Kiavi vs. RCN Capital
A side-by-side on the fields both lenders publish, followed by a read on where they actually differ.
Read this before the table
Kiavi. Kiavi Funding LLC was acquired by Figure Technology Solutions. The acquisition closed 1 September 2026, and DSCR loans are now originated by Figure Lending LLC dba Figure. Figure has not published a timeline for combined guidelines or pricing, so the Kiavi figures on this page describe the program as it operated before the acquisition closed.
| Criteria | Kiavi Verified 17 Sep 2026 | RCN Capital Verified 17 Sep 2026 |
|---|---|---|
| Type | hard money | hard money |
| Headquarters | San Francisco, CA | South Windsor, CT |
| Founded | 2013 | 2010 |
| Geographic focus | National | National |
| States licensed | 49 states | 44 states |
| Products | fix-and-flip, BRRRR, rental, bridge, new-construction | fix-and-flip, BRRRR, rental, bridge, new-construction |
| Loan size range | $100,000–$2,000,000 | $100,000–$3,500,000 |
| Max LTV | 80% | 80% |
| Max LTC | 95% | 90% |
| Min credit score | 660 | 660 |
| Min DSCR | 0.80 | 1.00 |
| Terms | 12-24 months (hard money) / 30-year (rental) | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical | 10-21 days typical |
| Rate range | 5.875%–12% | 9.5%–12% |
| Points | 1–3 pts | 1–3 pts |
Where they actually differ
Kiavi sets its DSCR floor at 0.80; RCN Capital wants 1.00. A property that clears the lower bar but not the higher one is exactly what this difference decides.
Kiavi quotes a 7-14 days typical close; RCN Capital quotes 10-21 days typical. On a competitive acquisition that gap can be the whole decision.
Both set the same 660 minimum credit score, so this isn't where the two split.
Leverage: Kiavi tops out at 80% LTV / 95% LTC, against 80% / 90% at RCN Capital. More leverage means less cash to close and a thinner equity cushion — which side of that trade matters depends on how much cash the deal has to begin with.
Questions
Is Kiavi still originating loans under its own name?
Which has the lower DSCR floor, Kiavi or RCN Capital?
Do Kiavi and RCN Capital set the same minimum credit score?
Which offers more leverage, Kiavi or RCN Capital?
Which is licensed in more states, Kiavi or RCN Capital?
Kiavi
An investor evaluating Kiavi's 49-state rental program while Figure integrates it, who can qualify at a 0.80 DSCR floor and 660 credit score
RCN Capital
An LLC-titled investor with a 660+ credit score and a fully-qualifying 1.00 DSCR, financing a larger or multi-property rental deal across RCN's 44-state footprint