FOR IMMEDIATE RELEASE
Contact: Erica LaCentra
SOUTH WINDSOR, Conn. (November 29, 2021) – RCN Capital, a leading nationwide private lender specializing in providing financing for real estate investors, has announced that professional real estate investor and entrepreneur, Tim Herriage will be joining the company as its new Executive Director of Retail Loan Development.
In his role at RCN Capital, Herriage will be responsible for overseeing initiatives to strengthen RCN Capital’s direct to investor lending presence and increase retail sales. Additionally, Herriage will work to expand awareness in this area by developing and executing strategic initiatives with the goal of growing the retail lending channel.
For two decades, Herriage has been on the leading edge of the Real Estate Investor space, with time spent as Co-Founder and Managing Director of Blackstone’s B2R Finance, the Founder of 2020 REI Group, the Founder of the REI Expo and as a Franchisee and Development Agent for HomeVestors® of America.
“I have known Tim for nearly a decade, and over that time I have watched Tim build some of the most iconic brands in the private lending industry,” said Jeffrey Tesch, CEO of RCN Capital. “In addition, Tim served our country admirably in our armed forces and honed his tremendous leadership skills. The RCN Capital family could not be more proud to bring on an entrepreneur who embodies the RCN Capital culture and work ethic that has propelled our firm and its employees to the forefront of the private lending industry.”
Herriage has also personally completed well over $1B in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-year career, and will use his background and unique perspective of the space to jumpstart RCN’s organizational initiatives in 2022.
About RCN Capital
RCN Capital is a South Windsor, CT based national, direct, private lender. Established in 2010, RCN provides commercial loans for the purchase or refinance of non-owner occupied residential and commercial properties. The company specializes in new construction financing, short-term fix & flip and bridge financing and long-term rental financing for real estate investors. For more information on RCN Capital and RCN’s loan programs, visit www.RCNCapital.com.