Overview
Iron Bridge Lending (based in Lake Oswego, OR, hard money) and RCN Capital (based in South Windsor, CT, hard money) are both non-QM lenders serving real estate investors. Iron Bridge Lending serves Western & Midwest; RCN Capital serves National.
RCN Capital's figures were checked against its published materials as of 2026-09-17; the other lender's figures below are not independently dated and should be confirmed directly. Rates and terms change and are not a quote for either lender.
Iron Bridge Lending vs RCN Capital: attribute by attribute
| Attribute | Iron Bridge Lending | RCN Capital |
|---|---|---|
| Interest rate range | 9.5%–12% | 9.5%–12% |
| Origination points | 1.5–3 points | 1–3 points |
| Minimum credit score | Not publicly published | 660 |
| Minimum DSCR | Not publicly published | 1.00 |
| Max LTV | 75% | 80% |
| Max LTC | 85% | 90% |
| Minimum loan size | $75K | $100K |
| Maximum loan size | $3.0M | $3.5M |
| States covered | Not publicly published | 44 states |
| Entity vesting | Not publicly published | LLC required |
| Typical close time | 7-14 days typical | 10-21 days typical |
| Founded | 2009 | 2010 |
| Headquarters | Lake Oswego, OR | South Windsor, CT |
Which one fits which borrower
- RCN Capital publishes a minimum DSCR of 1.00; Iron Bridge Lending does not publish a minimum DSCR figure, so its coverage floor cannot be compared directly.
- RCN Capital publishes a minimum credit score of 660; Iron Bridge Lending does not publish one.
- RCN Capital's max LTV is 80% against Iron Bridge Lending's 75% — on the same purchase price, RCN Capital's published leverage lets a borrower put down less cash.
- RCN Capital's max LTC is 90% against Iron Bridge Lending's 85% — for a rehab-heavy deal, RCN Capital's published figure covers a larger share of total project cost.
- Iron Bridge Lending's minimum loan size is $75K, below RCN Capital's $100K floor — Iron Bridge Lending is the fit for a smaller deal that would fall under RCN Capital's minimum.
- RCN Capital's maximum loan size is $3.5M, above Iron Bridge Lending's $3.0M ceiling — a larger transaction may need to go to RCN Capital.
- RCN Capital publishes coverage in 44 states; Iron Bridge Lending does not publish a state count. That does not mean Iron Bridge Lending covers fewer states, only that the figure is not published.
- Iron Bridge Lending does not publish a position on LLC vesting; RCN Capital requires LLC vesting. That is a real structural difference for a borrower deciding how to hold title.
- Iron Bridge Lending was founded in 2009, 1 year before RCN Capital (founded 2010) — longer time in the market, not a claim about which underwrites better today.
Full profiles
- Iron Bridge Lending full profile and review
- RCN Capital full profile and review
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Iron Bridge Lending vs RCN Capital FAQ
Iron Bridge Lending's published rate range is 9.5%–12%. RCN Capital's published rate range is 9.5%–12%. Both ranges depend on credit, leverage, DSCR coverage and borrower experience, so where a specific deal prices inside either range varies.
Iron Bridge Lending does not publish a minimum credit score. RCN Capital publishes a minimum credit score of 660.
Iron Bridge Lending does not publish a minimum DSCR. RCN Capital's minimum DSCR is 1.00.
Iron Bridge Lending's loan size runs $75K to $3.0M. RCN Capital's loan size runs $100K to $3.5M.
Iron Bridge Lending's typical close time is 7-14 days typical. RCN Capital's typical close time is 10-21 days typical. Actual timelines depend on documentation, title work and underwriting load regardless of lender.
Iron Bridge Lending does not publish a position on LLC vesting. RCN Capital requires LLC vesting.
This comparison is an independent directory listing. DSCR Loan Program is not affiliated with Iron Bridge Lending or RCN Capital, receives no payment for placement, and does not rank lenders in exchange for compensation. Rates, terms, and eligibility are determined by each lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.