Renovo Capital LLC provides short-term financing for experienced fix and flip investors. They typically work with investors who have a proven track record of efficiently completing projects. Rates start at 10% and they’ll lend up to 65% of a project’s estimated completed value. They have been in business since 2011 and funded around 400 loans. They got a score of 80 in Credio by Graphiq Rating.
|Business Name:||Renovo Capital LLC|
|Business Address:||407 Lake Street East, Suite 201 Wayzata, MN 55391|
Renovo Capital LLC Rates & Terms
|Types of Properties||Single family|
|Loan Amount||Minimum of $80,000|
|LTV||65% of the estimated completed value of project|
|Lender Fees||Origination fee: 2%|
|Loan Terms||8 to 11 months|
|Minimum Qualifications / Documentation||At least 20% down payment or a minimum of $35,000|
Good credit background
Financials on previous projects
|Time to Funding||typically one week|
|Other Financing Available||New construction loans|
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
States Currently Lending In