A new origination milestone has been reached by RCN Capital.

Over 20,000 loans have been funded by the Connecticut-based private lending company since its founding in 2010. As the real estate industry continues to experience turbulence, RCN credits its success to its dedication to providing funding options to investors.

Based on RCN Capital CEO Jeffrey Tesch’s description, their core mission has been to provide financing to investors who are rehabilitating distressed properties so that families will be able to call it home again. The company is at an important moment in its history as they reflect on its accomplishments and how they have given back over the years.

Although market conditions are challenging, the company anticipates new originations of $1.7 billion this year.

It is the dedication and hard work of RCN’s employees, their clients’ trust and support, and the strong partnerships they have built over the years that have led to the firm’s continued success. Their gratitude is overwhelming and they look forward to continuing to make an impact in the private lending industry this year and in the years to come.

A non-owner-occupied residential property can be purchased or refinanced with a commercial loan from RCN. Real estate investors can get financing for new construction, short-term fix-and-flips, bridge loans, and long-term rental properties from the company.

Since it was founded towards the end of the recession, RCN Capital has been able to capitalize on a turbulent housing market where many real estate investors see great potential. In fast-moving and competitive real estate markets, conventional financing has become less available due to a lack of liquidity in credit markets and increased banking regulation. RCN Capital fills this void as the nation’s leading direct private lender.