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RCN Capital achieved an origination milestone of surpassing 10,000 loans funded since the company's inception in 2010.
According to a press release, this is the second funding milestone for RCN Capital in 2021. The company also surpassed $2 billion in originations across its financing options for fix and flip projects, long-term rentals and ground-up construction since its founding in February, according to the report.
“This is an incredible milestone that would not have been possible without RCN Capital’s hard-working employees,” said Jeffrey Tesch, RCN Capital’s CEO. “A tremendous thank-you to all of our current, former, and soon-to-be RCN Capital family members.”
RCN Capital is currently on track to exceed $1.1 billion in originations for the year. The company was also recognized this year for its explosive growth after ranking number 180 on the 2021 Inc. 5000 Regionals: NYC Metro list which ranks the fastest-growing private companies in the New York City Metro Region.