Frequently Asked Questions

Loan terms are unique to each project, but we always cover 100% of renovations with the remainder going towards the purchase price. Properties within 50 miles of Minneapolis have the most favorable terms, but we will explore properties up to 75 miles out. Use our online Deal Analyzer tool to explore preliminary financing options tailored to your project. Fill out and submit the required information and we’ll email you a one-page analysis showing potential loan scenarios.

The Deal Analyzer provides a quick snapshot of possible deal options to help you decide if that project is worth pursuing based on your numbers. IF you are ready to move forward and officially submit a deal for formal underwriting, use Submit Your Deal to start the loan process (see "What is the loan process and how long does it take?")

Start the formal underwriting process by filling out our Submit Your Deal form with your project details.  Our team will take approximately 24 to 48 business hours to generate terms which will include several financing options. We’ll also send a property-specific commitment letter that can be used to get the property under contract.


If you are a certified borrower with Renovo Capital, we can close within three to five business days with the title company of your choosing. If not yet certified, this process takes an additional one to three business days.

Our certification is free, no cost to you. Just fill out an application and provide two years of tax returns, bank statements, and your entity documents. We do not pull credit but will do a soft background check that includes judgements, liens, and any concerning criminal history.
Renovo only charges an origination fee between two and three points (depending on which loan to ARV option you select), that's it!  Unlike our competitors, we don't charge any additional fees such as appraisal, background check, processing, or administration fees.
We will lend against fire damaged and Category 2 projects. Due to the nature of those projects, we have additional parameters that include having experience with this type of project, slightly lower loan to ARV, and reserve minimums (not required for other projects). If you are exploring a project within these categories, please feel free to reach out to discuss further.

We look at the whole picture, including but not limited to comparable sales and scope of work.


Because we do our analysis in-house, we typically underwrite a project within 48 hours of receiving details from the Submit Your Deal form. We do NOT require a professional appraisal to validate our ARV, saving our clients cost and time.

Down payments vary by project depending on the purchase price, construction budget, ARV, and loan option you select. We do not require a minimum down payment, so there may be times our loan covers 100% of your costs. The down payment is determined by the difference between the purchase loan amount and the purchase price plus our origination fee and title company closing costs (origination fees and closing costs are not included in our loans so they will always be due at closing).
Yes. If you are exploring second mortgages (also known as subordinate or gap financing), you are required to tell us ahead of time.
Our renovation loans give you 8 months to complete, sell/refinance, and pay off the loan. Renovo does NOT collect any monthly payments throughout that 8-month term.

We try to make draws as seamless as possible.  Submit each draw request online using our Draw Request form.


Once we receive all the required documentation (receipts, lien waivers, as well as a clear tract search form the title company) and confirm enough construction progress has been made (we track progress with a bi-weekly inspection), we'll email you a Draw Authorization to e-sign. Once signed, we'll disburse funds to the title company within 48 hours. You'll need to coordinate with the title company your preferred payment method.
Do you have additional questions?

If you have additional questions, please reach out to us at 952.300.8462, email us at info@renovomn.com, or fill out our contact us form!