MReport October 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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52 | TH E M R EP O RT SPECIAL ADVERTISING SECTION: 2018 ORIGINATION GUIDE KEY PERSONNEL Jeffrey Tesch Managing Director Deborah Ordille VP of Lending Terri Gaskell Operations Manager Erica LaCentra Marketing Manager Matt Ferrigno Senior Loan Officer STAFFING 60 employees CONTACT INFORMATION 75 Gerber Road East, Suite 102, South Windsor, CT 06074 Phone: 860.432.5858 Email: Web: COMPANY DESCRIPTION RCN Capital is a nationwide private direct lender that provides short-term fix-&-flip financing and long- term rental financing for real estate investors. RCN Capital's loans range from $50,000 to $2.5 million and can be used for the purchase or refinance of nonowner-occupied residential and commercial properties, financing of renovation projects, and bridge funding. RCN Capital lends to real estate professionals, commercial contractors, developers, and small business owners throughout the country. At RCN Capital, referrals are valued and brokers are protected. It is committed to the highest level of customer service, because its success lies in building relationships. For more information on the company or its loan programs, visit COMPANY HISTORY RCN Capital was established in 2010 to provide time- sensitive bridge financing to real estate investors to fund the purchase of nonowner-occupied residential and commercial properties, provide bridge loans, and provide real estate-backed lines of credit. Formed towards the end of the recession, RCN Capital benefited from a turbulent housing market in which many real estate investors saw a great opportunity. A lack of liquidity in the credit markets and increased regulation of the banking industry-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 has helped fill this void. GEOGRAPHICAL SCOPE AND COVERAGE AREA RCN Capital currently lends in 45 states with the exception of Minnesota, South Dakota, North Dakota, Vermont, and Oregon. BUSINESS LINES, SERVICES, AND PRODUCTS After Repair Value Loan Program • Term: 12 Months • Rates: Starting at 7.99 percent • LTV: Up to 75 percent of After Repair Value • LTC (Loan-to-Cost): Up to 85 percent of Purchase Price + 100 percent of Rehab Cost Buy-to-Rent Loan Program • Term: 24 Months • Rates: Starting at 7.99 percent • LTV for Purchase: Up to 75 percent of the As-Is Value • LTV for Refinance: Up to 70 percent • LTV for Cash-Out: Up to 65 percent • Long-Term Rental Loan Program • Term: 30 Years • Rates: Starting at 5.99 percent • LTV for Purchase: Up to 80 percent of As-Is Value • LTV for Refinance/Cash-Out: Up to 75 percent KEYS TO SUCCESS As a direct lender, all of RCN Capital's loans are underwritten and approved in-house, assuring that they can close quickly, oftentimes in as few as 10 business days. The company's nationwide scope allows RCN Capital to work with investors throughout the country and in cases where real estate professionals are looking to invest in multiple states, their process is identical regardless of where the property is located. With RCN Capital's ARV loan program, we do not charge interest on the hold back, only on disbursed funds, saving investors money over the term of their project. The company also saves its investors money by having no prepayment penalties on its ARV program. COMPETITIVE ADVANTAGE What sets RCN Capital apart from its competitors is its loan programs and rates. Because of RCN Capital's size, it has the ability to be more competitive than most other private lenders. The company prides itself on personalized service with one-on-one contact with a loan officer. This ensures brokers and borrowers receive personalized attention that many tech-centric private lenders don't offer. ADDED VALUE TO CLIENTS RCN Capital not only offers tech solutions for its customers but has also invested in its employees so that from intake to postclosing, customers receive the highest level of customer service. RCN Capital also retains complete control of the rehab process so that its customers are interacting with members of its servicing team and maintaining one-on-one communication from the initial draw request through the payoff. KEYS TO SUCCESS RCN Capital invests in the highest-quality team members and provides them with the tools they need to be successful. That has allowed the company to build a customer-centric company, with the idea that customers are treated as well as employees. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES • National Mortgage Professionals' Top Mortgage Employer Award in 2015, 2016, 2017, and 2018 • Pitbull Conference Rehab Lender of the Year in 2017 • AREAA Boston Strategic Partners Award in 2016 and 2017 • Think Realty 2016 Private Lender of the Year in the Residential Category RCN Capital

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