RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, held an official grand opening for a new office in Los Angeles, California to further support the company’s ongoing expansion strategy and increase efforts to gain greater market share on the West Coast. The company also has corporate headquarters in South Windsor, CT as well as a satellite office in Charlotte, NC which was opened in 2021.
“I’m extremely proud and appreciative of the hard work and dedication of all the RCN employees that made our new California office a reality,” said Eric Shaw, RCN Capital’s Lead Loan Officer, and Head of the LA Office. “While RCN Capital has always been a national lender, the addition of this permanent west coast presence exemplifies the goal of RCN to best serve our clients and our employees regardless of time zone.”
Despite market challenges, 2023 is expected to be another notable year for RCN Capital as the company is currently projecting $1.7 billion in originations for the year. The company also recently reached an impressive milestone in February originating over 20,000 loans since inception.
About RCN Capital:
RCN Capital is a South Windsor, CT-based national, direct, private lender. Established in 2010, RCN provides commercial loans for the purchase or refinance of non-owner occupied residential properties. The company specializes in new construction financing, short-term fix & flip and bridge financing, and long-term rental financing for real estate investors. For more information on RCN Capital and RCN’s loan programs, visit www.RCNCapital.com.
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