RCN Capital

Office address: 75 Gerber Rd East, Suite 102, South Windsor, CT 06074
Website: www.rcncapital.com
Year established: 2010
Company type: financial services
Employees: 130+
Expertise: rehab loans, commercial loans, real estate financing, private commercial real estate loans, commercial loans for non-owner occupied real estate, long term rental loans, and fix and flip
Parent company: N/A
CEO and key people: Jeffrey Tesch (CEO), Justin Parker (CFO), Debbie Ordille (COO), Erica LaCentra (CMO), Mark Blake (CTO), Chris Dorin (SVP of sales), Marc Heenan (MD, growth and strategy)
Financing status: private debt financed

RCN Capital is a real estate investment lender based in South Windsor, CT. The company provides private direct lending, refinancing, purchasing, bridge funding, and more. They have a license to operate across 45 states and a staff of over 130 employees.

History of RCN Capital

RCN Capital was established in 2010 and would set out to focus on dependable financing solutions in the non-owner occupied residential and commercial property market. Over the years, they have provided bridge financing and real estate-backed lines of credit, filling a market gap during the post-recession credit crunch. As the banking industry faced heightened regulations, RCN capitalized on the demand for quick, reliable funding in dynamic real estate markets.

Products and Services of RCN Capital

RCN Capital offers an array of products and services designed to meet customer’s requirements. Key offerings include:

  • fix & flip: short-term financing aimed at the purchase and rehabilitation of investment properties
  • long-term rental: loans designed for investors looking to hold properties for rental income
  • Multi-family financing: specialized financial products for the acquisition or refinancing of 5+ unit apartments
  • new construction: funding for ground-up construction projects, catering to developers and investors
  • investor rental portfolio: specialized financial solutions for managing and expanding investor-owned rental portfolios

Culture at RCN Capital

RCN Capital culture focuses on employee satisfaction, professional wellbeing, and community engagements. The company takes care of its staff through comprehensive benefits, including:

  • competitive salaries
  • health, dental, and vision insurance
  • additional wellness programs
  • 401(k) retirement plan with a company contribution match
  • free meals and drinks
  • free access to an on-site fitness center and laundry facilities
  • professional development programs 
  • a range of additional employee perks

RCN Capital actively supports local communities, notably when they sponsored Superhero Day at Connecticut Children’s and organized toy drives for their Amazon wish list. They extend their philanthropic efforts to satellite offices, hosting food drives and collecting back-to-school supplies to support educational initiatives. These activities show their local ties and support in making a positive impact across various communities.

About RCN Capital CEO Jeffrey Tesch and Key People

Jeffrey Tesch, the CEO of RCN Capital, has been instrumental in shaping the company's strategic direction. Tesch’s work history in real estate included investments in various properties from single-family units to commercial retail centers spanning both residential and commercial sectors. He earned a Bachelor of Science in Business Management from Southern Connecticut State University.

Supporting Tesch in the company’s operations is a team of experienced professionals and executives. These key individuals include:

  • Justin Parker, the CFO, is responsible for managing the financial strategy and health of RCN Capital
  • Debbie Ordille, as the COO, ensures operational activities are streamlined and effective
  • Erica LaCentra, the CMO of RCN Capital, leads the marketing initiatives and brand development efforts
  • Mark Blake is the CTO that spearheads the integration of advanced technologies
  • Chris Dorin, SVP of sales, directs the company's sales strategies and client acquisition
  • Marc Heenan, the managing director of growth and strategy, focuses on strategic initiatives and business development

The Future at RCN Capital

RCN Capital has been continuing to advance its strategic position within the private lending sector. Aligned with this is the appointment of Marc Heenan to the company as the new managing director of Growth and Strategy. In this role, Heenan is focused on developing better loan products and making strategic partnerships to improve RCN's offerings and expanding their market reach.

Real estate investors stung by rising insurance costs

New data shows insurance issues hitting investors hard, particularly in two states

Three strategies to mitigate risk in real estate investing in 2024

With any strategy, profitability is at the forefront

What's more important than ever in the mortgage industry?

Executive on top priorities in current market

All things appraisal with Appraisal Nation's Kevin Pettaway

It's one of the most crucial aspects of securing a loan for an investment property

Are better times ahead for real estate investors?

Executive on top trends at play in current market

How can brokers get a leg up in investor financing?

RCN Capital's course, offered through AIME Academy, walks brokers through the first steps

Avoid these pitfalls to ensure profitable fix and flip projects in 2024

It can be a great way for investors to get a foot in the door, if it's done right

How one of the top 100 mortgage professionals found his love for finance

He has persevered across a myriad of market cycles