VPC to Back Renovo with $50M, Potential for $100M Upsize
April 16, 2015
Victory Park Capital has announced that it will make a $50 million investment in Renovo Financial, with a potential upsize of $100 million. Founded in 2011, Renovo is a private lending company that assists rehabilitation investors in acquiring, renovating and selling/renting residential properties. The investment will refinance the company's existing portfolio, finance loan portfolio growth and support expansion into new markets outside of the Chicagoland counties.