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RCN Capital

RCN Capital

RCN Capital is a leading nationwide private lender specializing in fast, reliable fix-and-flip bridge loans, ground-up construction financing, and DSCR rental loans for real estate investors across 44 states.
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RCN Capital

75 Gerber Road East, Suite 102, South Windsor, CT 06074
860-432-5858
info@rcncapital.com
Website

Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$9.2B+
Capital Deployed
41,500+
Properties Funded
2010
Year Founded
RCN Capital is a nationwide private direct lender founded in 2010 and headquartered in South Windsor, Connecticut - one of the largest and most active hard money lenders in the country with over 41,500 loans funded and $9.2B+ in total capital deployed. Specializing in fix-and-flip bridge loans, ground-up construction financing, and DSCR long-term rental loans for 1-4 unit and multifamily properties, RCN lends in 44 states (all lower 48 excluding AK, ND, SD, VT, NV, and UT). Their differentiator: institutional scale with common-sense in-house underwriting, closing in as few as 10 business days, and flexible programs available directly to real estate investors or through mortgage brokers.

Where They Lend

Nationwide
44 States (excl. AK, ND, SD, VT, NV, UT)
RCN Capital lends in 44 states across the continental U.S. except Alaska, North Dakota, South Dakota, Vermont, Nevada, and Utah. They focus on urban and suburban investment property markets and do not lend on rural properties

Loan Types, Structures and Terms

$75,000 to $10,000,000
Typical Loan Amounts
12 to 24 Months
Typical Terms
9.49% to 13.00%
Typical Interest Rates
1.00% to 5.00%
Typical Points
RCN Capital offers Fix-and-Flip ARV bridge loans for purchase and rehab, short-term bridge loans for as-is acquisitions and refinances, ground-up construction loans for residential new builds, and DSCR 30-year rental loans for single-family and multifamily investment properties nationwide.
Fix-and-Flip
New Construction
Rental (DSCR)
Short-Term Bridge
RCN Capital Fix-and-Flip loans provide up to 100% of purchase price and 100% of renovation costs (capped at 75% ARV) for light and moderate rehab projects nationwide, with draw turnaround in 5 days and closings in as few as 10 business days.

Fix & Flip FeatureStructure & TermsProject Types1-4 Family residential, condos, townhomes, 5+ unit multifamily, mixed-use. Non-owner occupied only. Urban and suburban areas. No rural locations.Loan Limits & Terms$75,000 to $2,000,000 (above $3M check with RCN) | 12 months (longer options available) | Interest-only, first-lien | Minimum ARV $100,000Rates & FeesRates starting at 9.49% | Origination 1.0 to 1.5 points (wholesale) | $200 per draw inspection fee (from rehab budget) | Proof of funds letters availableLeverage Ratios (LTC/ARV)Light/Moderate Rehab: Up to 100% of Purchase + 100% of Renovation, max 75% ARV, capped at 100% LTC | Heavy Rehab: Up to 85% of Purchase + 100% of Renovation, max 70% ARV, capped at 90% LTCStructural Advantages41,500+ loans funded and $9.2B+ in capital deployed. Auction purchases accepted. Proof of funds letters available. No cap on number of simultaneous projects. Closes in as few as 10 business days.

