2. What we do
We finance investors who…
Our clients make big profits rehabbing unlivable homes.
2
Turn this
Into this
3. Renovo Financial Advantages
Renovo Financial was founded with a simple business plan: to be the
leading finance company focused on the needs of individual Rehab
Investors.
We achieve these objectives through:
• Quick pre-approvals and immediate feedback
• Experienced team
• Loans structured to create a win-win for all parties
• In-house due diligence and closing process
• Local decision making
• In-house servicing and relationship management following closing
3
4. Our Company
Established Lender
• Relationship oriented portfolio lender
• Lending in all Chicagoland counties
• Local decision making
• Speed and certainty of execution
Dedicated Platform
• Exclusively focused on financing residential Rehab Investors
• Single family and 2-4 unit residential properties
• Flexible, first mortgage rehab loans for investors
Millions of Dollars in Lending Capacity and Support
• Backed by Institutional Private Equity
• Loans held on balance sheet; we are not brokers
• Full-service with in-house staff focusing on origination, processing, closing, and
servicing
4
5. Renovo Clients
Have successful track records of making money in residential rehab
investing
Generally are creditworthy and bankable, except for unlivable
condition of property
Execute one or both of the following strategies:
Redevelop
• Rehab and resell for a profit
• Profits range from $15,000 to $75,000+ per project
• Typically 6 months from purchase to sale
Build Rental Portfolio
• Rehab and hold for cash flow
• Monthly cash flow ranges from $500 to $2,000 per property
• Typically 4 - 6 months from purchase to refinance
5
6. Program Parameters
Loan Size: $50,000 - $450,000
Loan Types: First mortgage Acquisition and Rehab Loans
Property Types: Single family and 2 – 4 unit residential
Geography: Chicago and surrounding counties
Loan Term: 6 - 9 months
Loan to Cost: Up to 80%
Loan to After Repaired Value: Up to 60%
Interest Rate: 12.5% - 15%
Points: 3.5% - 6%
Prepayment Penalty: None
Fees: $1,000 processing, $100 per rehab draw inspection
Appraisals: required and ordered through an approved appraiser
Special Pricing: For Successful Repeat Customers
6
7. Sample Transaction
Arlington Heights, IL
• Project Type: Redevelopment
• Property Type: Single Family
• Purchase Price: $235,000
• Rehab Budget: $35,000
• Total Project: $270,000
• Renovo Loan: $200,000
• Borrower Investment: $70,000
• After RepairedValue: $385,000
• Equity Created: $115,000
• Outcome: Client accepted offer
with only 14 days on market for
$380,000.List price was $389,900.
Profit: $65,000 (after all soft costs,
money cost, and project overruns)
• Borrower Return: .93x investment
(279% annualized return)
• Total Project Time: 4 months
Before After
7
8. Sample Transaction
Skokie, IL
• Project Type: Redevelopment
• Property Type: Single Family
• Purchase Price: $52,000
• Rehab Budget: $88,000
• Total Project: $140,000
• Renovo Loan: $124,000
• Borrower Investment: $25,500
• After Repaired Value: $285,000
• Equity Created: $145,000
• Outcome: Client hits a home run!
Property sold 55 days from purchase
for $120,000, netting a profit of over
$40,000 after expenses. No rehab
work was done.
• Profit: $40,000 (after all soft costs,
money cost)
• Borrower Return: 1.57x investment
(941% annualized return)
• Total Project Time: 55 days
Before After
Sold before
Rehab started!
8
9. Sample Transaction
Chicago, IL (Austin)
• Project Type: Portfolio Builder
• Property Type: 2 Flat
• Purchase Price: $48,000
• Rehab Budget: $30,000
• Total Project: $78,000
• Renovo Loan: $63,000
• Borrower Investment: $15,000
• After Repaired Value: $125,000
• Equity Created: $47,000
• Outcome: Client refinanced with
conventional lender Renovo referred
client to. Both units were rented at
roughly $1,200 a unit.
Cash Flow: $2,400 gross rent with
about $750 PITI
• Total Project Time: 4 months
Before After
9
10. Sample Transaction
Chicago, IL (Logan Square)
• Project Type: Redevelopment
• Property Type: Single Family
• Purchase Price: $71,000
• Rehab Budget: $85,000
• Total Project: $156,000
• Renovo Loan: $118,000
• Borrower Investment: $37,000
• After RepairedValue: $290,000
• Equity Created: $134,000
• Outcome: Client had multiple offers
with in 7 days. Listed for $349,000
sold for $340,000.
Profit: $80,000 (after all soft costs,
money cost, and project overruns)
• Borrower Return: 3.6x investment
(324% annualized return)
• Total Project Time: 8 months
Before After
10
11. Contact Us
Chicago Headquarters
1016 W. Jackson Blvd. | Suite 316 | Chicago, IL 60607
Kevin Werner
• Direct: (312) 288 – 8628
• Email: kwerner@renovofinancial.com
Daniel Rosen
• Direct: (312) 243 – 3288
• Email: drosen@renovofinancial.com
www.renovofinancial.com
11
