GOLD LENDER
RCN Capital, LLC was established in 2010 to provide time-sensitive, bridge financing to real estate investors to fund the purchase of non-owner occupied residential and commercial properties, provide bridge loans, and provide real estate-backed lines of credit. Formed towards the end of the recession, RCN Capital has benefited from a turbulent housing market in which many real estate investors see great opportunity. A lack of liquidity in the credit markets and increased regulation of the banking industry has restricted conventional financing as an option for investors in fast-moving and competitive real estate markets. As the nation’s premier direct private lender, RCN Capital helps fill this void.
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.
RCN Capital structures its ARV loans so borrowers only pay interest on funds actually drawn: it does not charge interest on the holdback until the money is drawn, which lowers carrying costs during a rehab. RCN’s draws are serviced by a third party, Elite Commercial Servicing, which handles draw requests. The company does not publish the inspection method (physical or virtual) or a per-draw turnaround on its site, so both should be confirmed for a given project. On closing, RCN references funding in as little as 5 to 10 days, though it frames that as a general timeline rather than a guarantee. For rehab and construction investors, the interest-on-drawn-funds structure is the notable feature, paired with third-party-serviced draws whose exact turnaround is not published.
RCN Capital, LLC is a nationwide private direct lender established in 2010, offering fix and flip, DSCR rental, ground-up, and multifamily loans, with leverage tiered by investor experience.
• Fix and flip: from up to 85% of purchase and 70% ARV for new investors (0 to 2 flips), rising to up to 100% of purchase and 75% ARV for experienced investors (10+ flips), plus 100% of rehab.
• New construction: up to 90% total LTC and up to 75% ARV at the top tier.
• DSCR long-term rental (1 to 4 units) at a 1.00 DSCR, with rates starting at 5.25%; multifamily 5 to 9 units.
• RCN lends in 44 states (all except Alaska, Nevada, Utah, North Dakota, South Dakota, and Vermont), under NMLS 1045656.
RCN Capital, LLC is a nationwide private direct lender established in 2010, headquartered in South Windsor, Connecticut, with offices in Los Angeles and Charlotte. It offers fix and flip, long-term DSCR rental, ground-up, and multifamily loans on non-owner-occupied property to real estate professionals, developers, and small business owners for real estate investment purposes. It lends in 44 states, all except Alaska, Nevada, Utah, North Dakota, South Dakota, and Vermont, and operates under NMLS ID 1045656 and state licenses including California 60DBO-46258, Arizona 0932325, Minnesota MN-MO-1045656, and Oregon ML-5571.
