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 70% of the completed value or ARV of your property. With NO monthly interest payments, our loan fees start at 2 points with annual interest rates starting at 9%. 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 property you are interested in purchasing. 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, financial information, and your goals. After this we underwrite each property you consider purchasing to evaluate whether the risk is worth taking for both of us.
For new clients, we can typically complete the underwriting within five business days of receiving a completed application.
After you have been approved we can typically analyze project within 1 business day and close loans within 2 business days of receiving title work. Please contact us and we can provide you with more information about our process as well as an application.