RCN Capital offers hard money loans for fix and flip investors nationwide except for South Dakota and Minnesota. They have been in business since 2010. They work with investors of all experience levels. Rates vary depending on borrowers and they’ll lend up to 75% ARV. They have an A+ BBB Rating, and are rated 3.7 stars based on 6 Google Reviews, and 8.9 stars based on 98 Trustpilot Reviews.
Lender Information
| Business Name: | RCN Capital |
| Business Website: | rcncapital.com |
| Business Address: | 75 Gerber Rd East Suite 102 South Windsor, CT 06074 |
| Business Phone: | 860.432.5858 |
| Business Email: | Info@RCNCapital.com |
| Business Established: | 2010 |
| Google+: | plus.google.com/+RehabCashNow |
| LinkedIn: | linkedin.com/company/rcncapital |
| Facebook: | facebook.com/rcncapital |
| Twitter: | twitter.com/rcncapital |
RCN Capital: Rates & Terms
| Types of Properties | Non-owner occupied 1-4 residential |
| Loan Amount | $50,000 to $2.5 million |
| LTV | Up to 75% of ARV |
| ARV | Up to 75% |
| Interest Rates | Varies per borrower |
| Lender Fees | 2% to 5% prepayment penalty Points vary depending on property |
| Loan Terms | 12 to 18 months |
| Minimum Qualifications / Documentation | Credit Score: 600 or more |
| Time to Funding | 1 to 2 weeks |
| Other Financing Available | Residential Fix and Flip Residential Fix and Lease Commercial Loans |
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
Popular Hard Money Lenders 2019
Lender | Best For |
|---|---|
Investors who want competitive rates and fast funding for residential fix and flips | |
Landlords wanting to refinance or grow their rental portfolio | |
Short-term investors looking for a good residential fix-and-flip hard money loan option | |
Investors who want great customer service with a local bank feel from a 44-state lender | |
Fix and flippers who want an alternative to LendingHome, but with a commercial component |
States Currently Lending In
Nationwide except South Dakota and Minnesota
