Even with market headwinds, the company projects $1.7 billion in new originations this year.
“RCN’s continued success is a testament to the hard work and dedication of our employees, the trust and support of our clients, and the strong partnerships we have formed over the years,” Tesch said. “We are so grateful and look forward to continuing to make an impact in the private lending industry in 2023 and beyond.”
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, bridge financing, and long-term rental financing for real estate investors.
Want to make your inbox flourish with mortgage-focused news content? Get exclusive interviews, breaking news, industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
Source: mpamag.com