RCN Capital Reviews 

194
TrustScore 1.5 out of 5

1.7

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Rated 1 out of 5 stars

Don't use this group. It's never a smooth outcome at the end. Terms change and the back tracking you have to do with a borrower is embarrassing.

Rated 2 out of 5 stars

My entire experience was challenging and their lack of who's on first made it hard to navigate. Everything from contracting to insurance policy coverage to getting real numbers to know what I needed t... See more

Rated 1 out of 5 stars

The title company RCN used added $2300 in broker fees AFTER I signed the closing documents. They all seemed very confused about how this happened and why I should be upset about it. I ended up feeling... See more

Rated 1 out of 5 stars

I would stay far away from this company. Last week, I signed up to do a cash out refinance loan. Everything was going great until I sent my file to underwriting. The CEO of the company reviewed my fil... See more

Company details

  1. Non-Bank Financial Service
  2. Financial Consultant

Written by the company

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.


Contact info

1.7

Bad

TrustScore 1.5 out of 5

194 reviews

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1.7

All reviews

(194)

2 reviews in the last 12 months

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Rated 4 out of 5 stars

A happy customer!

The staff is extremely helpful. A bit conservative with their lending, but that is good for their investors. The draw process is fairly straight forward. The east coast team is very responsive. Ms. Strange is outstanding, as are Devin and Jeff.

May 5, 2017
Unprompted review
Rated 5 out of 5 stars

RCN Capital, Eileen Mazza, a pleasure to work with.

RCN Capital processed this file very professionally.

My Account Manager, Eileen Mazza, is one of the best I have had the pleasure of working with in my past 28 years of mortgage origination.

Thank you Eileen Mazza for all your help.

Mike Robbins
Quick Close Loans, LLC

April 26, 2017
Unprompted review
Rated 5 out of 5 stars

I tend to ask a lot of questions as my …

I tend to ask a lot of questions as my files work their way through the pipeline. My rep, Matt Ferrigno, keeps me updated and never makes me feel like I'm wasting his time. The service I get us always been fast, friendly and consistent. RCN is an important lender for me to have access to and offer my clients a great product. Thank You, Jason Potrzeba w/ Acadia Advisory Group.

April 20, 2017
Unprompted review
Rated 4 out of 5 stars

Great Company to Work With

We've had two transactions with RCN. The rates seem fair and we enjoy working with this company, however we have had some delays in getting projects closed within the timeframes promised. Other than that the process has been fairly smooth and the communication is good throughout the entire process as well. Our only hope is that they could close transactions a little faster than what we've experienced. Hoping to work with them on future projects.

February 4, 2017
Unprompted review
Rated 5 out of 5 stars

Great 1st Transaction

RCN was very responsive and easy to work with. Great customer service attitude and performance for our first transaction.

Matt Ferringo and team, Thank you

January 6, 2017
Unprompted review
Rated 5 out of 5 stars

Awesome Company

These guys are the best around and are my go to lenders when I need to close on time. They work hard for their clients and Chris has been an absolute pleasure to work with on every deal. He's always honest, prompt, and gets the deal to close on time within the terms quoted. As an investor this is invaluable. Big shout out to RCN for demonstrating what a HML can and should be and to Chris Dorin for being the man!

January 6, 2017
Unprompted review
Rated 5 out of 5 stars

Amazing!

I have recommended RCN to all my colleagues and others in my network. They are fast getting you to the closing table, their products are great and their officers are always very helpful and professional. RCN has helped my business grow.

December 6, 2016
Unprompted review
Rated 5 out of 5 stars

Massimiliano

I have been working in the real estate field for more than 15 years dealing with top tier banks and financial institutions. My company is based in Italy and I moved and opened a branch in NYC one year ago. I got in touch with different private money lenders throughout the country to refinance my projects and RCN was definitely the most professional end efficient one. All the people I dealt with were very professional and made the process from the application to the closing very easy and straightforward. I think I will do more projects with them in the proximate future.

December 1, 2016
Unprompted review
Rated 5 out of 5 stars

People like Chris McAuliffe makes RCN the Capital of Hard Money Lending

I am grateful to have a relationship with an outstanding company, such as RCN. They are definitely helping me build financial wealth through my real estate investing. Although my loan officer Chris McAuliffe is all about business, he is ranked at the top of my list, as one of the best loan officers I’ve ever encountered. Chris is very detailed and he will make sure that the I’s are dotted and the T’s are crossed. But in the end, it makes the entire loan process go a lot smoother while you achieve your real estate goals. I can’t wait to send my next real estate deal to RCN.

November 8, 2016
Unprompted review
Rated 2 out of 5 stars

Not simple or straight-forward

My entire experience was challenging and their lack of who's on first made it hard to navigate. Everything from contracting to insurance policy coverage to getting real numbers to know what I needed to bring to closing was simple hard. The entire back and forth took over 2 months for something that should have taken weeks. There internal processes need MUCH improvement.

November 7, 2016
Unprompted review
Rated 4 out of 5 stars

Overall Pretty Painles

RCN worked well to close the deal. There were some hiccups along the way with my Title Company and RCN's closing office not communicating well, which put a damper on things, but we worked through it.

I would add that some of the documentation on activities that would take place after closing(e.g. Draw Requests) could have been provided up front during the closing process so that the more accurate planning could be done before final submittal of all planning.

October 7, 2016
Unprompted review

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