Origination Milestone Confirms Company’s Strength in the Private Lending Industry
SOUTH WINDSOR, Conn. (May 11, 2021) –RCN Capital, a leading nationwide private lenderspecializing in providing financing for real estate investors,announced that it has funded over 10,000 loans since its inception in 2010, affirming the company as an influential lender in the space.
This is the second funding milestone RCN Capital has reached in 2021. RCN, which offers financing for short-term fix & flip projects, long-term rentals, & ground-up construction, surpassed $2 billion in originations since its founding in February, no small feat in the private lending industry.
“This isanincredible milestone that would not have been possible withoutRCN Capital’s hard-workingemployees” said Jeffrey Tesch, RCN Capital’s CEO. “Atremendous thank-you to all of our current, former, and soon to be RCN Capital family members.”
2021 is off to a monumental start for RCN Capital as the company is currently on track to exceed $1.1 billion in originations for the year. The company was also already recognized this year for its explosive growth after ranking number 180 onthe 2021 Inc. 5000 Regionals: NYC Metro listwhich ranks the fastest-growingprivatecompanies in the New York City Metro Region.
“We look forward to continued leadership in the private lending industry and growing with ourclients, brokers and correspondent lending partnersin 2021 and beyond” Tesch added.
About RCN Capital
RCN Capital is a South Windsor, CT based national, direct, private lender. Established in 2010, RCN provides commercial loans for the purchase or refinance of non-owner occupied residential and commercial properties. The company specializes in new construction financing, short-term fix & flip and bridge financing and long-termrental financing for real estate investors. For more information on RCN Capital and RCN’s loan programs, visit www.RCNCapital.com.