After nearly a decade of filling the role of managing director at RCN Capital, Jeffrey Tesch will be stepping into a new role as the company’s chief executive officer, effective July 1st, 2019.
Tesch has been with RCN Capital since its founding, and has led efforts to develop the company into a national brand within the private lending industry with a focus on superior customer service and transparent loan products for a diverse customer base. Because of those efforts, when current CEO Don Vaccaro decided to leave his current role,Tesch was the first person that came to mind as his successor.
“Jeff has the intelligence to run [RCN], as well as the intelligence to make logical entrepreneurial, business decisions,” Vaccaro said. “But Jeff also knows how to craft deals that make people want to do business with us, and those win-win deals are everything.”
Since RCN Capital’s start in early 2010 with the name Rehab Cash Now, Tesch has always focused on a customer-centric approach to lending. He has worked to ensure that employees deliver exceptional customer service at every point during the loan process, and that model has distinguished RCN Capital in the private lending space.
Tesch is known throughout the industry for setting strong standards in private lending and for his desire to listen to, learn from, and leverage the friendships he has developed over the years. His accomplishments and willingness to help newcomers in the private lending space have earned him universal respect amongst his colleagues. Tesch also has his pulse on changes in the economy and their effects on private lending. These qualities are why he was deemed the right person to lead RCN Capital into the company’s next chapter.
The first half of 2019 has been strong for RCN, hitting a major milestone in April of this year of $1 billion in loan originations since its inception. Next year, RCN will celebrate a decade in private lending, with Tesch at the helm.
Tesch plans to take the same approach to running the company as CEO as he did while being Managing Director: protecting RCN Capital’s brand, cultivating strong partnerships and hiring people who share the same vision for the company, a passion for delivering the best possible customer experience. Tesch frequently attributes much of the company’s success directly to his team at RCN.
“I want to thank all of my employees that have contributed to the company’s success and have made RCN what it is today,” said Tesch. “It is truly a privilege to have been named chief executive officer of RCN Capital and I look forward to working with my team to drive the company’s future growth. Under my leadership, RCN Capital will continue to take great pride in setting the highest ethical standards in the private lending industry and moving our space forward as a whole.”