Rehab/ Fix & Flip, New Construction, and Refinance loans for investors
Renovo finances rehab/ fix & flip and new construction projects, both presold and spec/ models. We will also refinance completed projects waiting to sell.
We finance up to 65% – 70% of the completed value or ARV of your property. With NO monthly interest payments, our loan fees are 2 to 4 points with a 10% annual interest rate. Check out the pages on each loan program to learn more about Renovo’s ability to help streamline your financing.
For all clients, we have a two-part application process. The first is the client application completed one time. The second is the property application for each project you contemplate. During the client application process, we get to know about one another and make sure we are a good fit to work together. This includes sharing information about both your relevant experience and financial information. After this we will underwrite each property you contemplate purchasing to ensure we believe it is a risk worth taking for both of us.
For new clients, we can typically complete the underwriting for a new client within five business days of receiving a completed application.
After you have been approved we can typically close loans within 48 hours of receiving your proposal for a new project. Please contact us and we can provide you with more information about our process as well as an application.