RCN Capital

75 Gerber Road East, Suite 102, 06074, South Windsor, United States
image
3.40
Based on 20 Reviews

5

35.00%

4

25.00%

3

10.00%

2

5.00%

1

25.00%
About RCN Capital

RCN Capital is a nationwide, direct, private lender. We provide commercial loans for the purchase or refinance of non-owner-occupied single-family & multi-family properties. We specialize in ground-up construction financing, short-term bridge loans, fix & flip financing as well as long-term rental financing for real estate investors. We lend to both new and experienced real estate professionals throughout the country. RCN Capital, LLC was established in 2010 to provide time-sensitive, bridge financing to real estate investors to fund the purchase of non-owner occupied residential and commercial properties. Formed towards the end of the recession, RCN Capital has benefited from a turbulent housing market in which many real estate investors see great opportunity. A lack of liquidity in the credit markets and increased regulation of the banking industry has restricted conventional financing as an option for investors in fast-moving and competitive real estate markets. As the nation’s premier direct private lender, RCN Capital helps fill this void. As a direct, private lender, RCN Capital takes a common-sense approach to underwriting, with all approvals made in-house. We are dedicated to providing quick responses to time-sensitive loans. At RCN Capital, we value referrals and our brokers are protected. We are committed to the highest level of customer service because our success lies in building relationships.

Tags
Contact Info

You need to Login first to submit your review.

image
Kirk Johnson
GB

I would stay far away from this… I would stay far away from this company. Last week, I signed up to do a cash out refinance loan. Everything was going great until I sent my file to underwriting. The CEO of the company reviewed my file and decided to cancel because of the location of the property? Prior to me submitting my file, I asked about this specific location (with emails to prove it) and received the green-light that the loan stipulations would remain the same. They decided to cancel at the last minute without giving me any explanation. You've been warned!

image
Andre Brown
GB

Pretty Smooth from start to finish RCN did a great job closing my loan. I was under the impression the process would be less stringent than a regular bank, but not so much. However, the timeframe was quick, esp considering renovation costs are built into the loan. Chris was great. Very attentive, thorough, and pretty spot on with information, timeframes, etc. I can't speak for the full experience until i request draws, and repay the loan. But so far, so good.

image
DCS
GB

Not simple or straight-forward My entire experience was challenging and their lack of who's on first made it hard to navigate. Everything from contracting to insurance policy coverage to getting real numbers to know what I needed to bring to closing was simple hard. The entire back and forth took over 2 months for something that should have taken weeks. There internal processes need MUCH improvement.

image
Robert Baxter
GB

Overall a most excellent experience with top notch performance on their part. RCN Capital responded and closed our loan in record time! The only minor challenge centered around lapses in communication after the closing had taken place regarding some post closing matters. As a result some things took much longer to get answered than necessary. I would highly recommend this company and I look forward to doing more business with them in the future.

image
Authentic Property Solutions, LLC
GB

Draw on rehab funds horribly managed Communication zero to none on how the draw of funds will be handled. Inspector unreliable. Unable to draw on money appropriately to complete the rehab for a smooth process. Project on temporary hold to complete the rehab as RCN will not release the funds that we have paid out of pocket to the contractors.......

We may use cookies or any other tracking technologies when you visit our website, including any other media form, mobile website, or mobile application related or connected to help customize the Site and improve your experience. learn more

Allow