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User Stats

320
Posts
70
Votes
Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
70
Votes |
320
Posts

RCN Capital Lending

Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
Posted

Hi, has anyone used RCN capital for lending?  If so, are they trustworthy and good?

User Stats

41,774
Posts
61,545
Votes
Jay Hinrichs
Professional Services
Pro Member
#4 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
61,545
Votes |
41,774
Posts
Jay Hinrichs
Professional Services
Pro Member
#4 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

dont know how good they are but they are REAL  so thats a good thing..

compared to the fake lenders on sm or the joker brokers.   PS I know there are great Brokers on BP  I am not talking about those folks

User Stats

320
Posts
70
Votes
Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
70
Votes |
320
Posts
Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
Replied
Quote from @Jay Hinrichs:

dont know how good they are but they are REAL  so thats a good thing..

compared to the fake lenders on sm or the joker brokers.   PS I know there are great Brokers on BP  I am not talking about those folks


By the way sold the portfolio at full ask. Got out of the DSCR.

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User Stats

3,541
Posts
1,096
Votes
Erik Estrada
Lender
  • Lender
1,096
Votes |
3,541
Posts
Erik Estrada
Lender
  • Lender
Replied
Quote from @Nathan Frost:

Hi, has anyone used RCN capital for lending?  If so, are they trustworthy and good?

 They are a legit lender, but I have found their terms to be average and their guidelines are more restrictive than other options. 

User Stats

978
Posts
267
Votes
Jared Rine
Lender
  • Lender
  • Sacramento, CA
267
Votes |
978
Posts
Jared Rine
Lender
  • Lender
  • Sacramento, CA
Replied

@Nathan Frost...They have a certain box, with their programs, just like any lender, but I like them, and have closed with them.  I'm probably biased being a broker, but I think you have a better experience going through a broker with them than borrower direct from what I know. 

  • Lender California (#01915324) and California (#893462)