South Windsor, CT – RCN Capital, LLC (RCN), a leading nationwide private lender to residential real estate investors, announced the recent closing of a $28.5 million investment-grade corporate note issuance. Proceeds from the A-rated transaction will provide growth capital to fund new originations.
Brean Capital, LLC served as the Company’s Exclusive Financial Advisor and Sole Placement Agent in connection with the transaction.
RCN Capital is a leading nationwide wholesale lender that provides residential investment loans for the purchase or refinance of non-owner-occupied single-family and multi-family properties. RCN’s comprehensive product offering, vertically integrated platform, and seasoned team of industry professionals have enabled the company to become a leader in the private lending space.
“RCN Capital continues to experience tremendous growth, and this additional capital will further empower us to support the opportunities of real estate investors throughout the country,” stated Jeffrey Tesch, founder and CEO of RCN Capital. “We’re excited to see how this growth capital will enhance what we can do for our partners moving forward.”
“This A-rated capital raise marks a significant and timely milestone for RCN as we continue to scale our platform and meet the growing demand from our partners nationwide,” added Justin Parker, CFO of RCN Capital. “We’re particularly excited about the positive impact this raise will have on our wholesale partners, enhancing our ability to deliver products and services that help fuel opportunity in an otherwise volatile marketplace.”
Founded in 2010, RCN Capital has originated over $8.2 billion and funded over 37,000 business-purpose loans. Headquartered in South Windsor, CT, with additional offices in Charlotte, NC and Los Angeles, CA, RCN specializes in providing wholesale partners with financing options for ground-up construction projects, fix & flips, and rental properties for their real estate investor clients. For more information, please visit: www.rcncapital.com.
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 50 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more information, please visit: website.