By capital / March 10, 2022
Looking to Purchase a Property to Hold for Rental Income?
RCN Capital’s Buy-to-Rent loan program offers a 24-month term, with a 12-month extension available, ensuring that our customers have rental property financing that goes the distance.
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes
24 Months (12 month extension available)
*(An extension fee applies)
$50k – $7.5M for 1-4 Family, Condos, & Townhomes
Starting at 7.49%
Purchase: The lesser of Up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance: Up to 75% of the As Is Value
Cash-Out: Up to 70% of the As Is Value
Minimum As-Is Property Value:
$75k for 1-4 Family, Condos, & Townhomes
Rent Coverage Ratio (Monthly Rent/Monthly Debt Service):