What types of financing does RCN Capital provide?

ARV-based fix and flip financing, short-term bridge loans, and long-term DSCR loans on non-owner-occupied single family and multifamily property, plus ground-up new construction programs and portfolio loan structures for experienced investors. Portfolio loans are handled through the company's Structured Finance Group.

What are the standard terms on the bridge program?

RCN lists 12 and 18 month terms, loan amounts of $75k to $3M, a minimum property value of $100k for 1-4 family and $75k per unit for 5+ unit multifamily, rates starting at 9.49%, LTV up to 80% of as-is value for a purchase, 75% for a refinance and 70% for cash-out, non-owner-occupied only, and a 650 minimum FICO.

Who handles servicing and draw requests?

Elite Commercial Servicing is RCN Capital's loan servicing provider. The company directs servicing questions, draw requests, payoff letters, billing statements and past-due accounts to Elite rather than to RCN, and lists a separate servicing phone number and email addresses for each of those requests.

Bridge lenders

RCN Capital

RCN Capital is a nationwide private, direct lender established in 2010 that provides retail and wholesale lending to real estate investors. Its programs cover short-term fix and flip financing, short-term bridge loans, long-term DSCR rental financing, ground-up new construction and portfolio loan structures for experienced investors, all on non-owner-occupied property.

Terms are published by program. Short-term bridge loans run 12 or 18 months from $75k to $3M, with rates starting at 9.49%, up to 80% of as-is value on a purchase, 75% on a refinance and 70% on a cash-out, a 650 minimum FICO, and eligible property types from 1-4 unit residential, condos and townhomes to 5+ unit apartments and mixed-use. The ARV program runs 12 months from $75k to $2M, funding up to 100% of purchase price plus up to 100% of renovation costs, not to exceed 75% of after-repair value, with a $100k minimum after-repair value, no pre-payment penalty and a 1% termination fee after month 9. Long-term rental loans are 30-year terms from $70k to $1.5M with rates starting at 5.25% and a 660 minimum FICO; the multifamily version covers 5 to 9 units from $150k to $1.5M starting at 6.25% with a 700 minimum FICO. New construction runs 12 to 24 months from $100k to $2M starting at 9.84%, with up to 90% total loan-to-cost. Leverage and pricing on flip programs step up with the number of flips completed.

The company lends both directly and through wholesale partners, with a Broker Referral Program and a Correspondent Lending Program, a free self-guided partner training platform, a document library, a glossary of investing terms and a rehab budget builder. Loan servicing, draws and payoffs are handled by Elite Commercial Servicing, and origination runs on BLN Software.

RCN Capital operates under NMLS #1045656 and is licensed in Arizona (#0932325), California (Finance Lenders Law #60DBO-46258), Minnesota (MN-MO-1045656) and Oregon (ML-5571). The site notes that loan programs and services may not be available in all states and that final terms vary with loan type, verification and other risk-based factors, so confirm availability in your state before you plan around a quote.

Best for

Investors buying, rehabbing, renting or building non-owner-occupied 1-4 unit, condo, townhome, small multifamily or mixed-use property who can clear a 650 minimum FICO, plus brokers looking for a wholesale partner.

What they do

Fix and flip (ARV) loans
Short-term bridge loans
Long-term DSCR rental loans
Multifamily rental loans for 5+ unit properties
Ground-up new construction loans
Portfolio and structured finance loans
Broker referral program
Correspondent lending program

Details

Attribute	Value
Founded	2010
Licenses	NMLS #1045656, Arizona License #0932325, California Finance Lenders Law license #60DBO-46258, Minnesota MN-MO-1045656, Oregon ML-5571
How they charge	Rates start at 9.49% on bridge and ARV loans, 5.25% on 30-year rental loans and 9.84% on new construction; leverage and pricing vary with borrower experience.

What stands out

Established in 2010 as a nationwide private, direct lender to real estate investors.
Bridge loans run $75k to $3M over 12 or 18 months, with rates starting at 9.49% and a 650 minimum FICO.
The ARV program funds up to 100% of purchase price plus up to 100% of renovation cost, not to exceed 75% of after-repair value.
Long-term rental loans are 30-year terms from $70k to $1.5M with rates starting at 5.25%.
Operates under NMLS #1045656 with licences in Arizona (#0932325), California (#60DBO-46258), Minnesota (MN-MO-1045656) and Oregon (ML-5571).

Common questions

What types of financing does RCN Capital provide?: ARV-based fix and flip financing, short-term bridge loans, and long-term DSCR loans on non-owner-occupied single family and multifamily property, plus ground-up new construction programs and portfolio loan structures for experienced investors. Portfolio loans are handled through the company's Structured Finance Group.
What are the standard terms on the bridge program?: RCN lists 12 and 18 month terms, loan amounts of $75k to $3M, a minimum property value of $100k for 1-4 family and $75k per unit for 5+ unit multifamily, rates starting at 9.49%, LTV up to 80% of as-is value for a purchase, 75% for a refinance and 70% for cash-out, non-owner-occupied only, and a 650 minimum FICO.
Who handles servicing and draw requests?: Elite Commercial Servicing is RCN Capital's loan servicing provider. The company directs servicing questions, draw requests, payoff letters, billing statements and past-due accounts to Elite rather than to RCN, and lists a separate servicing phone number and email addresses for each of those requests.