Renovo Financial Receives $50M Investment from Victory Park Capital

Renovo Financial, a Chicago, IL-based private lending company that assists rehabilitation investors in acquiring, renovating and selling/renting residential properties, received a $50m investment from Victory Park Capital (VPC).

The transaction, which has a $100m potential upsize, will refinance Renovo’s existing finance loan portfolio growth and will support growth initiatives and diversification of its product offerings.

Founded in 2011 by Kevin Werner, CEO, Renovo originates short-term rehab loans and long-term landlord loans to creditworthy and experienced residential rehab investors enabling them to reduce their cost of capital as well as acquire and sell properties.
The company typically funds small to mid-sized projects up to $1m.



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