Renovo Financial raises $25M

What does Renovo Financial do?

Renovo Financial, is a private lender which assists real estate investors who acquire, manage and renovate residential properties. The company is the prime provider of strategic and financial support for investors in real estate. The company is a rapidly growing specialty finance business providing capital to the investors of residential real estates. The company provides financial and strategic support to single and small family properties’ real estate investors. The company empowers the growth of the consumers’ businesses they serve by giving them responsive customer services, capital at the right time and supporting them in a project’s every stage. This company’s clients are very experienced project managers and investors who follow a buy and fix flip strategy for profit in short term or they use a buy- fix- hold method for building a long term investment.

How much Renovo Financial was funded?

The company raised $25 M in an undisclosed round on May 16, 2016 from the investors Victory Park Capital.

Previous funding

• $50M in undisclosed round on March 16, 2015 from the investor Victory Park Capital

What is next for Renovo Financial?

The company has closed its incremental $25 M commitment. The company’s investment came from a investmenr firm called Victory Park Capital which focuses on equity investments and middle market debt. This investor was impressed with the company’s asset management and underwriting over the past year and is excited to help catalyze the company’s accelerated growth as the company has plans of expanding its lending activities. The company plans on using the latest funding raised for continuing to aggressively grow its lending platform for providing best in class service to its investors in this undeserved marketplace.

More about Renovo Financial

Renovo Financial was founded in 2011 by Kevin Warner. It has its headquarters in Chicago, Illinois.

CHICAGO, IL, Renovo Financial, a Chicago-based private lender that assists real estate investors who acquire, renovate and manage residential properties, announced today that it has closed an incremental $25 million commitment.