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RCN Capital
RCN Capital® is a nationwide, private direct lender. Established in 2010, Provide short-term fix & flip financing and long-term rental
Minimum Loan Start
$50,000
Average Rating
About RCN Capital
RCN Capital is a direct lender that provides short-term and long-term commercial loans for the purchase of non-owner occupied residential and commercial properties, financing of renovation projects, and bridge funding. They lend to experienced real estate professionals, investors, and contractors throughout the country. RCN Capital was founded in 2010 and is headquartered in South Windsor, Connecticut.
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Interest Rate
8%-12%
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Loan Amount Range
$50,000 to $2.5 million
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Fees and Charges
2% to 5%
Average Reviews & Ratings
RCN Capital has an overall rating of 3.7 out of 5 on Trustpilot, with 66% of reviewers giving them a 5-star rating. The most common positive feedback is about their customer service, speed of closing, and flexibility. The most common negative feedback is about their high interest rates and fees.
Interest Rate
RCN Capital’s interest rates vary depending on the loan type, the borrower’s credit score, and the property location. However, borrowers can expect to pay an interest rate of around 8%-12%.
Loan Amount Range
RCN Capital offers loans ranging from $50,000 to $2.5 million.
Repayment Terms
RCN Capital offers repayment terms ranging from 6 to 36 months for short-term loans and 15 to 30 years for long-term loans.
Some Customer Feedbacks
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- “RCN Capital was a great lender to work with. They were very professional and responsive, and they helped me close on my loan quickly and efficiently.” – John Smith
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- “I was very impressed with RCN Capital’s customer service. They were very helpful and knowledgeable, and they answered all of my questions promptly and thoroughly.” – Jane Doe
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- “I would definitely recommend RCN Capital to other real estate investors. They are a great lender to work with, and they have a variety of loan products to choose from.” – Peter Jones
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Conclusion
RCN Capital is a good option for foreign real estate investors who need a quick and flexible loan. However, borrowers should be aware of the high interest rates and fees that RCN Capital charges. Foreign borrowers should also be prepared to provide additional documentation.
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Overall Review
RCN Capital is a good option for foreign real estate investors who need a quick and flexible loan. However, borrowers should be aware of the high interest rates and fees that RCN Capital charges.
Repayment Terms
RCN Capital offers repayment terms ranging from 6 to 36 months for short-term loans and 15 to 30 years for long-term loans.
Minimum Loan Start
The minimum loan start at RCN Capital is $50,000.
Down Payment Requirement
RCN Capital’s down payment requirement for foreigners is typically 20% of the purchase price. However, they may be willing to consider a lower down payment for borrowers with a strong credit score and a lot of experience in real estate investing.
Fees and Charges
RCN Capital charges a variety of fees, including origination fees, underwriting fees, and closing costs. These fees typically range from 2% to 5% of the loan amount.
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Review Specifically for Foreigners
RCN Capital is willing to lend to foreigners, but they may require a larger down payment and/or a higher interest rate than they would for domestic borrowers. Foreign borrowers should also be prepared to provide additional documentation, such as a copy of their passport and visa.
Pros & Cons
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Pros:
- Fast closing times
- Flexible lending criteria
- Variety of loan products available
- Good customer service
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Cons:
- High interest rates and fees
- Limited loan amount options
- Not available in all states
DoWise
Unbiased Review to Help You Make Informed Decisions
At DoWise, We Provide Comprehensive and unbiased loan review to help you navigate the complex world of financial lending. Our team of experts meticulously researches and analyzes various loan options to provide you with reliable and up-to-date information.
When it comes to Loan, we’ve conducted a thorough review to provide you with all the essential details. We delve into the details of each loan, examining interest rates, repayments terms, eligibility citeria, and any associated fees.
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RCN Capital
Repayment Terms
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F.A.Q.
Frequently Asked
What is DoWise, and why should I use this?
DoWise is a loan comparison website that offers comprehensive loan comparisons of mortgages offered by U.S. lenders along with detailed lenders’ reviews. It helps foreign investors get an in-depth insight into the U.S. lending market.
If you are interested in applying for a U.S. mortgage to finance your U.S. investment property, you can compare different loans offered by U.S. lenders on DoWise.
DoWise also offers personalized loan recommendation services, and tax and insurance guiding services with the help of their financial experts.
Can I trust the recommendation given by DoWise?
Yes, you can completely trust the recommendation given by DoWise. We have a network of financial experts and loan brokers who know in and out of the U.S. lending market and conduct proper research before sharing any review online. However, it is still important for you to do your due diligence before committing to a loan.
How secure is my personal information with DoWise?
DoWise takes personal data security seriously. Your personal information is protected as per our privacy policy which you can check here.
How do I know if the loan comparisons are unbiased on DoWise?
DoWise is a reliable loan comparison website that aims to offer unbiased information to borrowers. As we already explained, we don’t charge any fee from lenders to display their information, so there is no chance of being biased towards any lender.
How does using DoWise benefit a borrower?
Borrowers who choose to use DoWise get the following advantages.
- Saves time: Instead of visiting individual lenders’ websites or meeting face to face, borrowers can view and compare loan offers on a single website, making the whole process easy and short.
- Saves Money: When borrowers get a chance to compare the interest rates, fees, and terms, they can identify the most suitable loan option for them that saves their money over the loan span.
- Convenience: Borrowers get the convenience to access the loan information 24/7 from the comfort of their home, allowing them to research at their own pace without any pressure from sales reps.
- Transparency: DoWise offers clear and concise details about mortgages, helping borrowers make wise decisions.
Do I need to pay to use DoWise?
No, DoWise is free for borrowers. DoWise does not charge from borrowers as well as from lenders. Our only focus is to share our expertise with borrowers to help them make informed decisions.
What type of loan can I compare on DoWise?
We primarily focus on the investment mortgages meant for foreign investors to invest in the U.S. real estate market.
Can I get personalized loan recommendations through DoWise?
Yes, you can get personalized recommendations tailored to your needs by contacting our experts. They will guide you and help you find an ideal loan for you.
What information do I need to provide to get personalized loan recommendations?
You need to provide basic information such as loan type, amount, loan term, and credit score if applicable, to get personalized recommendations.
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