Renovo Financial, LLC

Renovo Financial, LLC is a financial services company specializing in real estate investment loans, providing tailored financing solutions to property investors across the United States. Founded in 2011 and headquartered in Chicago, US, Renovo Financial focuses on real estate investment financing. The company has executed a total of 3 deals, with the most recent deal occurring on May 16, 2016, when it raised USD 25 mn in a GROWTH funding round led by Victory Park Capital. The CEO of Renovo is Kevin Werner.

Renovo Financial offers a variety of real estate investment loans, including rehab loans, rental "term" loans, new construction loans, and multifamily loans. These products are designed to support various stages of real estate investment projects, allowing for quick access to capital. The company serves individual investors and property developers in key markets such as Atlanta, Boston, Chicago, Denver, New York, and San Diego, leveraging local lenders’ market knowledge to aid clients in making informed decisions. Renovo Financial generates revenue through transaction-based financing in real estate investments.

Their service includes an efficient application and approval process, allowing clients to access funds typically within 24 to 48 hours. Revenue is derived from interest on loans and fees associated with loan origination and servicing, with a focus on competitive pricing compared to national lenders. Renovo Financial intends to utilize the recent funding of USD 25 mn from May 2016 to enhance its product offerings and expand into new markets. The company is exploring the development of additional loan products aimed at property investors and plans to enter new geographical regions by the end of 2023, although specific locations have not been disclosed.