Jeff’s dedication to promoting transparency throughout the private lending industry plus his tireless commitment to putting customers first has earned him a spot in AAPL’s January Member Spotlight.

As an inaugural member of AAPL’s Ethics Advisory Committee, Jeff leads by example and abides by all aspects of the Code of Ethics. He has placed a significant emphasis on developing company-wide processes that revolve around RCN Capital’s customers – knowing where they stand from application through closing. As a result of his commitment to providing excellent customer service, RCN Capital has experienced significant growth in 2017 and was able to double its amount of total origination from the previous year.

Learn a little more about RCN Capital’s Managing Director, Jeff Tesch:

Which AAPL benefit do you MOST value?
The AAPL Annual Conference is a great event and always provides RCN Capital with a significant amount of new opportunities. However, what I value most about AAPL is the fact that the association brings standards to our industry. AAPL plays such a critical role in holding private lenders accountable for their actions and has helped to remove a lot of the stigma that has surrounded our industry. Without AAPL, the private lending industry would continue to be like the Wild West and standards wouldn’t exist.

Why did you become a member?
As RCN Capital started to grow as a company, I wanted to begin building rapport with other folks in our line of business. I knew that becoming a member of AAPL would provide access to a higher caliber of private lending professionals and help facilitate relationships with the top lenders in the private lending industry.

What is your favorite AAPL memory?
One of my favorite memories is from the past AAPL Annual Conference in Las Vegas. RCN had Bloody Marys available at our booth and seeing the reactions of attendees when we offered them a drink on the second morning was hysterical. It was either a quick yes and a weary smile or a flat denial, no in-between. You could tell pretty quickly who went too hard the night before.

Why did you decide to enter the private lending profession?
As a real estate investor in 2010 after the melt down, I recognized the sheer amount of opportunities that existed with folks looking to invest in distressed properties that didn’t have access to the capital they needed. Starting RCN Capital gave me the opportunity to use my real estate investing experience to develop the products that people needed but weren’t able to get at that time.

What are some accomplishments you are particularly proud of?
Taking RCN Capital from a small local lender in Connecticut to a national industry leader all while staying true to my vision, that customers should always come first and experience the highest level of customer service from first contact through closing, has given me great pride. Also, seeing the employees that helped build RCN enjoy the benefits that come with the success we have achieved is the greatest joy of all.

Tell us something fun about yourself:
Most people wouldn’t take me for a NASCAR fan considering that I’m from the Northeast but I love the sport. I love it because of the individual competitiveness that it inspires in the drivers and that you can see their passion for the sport in each race.

What is your favorite book, and why?
My favorite book is Alive: The Story of the Andes Survivors by Piers Paul Read. It’s about the Uruguayan rugby team whose flight crashed into the Andes Mountains in 1972 and had to survive on their own. I read it in college and that story has stayed with me ever since. It really showed just what you had to go through to survive.

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To see yourself in the spotlight or nominate a member, just complete one of these form with some basic information.  A member of the AAPL team will then follow up with you.  It only takes a minute and the committee would love to hear from you.