RCN Capital
RCN Capital
Founded in 2010, RCN Capital is a direct financial lender that offers bridge financing to real estate investors. Funds that it offers can be used as real estate-backed lines of credit for residential and commercial properties, and to provide bridge loans. Industry partners of this company comprise American Association of Private Lenders (AAPL), Scotsman Guide Media, East Coast Real Estate Investors, Association Corporate Capital Inc., Connecticut Mortgage Association, Asian Real Estate Association of America, The Mortgage Office, Elite Commercial Servicing, Mortgage Bankers Association (MBA), and Preferred Trust Company.
The loan amounts of the company range from $50k to $2.5M. These funds can be used for renovating projects, refinancing commercial properties, and bridge funding. Referrals are valued by the company, and its major clients include investors, contractors, and real estate professionals. For real estate investors, the company had designed short term as well as long term financing options.
The company is ranked 87 out of 350 Non-bank Finance institutions by Trustpilot, as of April 2019. Meanwhile, its TrustScore is 9.3 out of 10. It does not have any accreditation from Better Business Bureau (BBB), although it does carry an A+ rating from the nonprofit organization.
