Overview
RCN Capital is a national non-QM lender with capacity for larger transactions and strong experience on multi-unit and small commercial deals.
RCN Capital is based in South Windsor, CT and was founded in 2010. They operate nationally and offer fix-and-flip, BRRRR, rental, bridge, new-construction financing. Their loan amount range runs from $75K to $7.5M.
Key terms at a glance
| Loan type | Hard money / non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge, new-construction |
| Geographic coverage | National |
| Loan size | $75K – $7.5M |
| Interest rate range | 9.5% – 12% |
| Origination points | 1 – 3 |
| Max LTV | 80% of ARV |
| Max LTC | 90% of cost |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical |
Strengths
- high loan limits
- established track record
- multi-family capacity
Ideal borrower
Investor with larger deals and multi-property exposure
How RCN Capital compares for Chicago investors
For Chicago metro investors specifically, RCN Capital operates as one of multiple national options — competitive on broad product menus but local Chicago lenders sometimes win on relationship and close speed. As an institutional non-QM lender, their underwriting is templated and predictable — fast for experienced borrowers, less flexible for non-standard deals.
Common alternatives in Chicago
- Renovo Financial — Chicago-based, deepest local knowledge
- Kiavi — Tech-forward national leader
- Lima One Capital — Broad product suite, BRRRR-friendly
- Easy Street Capital — STR-DSCR specialist
RCN Capital FAQ
Yes — RCN Capital operates nationally and regularly funds Chicago-area deals
RCN Capital's indicative rate range is 9.5%–12% with 1–3 points. Pricing depends primarily on funded-deals history, deal leverage, and exit certainty.
RCN Capital's typical minimum loan is $75K, with maximum loan size up to $7.5M.
RCN Capital's typical close timeline is 10-21 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
RCN Capital offers fix-and-flip, BRRRR, rental, bridge, new-construction financing. They also do DSCR rental refinance, which makes them a one-stop shop for BRRRR strategies.
Investor with larger deals and multi-property exposure
This review is an independent directory listing. Hard Money Chicago is not affiliated with RCN Capital. Rates, terms, and eligibility are determined by the lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.