DSCR Equity Cash-Out Loan for Single-Family Rental in Beavercreek, Ohio

Funded by RCN Capital


Deal Details

Private Loan Type

Equity Cash Out

Approx. Funding Date


Property Type
Single Family Residence
Property City


Property State


Loan Term (months)


Payment Type

Interest Only

Property Value





30 years

Rate Type


Debt Service Coverage Ratio


Property Neighborhood


Location Type


Property Condition


Number of Units


Building Square Footage


Borrower's Plan

Continue Rental

Exit Strategy


Borrower Credit Rating


Interest Rate


Origination Points


Deal Highlights

Borrower is an experienced investor seeking to Cash-Out Refinance on the subject property.
Property is currently being used as a rental property hitting a minimum DSCR of 1.10.
Borrower has great credit and sufficient liquidity and is a repeat investor.

Deal Summary

RCN Capital, a national direct private lender, funded a $166,786 1st lien position equity cash-out loan secured by a single-family home in Beavercreek, Ohio, which is part of the Dayton metro area. The property value was estimated at $275,000 so our loan-to-value was 61%. An as-is and Collateral Desktop Analysis confirmed that the appraised value was acceptable. The house is currently leased for $1,825 per month which was below the market rate per the appraiser’s estimate of $1,950. The Sponsor on the loan had mid-scores of 778 and bank statements that reflected sufficient liquidity to close. The total loan amount was 60.6% LTV with a 1.10 DSCR. The subject property was in excellent condition. It is approximately 1,712 square feet. The Borrower plans to hold the property as a long-term rental. The interest rate was fixed at 6.9% and we charged 2.5% origination points. The loan term was set at 30 years. This DSCR equity cash-out loan was funded in June 2023. 

Funded By

RCN Capital

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


Patric Amar

Team Loan Officer

Patric Amar, Team Loan Officer, joined RCN Capital in January 2023. His main focus is to build new relationships with brokers and borrowers to work hand in hand to meet timelines and goals that are set. He has strong communication skills, and is efficient in his day to day tasks. Prior to working with RCN, Patric was a Mortgage Loan Processor for a company based in Los Angeles, where he became a Licensed Mortgage Loan Originator.