Looking for Funding For Your Next Fix & Flip Project?
Our ARV Loan Program offers financing for up to 90% of the purchase price + 100% of renovation costs, not to exceed 75% of the after repair value.
Plus, RCN Capital only charges interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.
LOAN CRITERIA
Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV
Term:
12 Months (6-Month Extension Available)
Minimum As-Is Property Value:
$50k for Single-Family
$25k per Unit for 2-4 Family
$35k per Unit for Multi-Family (5+)/Mixed-Use
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $5M for Multi-Family (5+)/Mixed-Use
Minimum FICO:
620
Rates
As Low As 7.49% (Interest Only Charged on Outstanding Balance)
Pre-Payment Penalty:
N/A
ARV LOAN PROGRAM TYPICAL LEVERAGE & RATES
NEW INVESTOR
Completed up to 2 Flips or Owned up to 2 Rentals in the Last 3 Years
INTERMEDIATE INVESTOR
Completed Between 3 & 10 Flips or Owned Between 3 & 10 Rentals in the Last 3 Years
EXPERIENCED INVESTOR
Owned 10 or More Investment Properties (Flips and/or Rentals) in the Last 3 Years
LTV
Up to 80% of Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 70% of the After Repair Value
Up to 90% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 75% of the After Repair Value
Up to 90% of the Purchase Price + Up to 100% of the Renovation Costs: Not to Exceed 75% of the ARV
RATES
Starting at 10.49%
Starting at 8.49%
Starting at 7.49%
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
