Private Lender RCN Capital Announces CEO Transition Plan

/Private Lender RCN Capital Announces CEO Transition Plan

RCN Capital Announces CEO Transition Plan

By |2019-06-26T18:29:42+00:00June 24th, 2019|News Story, Sponsored Post|0 Comments

After nearly a decade of filling the role of Managing Director at RCN Capital, Jeffrey Tesch will be stepping forward as the company’s new Chief Executive Officer, effective July 1st, 2019. Mr. Tesch, who has been with RCN Capital since its founding, has led efforts to develop the company into a national brand within the private lending industry with a focus on superior customer service and transparent loan products for a diverse customer base.  That is why, when the current Chief Executive Officer, Don Vaccaro, decided to leave his current role, Jeffrey Tesch was the first person he thought to tap as his successor.

“Jeff has the intelligence to run it (RCN Capital), as well as the intelligence to make logical entrepreneurial, business decisions,” said Vaccaro when asked how he feels about Tesch stepping in as CEO. “But Jeff also knows how to craft deals that make people want to do business with us, and those win-win deals are everything.”

Since RCN Capital’s start in early 2010, which at that time the company was known by the name Rehab Cash Now, Tesch has always focused on a customer-centric approach to lending. Tesch has worked to ensure that employees deliver exceptional customer service at every point during the loan process. That model has distinguished RCN Capital in the private lending space and elevated the company to where it is today.

Tesch is known throughout the industry for setting strong standards in private lending and for his desire to listen to, learn from and leverage the friendships he has developed over the years. His impressive accomplishments and willingness to help newcomers in the private lending space have earned him universal respect amongst his colleagues. Tesch also has his pulse on changes in the economy and their effects on private lending. These qualities are precisely what make him the right person to lead RCN Capital into the company’s next chapter.

With 2019 already off to a strong start, the company hit a major milestone in April of this year, $1 billion in loan originations since inception, 2020 signals another momentous occasion. The company will celebrate a decade in private lending, with Tesch at the helm. Over the previous decade, Tesch has always displayed the characteristics of a great leader and has been humble in his role as Managing Director. Tesch frequently attributes much of the company’s success directly to his team at RCN.

Going into the company’s 10-year anniversary, Tesch plans to take the same approach to running the company as CEO as he did while being Managing Director: protecting RCN Capital’s brand, cultivating strong partnerships and hiring people who share the same vision for the company, a passion for delivering the best possible customer experience.

“I want to thank all of my employees that have contributed to the company’s success and have made RCN what it is today,” said Tesch. “It is truly a privilege to have been named Chief Executive Officer of RCN Capital and I look forward to working with my team to drive the company’s future growth. Under my leadership, RCN Capital will continue to take great pride in setting the highest ethical standards in the private lending industry and moving our space forward as a whole.”

By |2019-06-26T18:29:42+00:00June 24th, 2019|News Story, Sponsored Post|0 Comments

Leave A Comment

Membership Questions?
Call 913-888-1250

Sign up for AAPL Membership:

AAPL has memberships specifically tailored for private real estate lenders.
Find one that works for you.

Join Now

Already a member? Sign In.

Forgot Password?

Forgot Password?

Please enter your email. The password reset link will be provided in your email.