RCN Capital

Summary of all Guidelines
Loan Types	Bridge Loan, Construction Loan, DSCR Loan, Rehab Loan
Property Types	Multi Family, SFR
Lendding Area	NATIONWIDE
States Excluded	Alaska, Nevada, North Dakota, South Dakota
Loan amount Minimum	$50,000
Loan amount Maximum	$10,000,000
Interest Rate Minimum	6.25%
Interest Rate Maximum	11.5%
Points Minimum 1st TD	1
Points Maximum 1st TD	4
Terms	1 year, 1.5 years, 2 years, 30 years
Credit Score Min	650
Interest Only or Amortized	Interest Only, Amoritzed
Prepayment Penalty	6 months, 3 years, 4 years, 5 years
LTV Bridge	85
LTC Construction	90
Upfront Fees	Appraisal, Document Review, Underwriting
ARV Rehab & Construction	70
LTC Rehab	85
LTV Long Term Rental	80
Personal Guarantee /Recourse Required	Personal Guarantee Required / Recourse
Intended Occupancy	Vacant, Tenant
Percentage of Budget Financed - Rehab	100
LTC Percentage of Budget Financed	100

RCN Capital® is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, can be used for the purchase or refinance of non-owner occupied residential & commercial properties, financing of renovation project, and bridge funding. RCN Capital lends to real estate professionals, commercial contractors, developers & small business owners throughout the country.

RCN Capital is located in South Windsor, CT. They offer financing for Bridge Loans, Construction Loans, DSCR Loans and Rehab Loans. The property type they primarily lend against is Multi Family and SFR. Their minimum loan amount is $50,000. Their maximum loan amount is $10,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 1 year;1.5 years;2 years;30 years. Although rates can change they are typically lending at a minimum rate of 6.25%. Maximum interest rate of 11.5%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 4.

These descriptions are limited information and meant for general reference purposes.