Jeffrey Tesch, RCN’s CEO, said that he had known Herriage for nearly a decade, and that the new hire had built some of the most “iconic” brands in the private lending industry.
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“In addition, Tim served our country admirably in the Armed Forces where he honed his tremendous leadership skills,” Tesch added. “The RCN Capital family could not be [prouder] 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.”
RCN said in a Press release that Herriage had completed over $1 billion in real estate investment transactions over a 20-year career, including the acquisition of more than 2,000. The appointment, the company said, would see the executive use his background and “unique perspective of the space” to carry out RCN’s organizational initiatives next year.