Company increases office capacity
RCN Capital, a private lender specializing in real estate investment financing, has expanded its office in Charlotte, NC., doubling its capacity for employees.
The Charlotte office, which previously housed 25 employees, has been renovated and now has the capacity to accommodate up to 45 employees. This expansion is part of the company’s broader strategy to enhance its presence in the region and further tap into North Carolina’s local talent pool.
“We are thrilled to announce the official re-opening and expansion of our Charlotte office. This expansion is a testament to the sizable impact our Charlotte employees have had on RCN’s growth and success,” Justin Parker, RCN Capital’s chief financial officer, said in a Press release. “We’re ecstatic for the new job opportunities this brings to the Charlotte area and look forward to better servicing our clients while leveraging this region’s incredible talent pool.”
In addition to its Charlotte office, RCN Capital operates its corporate headquarters in South Windsor, Conn., and maintains an office in Los Angeles, California, which opened in 2023.
RCN Capital has also set ambitious goals for its lending operations, with plans to originate $1.85 billion in loans annually. The company recently hit a milestone, having issued over 30,000 loans since its founding, totaling nearly $7 billion.
Earlier this year, RCN Capital introduced a new investor financing course in collaboration with the Association of Independent Mortgage Experts (AIME). The course, offered through the AIME Academy, provides brokers with an in-depth understanding of RCN’s loan products and resources, as well as guidance on submitting deals to RCN. It is designed to help brokers better serve real estate investors and grow their business.
Read more: How can brokers get a leg up in investor financing?
RCN specializes in providing loans for real estate investors, focusing on non-owner-occupied residential properties. Its portfolio includes short-term financing for fix-and-flip projects, bridge loans, new construction financing, and long-term rental property loans.
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