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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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 5 out of 5 stars

Flexible and efficient

Great group to work with. Especially on short notice and for unconventional finance situations. RCN really helped us out with a creative short term capital solution.

June 19, 2014
Unprompted review
Rated 5 out of 5 stars

RCN is a great company to work with!

RCN has a great team of people to get your loan done in the time frame needed to keep your deals going smoothly. We appreciate the one on one interaction during the loan process...you actually have a name, not just a loan number, and are able to talk to the same person each time you call! Thank you!

June 19, 2014
Unprompted review
Rated 5 out of 5 stars

Always there when I need support

Jonathan Allan is awesome to work with.
Seamless , effortless and always gets it done.
Quick to close deals and always on time.
I would recommend RCN always.

Keep it up there is more to come..

Thanks

June 18, 2014
Unprompted review
Rated 5 out of 5 stars

RCN can provide commercial loans in a very fast and easy way.

RCN is a lender that can provide commercial loans in a very short time using a very simple procedure. My experience with them has been just great. After applying for a loan I needed, they reviewed my information, then decided I qualified for the loan and gave it to me very fast and without any complication. That is something that anyone could appreciate when needing a loan seriously.

June 18, 2014
Unprompted review
Rated 5 out of 5 stars

Hello RCN Capital now

Hi, I am Celestin. I purchased two properties ( 109 and 111 South Fulton ave ) in Mount Vernon. Nick has helped me through these two purchases. Nick worked me through the procedures and made so easy for me to get these two loans through Rehab Cash Now. He is a very good guys to work you and also available when you need him. I would thank to thank RCN for giving me this opportunity and also for them to work a good guys like Nick into their team. Thanks.
Celestin Ngnabeuye

June 18, 2014
Unprompted review
Rated 4 out of 5 stars

Got it done

RCN Capital was a good provider, the only issue I really had was additional fees they added even before a year was up. It was part of their agreement, but really seemed excessive when a year hadn't even past yet.

June 18, 2014
Unprompted review
Rated 4 out of 5 stars

This is the benchmark on service!

I have had great working relationship with RCN. They are very responsive to quick turnaround times on a nationwide basis and handle the stress calmly . I look forward to doing more business with RCN in the future.

June 18, 2014
Unprompted review
Rated 5 out of 5 stars

They provide opportunity that does not exist in the conventional market

I am currently going through another opportunity and RCN is again my choice to do business with. They provide opportunity where conventional banks would not even give you a chance. Their terms are reasonable and their rates are fare. The terms are straight forward and when you actually do call or email, someone answers my inquires in a timely manner. I would not hesitate in recommending RCN to anyone in the market to invest.

June 18, 2014
Unprompted review
Rated 5 out of 5 stars

Quick, easy, deal closed. Idt doesn't get any better.

Martha gets things done fast. This closing was a short sale. She approved the deal same day it was submitted but had to wait for bank to approve buyers end...Then we quickl closed...Buyerf happy , seller happy, lender happy, broker happy...That's how deals are supposed to be...Thank you Martha...

June 18, 2014
Unprompted review
Rated 5 out of 5 stars

How about one word? AWESOME!

RCN is one of the few companies that I have come across that do what they say they will do, and they will go the extra mile to get it done. I am sure that everyone there is awesome, but I know for a fact that Matt Ferrrigno is AWESOME. It is very rare in this business that you feel like you can count on someone, and Matt has exceeded all expectations.

June 17, 2014
Unprompted review
Rated 5 out of 5 stars

Great To Work With

We were very pleased with the service and quick response time we received. Kevin Mahder was great to work with and we would definitely do business with RCN again.

June 17, 2014
Unprompted review
Rated 4 out of 5 stars

I will let you know when I get paid.

Kevin Mahder is a very good representitive. This was a small and drawn out deal. As it was a foreclosure and dealing with Ocwen was horrible. The deal closed Thursday
June 12th they are supposedly recording Wed the 18th and paying me after that. Time will tell how much chasing I will have to do get my fee.

June 17, 2014
Unprompted review

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