Loan Type

Equity Cash Out

Approx. Funding Date


Property Type
2-4 Units Residential
Property City


Property State


Loan Term (months)


Lien Type

1st Trust Deed

Payment Type


Property Value


Previous Loan Balance





30 years

Rate Type


Debt Service Coverage Ratio


Property Neighborhood


Location Type


Occupancy at Closing


Number of Units


Building Square Footage


Borrower's Plan

Continue Rental

Interest Rate


Deal Highlights

Borrower is an experienced investor seeking cash out funds to pay off existing debt.
Subject is 3-unit property currently leased for $3,950 per month which is equal to market rates.
Borrower intends to hold the property as a rental after loan closes.

Deal Summary

RCN Capital, a national direct private lender, funded a $348,750 1st lien position equity cash-out loan secured by a triplex in Medford, OR. The property value was estimated at $465,000 As-Is and a Collateral Desktop Analysis was ordered to confirm the value was acceptable. The total loan amount was 75% LTV with a 1.24 DSCR. We paid off a previous mortgage balance of $242,148. The subject property is currently leased for $3,950 per month which is equal to the market rates per the appraiser’s estimate ($3,950). It is approximately 2,208 square feet and was tenant-occupied at closing. The Borrower had excellent credit with a mid-score of 766; Bank statements reflected solid liquidity which was sufficient to meet the reserve requirement. They plan to hold the property long-term. The interest rate was fixed at 8.3% with amortized payments. The loan term was set at  30 years. This DSCR equity cash-out loan was funded in April 2023.

Funded By

RCN Capital

Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans


Peter Rusconi

Team Loan Officer Lead

Peter Rusconi, Team Loan Officer Lead, develops working relationships with brokers and borrowers to ensure their professional goals are met. By using unparalleled attention to detail, tenacity, and superior customer service he manages loans through the origination and underwriting processes. Peter joins RCN Capital in the summer of 2019 after graduating from the University of Connecticut with a B.S. in Finance and a minor in Real Estate.

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