RCN Capital is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.
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When you’re looking to take out a personal loan, you’ll find that the rates are quite a bit higher than those of home loans or car loans. This is because, unlike car or home loans, there is no property attached to the loan to help make it secure.
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. mortgage platform that enables lenders to originate and process loans from anywhere. The company’s best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents.
AAPL is the leading member association in the private real estate lending industry. AAPL is the only organization defining standards for private lenders.
The financial institution additionally offers low rates of interest and fixed rates of interest on all loans awarded to businesses to help them estimate their costs more efficiently. As a.
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Hard money lenders are subject to federal and state laws, which bar them from lending to people who cannot repay the loan. By law, hard money lenders have to establish that a borrower has the.
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How to Get a Commercial real estate loan. commercial real estate loans are generally used to purchase or renovate commercial property. lenders usually require that the property be owner-occupied, meaning that your business will have to occupy at least 51% of the building.