Robert C.
The deal got done, and underwriting was quick.
A few closing hiccups, but underwriting was the star of the show. Thanks,
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.
RCN Capital (rcncapital.com) has 191 customer reviews on Five Star Index, with an average rating of 4.6 out of 5.
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Showing 24 reviews with 4 stars · Clear filters
Robert C.
A few closing hiccups, but underwriting was the star of the show. Thanks,
Justin H.
Quick response to many questions.. Out of the box thinkers. They spend more time trying to make deals work rather than killing them. Only downside was the closing process. Attorney was very slow in providing a time table which caused multiple extensions. Maybe first time fluke?
Jim D.
For commercial lending situations only, and a good source when regular bank financing is onerous, slow, or unavailable. They're not cheap (non-prime lending isn't), but they'll underwrite and close quickly on properties/borrowers that need cash for rehabilitation. Nobody underwrites everything, but they seem reasonable. Best for "flip" situations. Communication is OK and they'll respond when called, but could be better/more proactive.
Roland J.
RCN is a good company to work with. I would advise anyone looking to do business with RCN to go foward.
Michael N.
RCN Capital was a good provider, the only issue I really had was additional fees they added even before a year was up. It was part of their agreement, but really seemed excessive when a year hadn't even past yet.
William D.
I have had great working relationship with RCN. They are very responsive to quick turnaround times on a nationwide basis and handle the stress calmly . I look forward to doing more business with RCN in the future.
Steve B.
Kevin Mahder is a very good representitive. This was a small and drawn out deal. As it was a foreclosure and dealing with Ocwen was horrible. The deal closed Thursday June 12th they are supposedly recording Wed the 18th and paying me after that. Time will tell how much chasing I will have to do get my fee.
Robert B.
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.