RCN Capital

Phone: 860-533-4049

Address: 75 Gerber Rd East South Windsor, CT 06074

Website: http://www.rcncapital.com

States They Lend in: Nationwide except AZ, CA, and VT

 

Background

 

As a direct, private lender, RCN Capital takes a common sense approach to underwriting, with all approvals made in-house. We are dedicated to providing quick responses to time-sensitive loans, often times with the ability to close in as few as 10 business days. At RCN Capital, we value referrals and our brokers are protected. We are committed to the highest level of customer service, because our success lies in building relationships.

 

Obtain financing for:

Up to 85% of the purchase price

Up to 100% of the renovation costs*

With rates starting 

as low as 8.99%!

*Not to exceed 75% of the After Repair Value

 

• Have $90M to lend. Currently have $45M out on projects across the CEO's money. CEO owns competitor to StubHub and all those profits become hard money.
• Lending Requirements
•  $100,000 minimum
•  No CA, VT, AZ
• Order the appraisal
• 20% down required
• Draws are typically done with additional lines of credit set up.

 

Residential Fix & Flip

 

Rehab Cash Now

 

Rehab Cash Now®, RCN Capital’s flagship loan program, provides short-term funding for the acquisition of non-owner occupied 1-4 family residential properties. Cross-collateralization options are available for this program.

 

Basic Loan Criteria

 

• Term: 12 Months
• Loan Amount: $50k to $2.5M+
• LTV: Up to 80% of the purchase price;
  Up to 65% Refinance;
  Up to 50% Cash-Out
• Property Types: Non-owner occupied 1-4 family residential
• FICO: No set minimum

 

After Repair Value (ARV)

 

RCN Capital’s ARV program offers financing for up to 80% of the purchase price + up to 100% of the renovation costs, not to exceed 65% of the after repair value. Prior real estate investing experience is required to qualify for this product.

 

Basic Loan Criteria

 

• Term: 12 Months
• Loan Amount: $75k to $2.5M+
• LTV: Up to 80% of the purchase price +
  up to 100% of renovation costs;
  Not to exceed 65% of the ARV
• Property Types: Non-owner occupied 1-4 family residential
• FICO: 600 minimum