RCN Capital Review

Our Summary

A+ on Better Business Bureau

Efficient and transparent underwriting standards
Variety of loan programs for real estate investing
Interest rates starting at 5.55%

RCN Capital was founded in 2010 to provide direct hard money financing to real estate investors. As a private lender, RCN underwrites all approvals in house and can close in as few as 10 business days.

The company offers a range of short-term and longer-term financing options, including fix & flip, rental and multi-family with loan amounts ranging from $50K - $3M at interest rates as low as 8.25%. RCN provides transparent underwriting guidelines, with loan terms varying based on renovation experience and credit score. RCN does not charge any upfront fees during the pre-approval and approval process; however, borrowers are responsible for any third-party fees, such as appraisals.

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Loan Types Offered

Rental, Fix and Flip, Refinance

Property Types

Single Family, Multi Family, Commercial

Lending Areas

RCN accepts loan applications in every state except Alaska, Nevada, North Dakota, South Dakota, Minnesota and Vermont.

Loan Details

Fix & Flip

Loan Amount: $50,000 - $3,000,000
Loan to ARV: 75%
Purchase Price: 90%
Rehab Costs: 100%
Interest Rate: 8.25%+
Term: 12 months
FICO: 650
Experience required: No

Rental

Loan Amount: $50,000 - $2,000,000
Loan to Value: 75%
Interest Rate: 5.99%+
Points: 1.0+
Term: 24 months
FICO: 650

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Required Documentation / Criteria

Fix and Flip Loan Criteria:

Buy-to-Rent Loan Criteria: