Iron Bridge Lending vs. Renovo Financial
A side-by-side on the fields both lenders publish, followed by a read on where they actually differ.
| Criteria | ||
|---|---|---|
| Type | hard money | hard money |
| Headquarters | Lake Oswego, OR | Chicago, IL |
| Founded | 2009 | 2011 |
| Geographic focus | Western & Midwest | National, Midwest concentration |
| Products | fix-and-flip, bridge, new-construction | fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family |
| Loan size range | $75,000–$3,000,000 | $100,000–$5,000,000 |
| Max LTV | 75% | 85% |
| Max LTC | 85% | 90% |
| Terms | 12 months | 6-24 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical | 7-14 days typical |
| Rate range | 9.5%–12% | 9.5%–12.5% |
| Points | 1.5–3 pts | 1–3 pts |
Neither side carries a published verification date on this site — the figures above are as stated by each lender, unconfirmed as of a specific date.
Where they actually differ
Renovo Financial adds BRRRR and rental and multi-family. A deal that specifically needs one of those only has one side of this comparison to go to.
Pricing: Iron Bridge Lending quotes 9.5%–12% and 1.5–3 points; Renovo Financial quotes 9.5%–12.5% and 1–3 points. Where a specific file lands inside either range depends on leverage, credit and property type.
Loan sizing runs $75,000–$3,000,000 at Iron Bridge Lending and $100,000–$5,000,000 at Renovo Financial — a gap that mostly matters at either end of the range.
Term structure differs too: Iron Bridge Lending runs 12 months; Renovo Financial runs 6-24 months (hard money) / 30-year (rental).
Iron Bridge Lending
An investor who needs short-term fix-and-flip or new-construction financing and will source the rental takeout loan separately
Renovo Financial
A BRRRR investor who wants one lender to carry a deal from acquisition and rehab through to the 30-year rental refinance, including multi-family properties