Upcoming initiatives
One of the challenges that RCN Capital has seen in recent years is the lack of information that potential investors possess when considering commercial investment opportunities.
If, for example, an investor is looking to buy a house as a rental investment, often the assumption is made that the only lending option would be a traditional amortized mortgage loan.
Herriage is determined to have the necessary conversations with these investors to open their eyes to the many non-QM options that fit their investment goals.
“We have to keep the dialogue going to the point that they (investors) are aware that there are private loans are out there and they are amazing. Some of our products have been around for over eight years now and yet there are still investors in the marketplace that think that they are only limited to Fannie Mae and Freddie Mac mortgages and refinance.”
Meeting with investors on a one-on-one basis in an “almost evangelistic way by spreading the necessary information and sharing the available opportunities,” is viewed by Herriage as the route to success for drawing in investor interest.