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Company Recognizes Noteworthy Origination Milestone Despite Industry Turbulence
SOUTH WINDSOR, Conn. (February 7, 2023) – RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, announced a major origination milestone of over 20,000 loans funded since its inception in 2010.
RCN Capital, which offers financing for short-term fix & flip projects, long-term rentals, & ground-up construction, takes pride in its commitment to providing the investor community with funding options despite ongoing turbulence in the real estate industry.
“Since the inception of RCN Capital back in 2010, our core mission has been to provide financing to investors who are renovating distressed housing to put back into the marketplace for families to call home,” said Jeffrey Tesch, RCN Capital’s CEO. “This is truly a tremendous moment in the company’s history as we reflect on what we have been able to accomplish over the years and what we have been able to give back.”
Even with market challenges, 2023 is expected to be another strong year for RCN Capital, with the company projecting $1.7B in new originations.
“RCN’s continued success is a testament to the hard work and dedication of our employees, the trust and support of our clients, and the strong partnerships we have formed over the years. We are so grateful and we look forward to continuing to make an impact in the private lending industry in 2023 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 properties. The company specializes in new construction financing, short-term fix & flip and bridge financing, and long-term rental financing for real estate investors. For more information on RCN Capital and RCN’s loan programs, visit www.RCNCapital.com.