RCN Capital Reviews 

It was the most documented loan I've ever had to submit especially for an relatively easy loan. At times it did not look promising to close in time but they pulled if off in the end with extra work and dedication. I was impressed with the commitment. No delays were experienced.

I'm very happy with the whole experience. The underwriters drove me a little crazy besides from that I'm very happy. Even though the rate is high, I got the property i wanted and will be able ti refi in the future.
thanks

Grew fond of Chris and Isabella, and look forward to working with them again on future deals.

However, the experience was far from smooth. All parties to the transaction--from seller, borrower, title agent, 1031 Exchange agent--were bitterly disappointment in the way we handled matters. The timing of the appraisal process--more so than the appraisal itself--delayed matters considerably. There were a couple of occasions where I truly thought we were going to lose the deal, as both seller and borrower seriously contemplated taking the deal to another lender. (I was asked on two occasions to do that very thing.) There came a time when the abuse I was taking from the parties to the transaction for what seemed to be interminable delays greatly outweighed the most fee I received from the transaction. Fortunately, through it all, my relationship with the borrower was not damaged irreparably; however, he will not want me to refer future deals to the RCN.

Perhaps, in retrospect, the problem was exacerbated by my inexperience and failure to manage expectations conservatively. From that lesson learned, I will be better, which will enable RCN to perform better.

Everyone was professional and knowledgeable and I would highly recommend this company.

My experience with RCN Capital was so bad that it's hard to keep it brief. In summary, everything they claim is complete BS.

1. "We can close loans in 10 days" - after a month of not returning phone calls and emails I gave up. RCN nearly cost me the purchase of my home. I had to scramble to get other funding two days before closing because of their lack of attention
2. "We offer competitive rates and fees" - After telling me all along that they typically charge 2-3 points at closing, they tried charging me 5 POINTS!!!
3. "Our professional team will work with you..." - After raising concerns about their rates/fees and their poor customer service, this is the email response I got from their loan officer: "If you've had difficulty with multiple RCN employees, maybe it's time to look in the mirror"

Seriously the worst company I've ever dealt with!!!

The team at RCN is highly professional. You can rely on their performance to follow their word. They are organized, well staffed, and highly responsive to our requests. Their processes are well defined. Each team member we interact with is clear on their individual role and is flexible enough to accommodate our specific business needs. RCN is not just a lender to us - it is a trusted business partner. We highly recommend working with them.

I have worked with the RCN Team of Mortgage Professionals for about three years now and have closed approximately 50 transactions with them. Communication is key when coordinating a REO/Bank Owned closing, and RCN rocks it out. Their staff works together as a team resulting in a smooth closing experience. I highly suggest that all investors contact them to discuss the financing needs for their investment properties.

A few closing hiccups, but underwriting was the star of the show.
Thanks,

I had the pleasure of working with Chris Dorin the loan officer and others that i came into contact with at RCN Capital. It doesn't matter if they are not the ones working on the file, they were all absolutely great and very helpful. The process was fast, no unnecessary delays if they can help it, we needed to close quickly because we were on a time crunch and they delivered, I was amazed. Thank you RCN Capital, Chris and everyone, you're really a five star lender.

Quick response to many questions.. Out of the box thinkers. They spend more time trying to make deals work rather than killing them. Only downside was the closing process. Attorney was very slow in providing a time table which caused multiple extensions. Maybe first time fluke?

Ok. In todays world, it's a rare occurrence when you find a person, company, or institution that will keep it's word if it means they may lose some material gain by keeping it

I'm a Broker that uses RCN's services. Just recently,a potential client that I introduced to RCN tried to circumvent me.(That means sneak behind my back and go directly to RCN to avoid my fee)

The young lady there,Anastasia immediately contacted me and, along with Chris Dorin, stopped that person in their tracks and basically told them that either they work thru me, or no deal at all

They could have easily took that persons deal, gave them the loan without my knowing..."for a few dollars more" as Clint Eastwood would say
So, yes, "We love our Brokers" may be their slogan

But it's also the TRUTH!
It's been tested and passed.... with flying colors in my book

Matt was very reliable as he did everything he promised me he would do. That in of itself is newsworthy if you are familiar with the mortgage business! I would not hesitate to refer Matt or RCN Capital to anyone looking to close a commercial real estate transaction with the least amount of stress!

For commercial lending situations only, and a good source when regular bank financing is onerous, slow, or unavailable. They're not cheap (non-prime lending isn't), but they'll underwrite and close quickly on properties/borrowers that need cash for rehabilitation. Nobody underwrites everything, but they seem reasonable. Best for "flip" situations. Communication is OK and they'll respond when called, but could be better/more proactive.

RCN is a good company to work with.

I would advise anyone looking to do business with RCN to

go foward.

Great service on a tight dealing helping close a major sale. Professional, responsive, helpful and more.

Thanks

Very cooperative responsive. Truly professional and quick. I would highly recommend RCN Capital. Look forward to working with you in the future!

RCN is very trustworthy. They are very willing to trust their clients with the money they lend. I plan on making RCN a lender that I will always have a business relationship with in the future. I would and have recommended them to many people already.

My Company has done several deals w/ RCN over the past yrs
The team @ RCN keep the process simple & easy. They typically close our loans within one week.

Theses guys good hard money lenders. Always return calls. I will use them again when I need this type of financing

It has been great working with RCN. Very fast and efficient.