RCN Capital Overview
RCN Capital is a nationwide private lender that has been serving real estate investors since 2010. Based in South Windsor, Connecticut, RCN has established itself as one of the most reliable and consistent sources of investment property financing in the market. They specialize in fix-and-flip loans, bridge loans, and DSCR rental loans, with a focus on providing institutional-quality terms to individual investors.
RCN Capital's strength lies in their consistency and scale. They have funded thousands of investment property loans across most states and have built the operational infrastructure to handle high volume without sacrificing service quality. For investors who need a dependable capital partner that will perform reliably deal after deal, RCN delivers.
RCN also operates a robust correspondent lending and broker channel, which means many mortgage brokers and loan originators can offer RCN's products to their clients. This broad distribution network ensures that investors can access RCN financing through multiple channels, whether directly or through their existing broker relationships.
Loan Products Offered
- Fix-and-flip loans — short-term financing for purchase and rehabilitation projects
- Bridge loans — transitional financing for property acquisition and stabilization
- DSCR rental loans — long-term financing for stabilized investment properties
- New construction financing — ground-up build loans for experienced developers
- Correspondent and broker channel products — available through third-party originators
Rates and Terms
RCN Capital offers fix-and-flip loans starting from 9.99%, with rates depending on borrower experience, credit score, and loan-to-cost ratio. Their flip loans provide up to 85% of purchase price and up to 100% of renovation costs for experienced borrowers, with terms of 12-18 months.
DSCR rental loans are offered at competitive market rates, typically in the 7% to 8.5% range, with 30-year fixed and adjustable-rate options. Bridge loans carry rates similar to fix-and-flip products with flexible terms of 12-24 months.
RCN's leverage is competitive: up to 85% LTC on fix-and-flip, up to 80% LTV on DSCR, and up to 80% of project cost on construction. Closing timelines average 2-3 weeks for fix-and-flip and bridge loans, and 3-4 weeks for DSCR products.
Requirements
- Minimum credit score: 660 for DSCR, 620-640 for fix-and-flip (experience-dependent)
- Minimum DSCR: 1.0 for rental loan products
- Down payment: 15-25% depending on product and borrower experience
- LTV/LTC: Up to 85% LTC on fix-and-flip, up to 80% LTV on DSCR
- Experience: Fix-and-flip experience is considered for leverage and rate pricing
- States: Most states — excludes North Dakota, South Dakota, Nevada, Alaska, and Vermont
Pros
- Established track record since 2010 with thousands of funded deals
- Consistent and reliable — known for performing on time without surprises
- Available directly and through broker/correspondent channels
- Competitive fix-and-flip leverage (up to 85% LTC, 100% rehab)
- Multiple product types for investors operating across strategies
- Strong reputation in the broker community
Cons
- Fix-and-flip rates starting at 9.99% are mid-market — not the lowest available
- Not available in 5 states (ND, SD, NV, AK, VT)
- DSCR rates are competitive but not market-leading
- Less technology-forward compared to platforms like Kiavi or New Silver
Who Is RCN Capital Best For?
RCN Capital is the right lender for investors who value consistency and reliability above all else. If you are an active flipper or portfolio builder who needs a lender that will close on time every time, RCN's operational track record speaks for itself. They are particularly well-suited for experienced investors who have a pipeline of deals and need a capital partner that can keep up.
RCN is also a strong option for investors who work with mortgage brokers. Because RCN has a broad correspondent channel, your broker may already have access to their products, making it easy to include RCN in a competitive rate comparison.
How to Apply
RCN Capital accepts applications directly through their website or through their network of mortgage brokers and correspondents. Their online application collects property details, your investment strategy, experience level, and basic financial information.
For the fastest processing, submit a complete application with your property address, purchase price, estimated ARV (for flips), rehab budget, and entity documentation. RCN's team will provide a term sheet within 1-2 business days and can move to closing within 2-3 weeks for straightforward transactions.