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Renovo Financial

Renovo Financial

Renovo Financial is a leading nationwide private lender specializing in fast, reliable fix-and-flip rehab loans, new construction loans, and rental DSCR loans.
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Renovo Financial

222 W. Adams St, Chicago, IL 60606
(888) 568-8894
origination@renovofinancial.com
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Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$10B+
Capital Deployed
2014
Year Founded
Renovo Financial is a Chicago-based private real estate lender founded in 2014 that has deployed over $10 billion across more than 9,000 borrowers in 30+ active markets. Their core differentiator is a fully in-house servicing model from origination through final draw - paired with a dedicated local lending team in each market who knows the neighborhood comps before your application hits their desk.

Where They Lend

Nationwide
30+ Markets Nationwide
Renovo Financial operates through a network of 30+ dedicated local lending offices covering major metro markets from Boston to Phoenix, Chicago to Miami, and the Pacific Northwest. Unlike purely digital lenders, each market has a resident lending team that handles asset valuation and deal review with first-hand knowledge of local price trends and renovation cost benchmarks.

Loan Types, Structures and Terms

Renovo Financial offers a full suite of investor loan products covering fix-and-flip rehab, ground-up new construction, and long-term rental financing, with additional programs for multifamily bridge, SFR portfolio, and homebuilder finance.
Fix-and-Flip
New Construction
Rental (DSCR)
Renovo Financial Rehab Loans provide short-term capital for investors purchasing and renovating distressed residential properties, underwritten on asset value and exit strategy rather than personal income documentation.
Fix & Flip Feature Structure & Terms
Project TypesSingle-family, condos, townhomes, 2-4 unit multifamily
Loan Limits & TermsContact Renovo for current loan limits | 6 to 24 months | Interest-only, first-lien position
Leverage Ratios (LTC/ARV)Competitive LTC and ARV leverage limits structured around the deal's exit strategy; contact your local Renovo lending team for current parameters
Structural AdvantagesIn-house servicing from day one through final draw. Local lender assigned to your deal who knows your market. Borrowers can submit FlipperForce Rehab Estimator scopes and Investment Reports directly to validate repair budgets and ARV at application.
Renovo Financial New Construction Loans finance ground-up residential builds from lot acquisition through vertical finish, with loans closing in as little as 10 days and construction draws processed in as fast as 48 hours.
Construction Feature Structure & Terms
Project TypesSingle-family spec homes, townhome developments, infill 2-4 unit multifamily, larger multifamily through dedicated multifamily construction program
Loan Limits & TermsContact Renovo for current loan limits | 12 to 24 months typical | Interest-only, first-lien position
Leverage Ratios (LTC)LTC parameters scale with builder experience; contact your local Renovo team for current leverage tiers. 100% of construction budget covered through milestone draw schedule.
Structural AdvantagesLoans close in as little as 10 business days. Construction draws funded in as fast as 48 hours. Builders who use the FlipperForce Scheduler to document milestone timelines and the Project Budgeter to track live budget variance arrive with the documentation Renovo needs to approve draws quickly.
Renovo Financial Rental Loans provide long-term financing for buy-and-hold investors, qualifying entirely on the property's cash flow without W-2s, tax returns, or personal debt-to-income analysis.
Rental DSCR Feature Structure & Terms
Property TypesSingle-family residences, 2-4 units, condos, townhomes; larger multifamily portfolios available through SFR Portfolio and Multifamily Term programs
Loan Limits & ProductsContact Renovo for current loan limits | 30-Year Fixed and ARM options | Single-asset and portfolio aggregation available
Leverage Ratios (LTV)Competitive LTV available for purchases and rate-term refinances; contact your local Renovo team for current cash-out refi parameters
Structural AdvantagesNo W-2s, tax returns, or DTI required - qualification is based purely on property cash flow. BRRRR investors can model projected DSCR and cash-on-cash returns using the FlipperForce BRRRR Analyzer before committing to the rental exit, validating the refinance path with Renovo before closing the rehab bridge.

Borrower Qualifications (Are you qualified?)

Renovo underwrites the deal, not the borrower's income history - qualification is driven by the property's value, the quality of the rehab scope, and a viable exit strategy.
Qualification Parameter Lender Requirements
Experience LevelsAll Experience Levels Welcome. Renovo works with first-time investors and seasoned operators alike. More experienced builders with documented exit histories can unlock higher leverage and more favorable construction draw structures.
Credit RequirementCredit reviewed as part of overall deal package. Renovo takes a flexible, relationship-driven approach to credit; contact your local lending team to discuss your specific situation.
Income VerificationAsset-Based Lending. Qualification is driven by the property's value and projected cash flow, not personal W-2 income, pay stubs, or personal debt-to-income ratios.
Entity RequirementBusiness Entity Recommended. Most loans are structured under an LLC or Corporation. Contact your local Renovo lending team to confirm entity requirements for your specific loan product.

Underwriting Process (How long will it take to get approved?)

Renovo's in-house team handles every stage of underwriting internally, avoiding the delays that come with outsourced appraisal queues. Their local lending teams know the market, which means valuation reviews move faster and don't rely on generic automated models.
Stage / Requirement Process & Timelines
Initial ReviewYour local Renovo lending team conducts an initial deal review, typically within 1 to 2 business days of receiving your complete application package via the borrower portal.
Property ValuationRenovo uses an in-house, locally-informed valuation process. Because their lending teams work in the same markets they lend in, ARV validation moves faster than lenders relying on third-party desktop appraisals.
Speed to CloseNew construction loans can close in as little as 10 business days. Rehab loans follow a similarly fast-track path - contact your Renovo lending team for timeline expectations on your specific loan product.
Document ChecklistProperty Purchase Contract, LLC/Entity formation documents and EIN, proof of liquidity for down payment, and an itemized Scope of Work (SOW). FlipperForce users can export their Rehab Estimator line-item budget directly as the SOW.

Draw Process (How long will it take to get draws?)

Renovo processes construction draws in as fast as 48 hours after inspection approval, one of the fastest turnaround benchmarks in the private lending space. This speed directly protects the FlipperForce Scheduler timelines you've built - contractors get paid on schedule and project momentum doesn't stall waiting on a wire.
Operational Step Methodology & Timelines
Draw SystemMilestone-based draw schedule. Rehab and construction budgets are funded in phases aligned to completion milestones, keeping capital deployment tied directly to verified work progress.
Inspection MethodIn-house inspection team. Renovo handles inspections internally through their local office network, allowing faster scheduling and approval than third-party inspection queues. Contact your lending team for digital photo/video upload options.
Funding TurnaroundOnce an inspection is approved, wire transfers are initiated and funds reach your account in as fast as 24 to 48 hours. This speed keeps contractor schedules built inside the FlipperForce Scheduler running without payment delays.
Draw FeesDraw inspection and processing fees vary by loan product and market. Contact your Renovo lending team for the current fee schedule applicable to your loan structure.