RTL
What is the minimum credit score for an RTL loan?
650
What is the minimum loan amount?
$70,000
How much experience does a borrower need to qualify for a ground up construction loan?
0
Which office is located in the "Queen city"?
Charlotte
What is the name of the December holiday that RCN celebrates every year?
Festivus
What are the experience requirements for the 100% fix and flip product?
5+ in state experience, 10+ overall experience
What is the minimum property value for a foreign national loan?
$125,000
What do we need in order to count heavy rehab experience towards a GUC loan?
Treasury sign off, detailed budgets, before and after photos, copies of permits/inspections
This office location shares it's home with the 6 time men's national championship basketball team and the 12 time women's national championship basketball team?
Connecticut/South Windsor
Name an RCN employee who recently celebrated their 10 year anniversary?
Kim Davis, Christine Naidoo, Angelica Mako, or Joel Bennett, congratulations to all!
At a minimum, what additional report is needed when we are working on a fire damaged property?
Feasibility study, if there are additional concerns we may need a structural engineer's report.
In what scenario would we need to order 2 full appraisals on a loan?
Loan amount above $1.5M for a single asset
What is the seasoning period on a GUC loan?
24 months
Which RCN office has amazing weather, but the worst commute?
Los Angeles
RCN has a sponsorship with which racecar driver?
Justin Ashley
A client is flipping a SFR in Cincinnati, OH, who has 730 credit, and 5+ experience. Do we need to ask for bank statements?
What is the name of an alternative valuation that we can use for a 5+ multi on 5-8 units with a loan amount under $750,000?
Fanne Mae 1050, or Freddie Mac 71B
What is needed to prove that a parcel of land is eligible to be built upon?
Entitlements
In what major city did RCN formerly have an office location that is no longer open?
Las Vegas
RCN has hosted clients at the Travelers championship PGA tour event each of the last 2 years. Which golfer won those events?
2025 Keegan Bradley, 2024 Scottie Scheffler
What circumstances will be allow a borrower to put an ADU on the property as part of their rehab project? 3 components to the answer
Property must be defined as one unit, there is only going to be 1 ADU on the property, and it must be deemed legal.
A non US citizen has a work authorization or EAD, but does not have a visa, can we use their credit to qualify the loan?
No, they would need a valid visa, or be from a country that qualifies through the visa waiver program
Why is it important to require title updates as part of the GUC draw process?
What was our company name immediately before it was changed to RCN Capital?
Rehab Cash Now
Each year, all employees are required to take AML training. A key component of AML training is KYC, what does KYC stand for?
Know Your Customer