RCN Capital

75 Gerber Road East, Suite 102, 06074, South Windsor, United States
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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.

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Kirk Johnson
US

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!

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Mark Hewitt
US

Worst Lending Experience! If you are looking for no communication, always on vacation, slow as can be responses or no responses, then you have come to the right lender. Having been in the real estate industry for years I have never seen anything like it. What a shame!

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Lenora Menard
US

Initial rep was awesome...very … Initial rep was awesome...very attentive and quick to respond to any questions or concerns. But later in the process, there has been a problem with incorrect inspection report and wiring money which has been very frustrating. I don’t feel these reps are as attentive. I should have received my first draw last week, but still nothing.

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Devoes On The Roll
US

Great Company to Work With We've had two transactions with RCN. The rates seem fair and we enjoy working with this company, however we have had some delays in getting projects closed within the timeframes promised. Other than that the process has been fairly smooth and the communication is good throughout the entire process as well. Our only hope is that they could close transactions a little faster than what we've experienced. Hoping to work with them on future projects.

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DCS
US

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.

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