RCN Capital Ground-Up Construction loans fund residential spec builds and apartment projects from ground-breaking through vertical finish, with terms up to 24 months, up to 90% LTC, and milestone-based draw schedules that keep builder timelines on track.
Construction FeatureStructure & Terms
Project TypesNon-owner occupied single-family homes, condos, townhomes, and apartment buildings. Property must have entitlements, permits, and approved plans prior to funding.
Loan Limits & Terms$100,000 to $2,000,000 | 12, 18, or 24 months | Interest-only, first-lien | Minimum property value (ARV) $175,000
Leverage Ratios (LTC/ARV)Initial advance up to 75% of as-is land value | Max loan up to 75% of ARV or 90% LTC | Interest charged on funds drawn only
Experience RequiredMinimum 1 completed ground-up construction project required (or equivalent 1+ year in real estate acquisition or renovation). U.S. citizens only for construction loans.
Rates & FeesRates starting at 9.74% | Will consider partially completed construction projects | Milestone-based draw schedule aligned with your FlipperForce Scheduler
RCN Capital DSCR Rental loans provide 30-year fixed financing for single-family and multifamily (up to 9 units) buy-and-hold investment properties nationwide, with up to 80% LTV for purchases, portfolio blanket loan options, and flexible DSCR minimums down to 1.00x for qualified borrowers.
Rental DSCR FeatureStructure & Terms
Property Types1-4 Family, condos, townhomes (single-asset or portfolio/blanket loans). Multifamily 5-9 units available. Short-term rentals, mid-term rentals, and vacation rentals considered.
Loan Limits & Products$70,000 to $1,500,000 (1-4 unit) | $250,000 to $1,500,000+ (multifamily 5-9 unit) | 30-Year Fixed, ARM, or Interest-Only options | Single-asset or portfolio blanket loans
Leverage Ratios (LTV)1-4 Unit: Up to 80% LTV for purchases/rate-term refis | Up to 75% LTV cash-out | Multifamily: Up to 70% LTV purchase | Up to 65% LTV cash-out
QualificationMinimum 1.00x DSCR at 660+ FICO | 1.15x DSCR at 660 FICO | 1.20x DSCR for STR/MTR | Minimum property value $115,000 (flex to $100,000) | Rate buydowns available
Structural AdvantagesSTR, MTR, and vacation rentals accepted. Blanket portfolio loans available for multi-property aggregation. Ideal BRRRR exit vehicle - model your projected DSCR in the FlipperForce BRRRR Analyzer before refinancing out of a bridge loan.
RCN Capital Short-Term Bridge loans provide fast-close capital for real estate investors executing as-is acquisitions, rate-term refinances, and cash-out transactions on non-owner occupied residential and multifamily properties nationwide.
Bridge Loan FeatureStructure & Terms
Use CasesAs-is purchases (stabilized properties with no value-add), rate-term refinances, cash-out refinances, and transitional holds on non-owner occupied residential and multifamily properties.
Property Types1-4 family residential, condos, townhomes, 5+ unit multifamily, mixed-use. Non-owner occupied only. Urban and suburban markets only - no rural, no land, no 2nd mortgages.
Loan Limits & Terms$75,000 to $2,000,000 | 12 to 18 months | Interest-only, first-lien | No prepayment penalty on 12-month bridge (prepay applies after 9 months on 18-month bridge)
Rates & FeesRates starting at 9.49% | 6-month interest reserve required on purchases | 12-month interest reserve on refinances | $25 credit report fee | $25 background check fee
Leverage Ratios (LTV)Purchase (stabilized): Up to 80% LTP residential / 75% LTP multifamily | Refinance (no cash out): Up to 70% LTV | Cash-out refi: Up to 65% LTV residential / 65% LTV multifamily
Structural AdvantagesCloses in as few as 10 business days. Proof of funds letters available. Auction purchases considered. Foreign nationals accepted at reduced LTV. No cap on simultaneous projects.

Borrower Qualifications (Are you qualified?)

RCN Capital qualifies borrowers based on property value, deal structure, and investment track record - not personal tax history or W-2 income. All experience levels are welcome, and RCN lends to individuals, LLCs, Trusts, and Corporations, including foreign nationals at reduced LTV.
Qualification ParameterLender Requirements
Experience LevelsAll Tiers Accepted. First-time and experienced investors both welcome. Experienced borrowers (3+ completed projects) may unlock improved leverage tiers and reduced rates.
Credit Requirement650 Minimum FICO for Fix-and-Flip, Short-Term Bridge, and Ground-Up Construction. 660 Minimum FICO for DSCR 1-4 unit rentals. 700 Minimum FICO for multifamily DSCR (5-9 units).
Income VerificationNo W-2s or Tax Returns Required. Asset-based underwriting on all programs. DSCR rental loans qualify based on the property's cash flow ratio, not personal income or DTI.
Entity RequirementIndividuals, LLCs, Trusts, and Corporations accepted. Foreign nationals considered at reduced LTV. Personal guaranty always required.

Underwriting Process (How long will it take to get approved?)

RCN Capital handles all underwriting in-house with a dedicated team focused on common-sense deal evaluation - formal appraisal always required before funding (BPO never accepted), with typical closes of 25 days and fastest closes in as few as 10 business days.
Stage / RequirementProcess & Timelines
Initial ReviewApply online at rcncapital.com or through a broker partner. In-house approvals with common-sense underwriting - no corporate committee delays. Proof of funds letters available for qualifying deals.
Property ValuationFormal appraisal always required before funding on all property types. BPOs never accepted. Appraisal cost typically ranges from $600 to $1,500, paid directly to the AMC (not included in closing costs).
Speed to CloseTypical close in 25 business days; capable of closing in as few as 10 business days on qualifying deals with a complete application package.
Document ChecklistCredit report authorization ($25 fee), background check ($25 fee), bank statements, loan application, purchase contract, LLC/entity documents, and itemized Scope of Work (SOW) for rehab projects.

Draw Process (How long will it take to get draws?)

RCN Capital uses a reimbursement-based draw system with a $200 per-draw inspection fee taken directly from the renovation budget - not paid out of pocket - keeping cash flow predictable and contractor payment schedules protected throughout your FlipperForce project timeline.
Operational StepMethodology & Timelines
Draw SystemReimbursement-based. Investor funds a completed phase of the rehab budget, then submits a draw request for reimbursement. Interest charged only on funds drawn.
Inspection MethodThird-party field inspection. Inspections are coordinated by RCN Capital's in-house draw team and can be completed via on-site visit or photo/video documentation through their portal.
Funding TurnaroundDraw funds are released in approximately 5 business days following inspection approval - keeping your contractor payment schedule aligned with your FlipperForce project timeline.
Draw Fees$200 per draw request - taken directly from the renovation budget, not paid out of pocket. Keeps cash flow predictable across your full rehab schedule.