RCN Capital Acquires Industry-Leading Tech Company, BLN Software

Acquisition Marks Major Investment by Private Lender into Wholesale Client Growth Initiatives

SOUTH WINDSOR, Conn., Feb. 4, 2025 /PRNewswire/ -- RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, announced the acquisition of BLN Software, the leading software provider offering a Loan Origination System and Loan Management System for the private lending industry.

By bringing BLN Software under RCN Capital's company umbrella, the lender is looking to provide even more robust tools for its wholesale clients by investing in a state-of-the-art software platform that they can leverage to grow their businesses.

"Having experienced firsthand the remarkable impact of utilizing BLN Software as our Loan Origination System, we are excited to bring such a cutting-edge and dynamic software provider into the RCN Capital family," said Jeffrey Tesch, CEO of RCN Capital. "With the addition of new resources, we look forward to offering BLN Software's products to other Lenders and Lending and Brokers, empowering them to drive growth and success in their own businesses."

Since its inception, BLN Software has been delivering innovative software solutions for the private lending industry. Their robust platform empowers both lenders and brokers with the tools they need to streamline processes, make data-driven decisions, and achieve long-term lending success. BLN Software helps clients capture new opportunities, enhance their workflow efficiencies, and build lasting relationships. Today, leading lenders and brokers rely on BLN Software to optimize their operations and drive sustainable growth.

"This partnership marks a significant milestone for BLN Software and strengthens our ability to deliver exceptional solutions to our clients", says BLN Software's Managing Director, Matthew Volz. "With RCN Capital's industry expertise, we are better positioned to expand our software offerings and continue providing the innovative tools that empower lenders and brokers in our space. Together, we will drive greater success for our clients and transform the future of real estate lending."

About RCN Capital
RCN Capital is the leading nationwide wholesale lender that provides residential investment loans for the purchase or refinance of non-owner-occupied single-family & multi-family properties. RCN specializes in providing wholesale partners with financing options for ground-up construction projects, fix & flips, and rental properties for their real estate investor clients. RCN lends to both new and experienced real estate professionals throughout the country. For more information on RCN Capital & our loan programs, visit: www.RCNCapital.com.

About BLN Software
BLN Software is the leading software provider for the private lending industry. BLN's platform centralizes and organizes deal scenarios from direct investors, mortgage brokers, and private lenders in a cloud-based solution. Founded by industry experts with decades of experience in real estate investing and lending software, BLN Software streamlines the lending process for mortgage brokers and private lenders. BLN's platform offers a Loan Origination System and Loan Management System, allowing users to order credit reports, background checks, property valuations, and upload required documents. Additionally, BLN's platform allows users to easily store, and access client contact information.

With BLN Software, users can increase efficiency and grow their business. Choose the industry-leading software solution for your lending needs. Visit www.blnsoftware.com to learn more about BLN Software and the solutions they offer.

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SOURCE RCN Capital