For our fix and flip program, we lend up to 90% of the purchase and 110% of the rehab costs. 10% for contingencies if necessary for rehab. Rates will start at 9.50% APR (Interest only charged on outstanding balance). No prepayment penalty. 620 is the minimum credit score needed (cosigner allowed). Points starting at 1.00% . Loan is capped at 75% of the After Repair Value (ARV). Advanced rehab draws and monthly payments rolled into the loan is available.
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors. Rates as of 5.12.2023.
For our new construction program, we lend up to 75% (purchase or refinance) of the land and 110% of total construction cost. Delayed purchase allowed up to 24 months. New construction needs a minimum of a 680-credit score (cosigner allowed). Rates will start at 11.25% APR (Interest only charged on outstanding balance). No prepayment penalty. Points starting at 2.00%. Loan is capped at 75% of the as-completed value and 90% Loan-to- Cost. Advanced construction draws and monthly payments rolled into the loan is available.
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors. Rates as of 5.12.2023.
We offer a low doc DSCR mortgage for a 30-year fixed rate, amortized over 30 years. Our low doc asset-based mortgage is used for non-owner occupied residential or commercial rental properties. We lend up to 80% of the purchase price and up to 75% LTV (As-Is Value) on cash out. We lend up to 80% TV on refinance. Rates start at 5.875% APR. Final rate depends on desired buy down and credit score. 680 is the minimum credit score (cosigner allowed). Airbnb properties accepted.
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors. Rates as of 5.12.2023.
Copyright © 2023. RCD Capital is licensed as a California Finance Lender under the Department of Financial Protection and Innovation License Number 60DBO-76030. NMLS ID 1722515. RCD Fund is licensed as a California Finance Lender under the Department of Financial Protection and Innovation License Number 60DBO-114211. 60DBO-127307
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