Renovo Financial vs. ROC Capital
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 | Chicago, IL | New York, NY |
| Founded | 2011 | 2014 |
| Geographic focus | National, Midwest concentration | National |
| Products | fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family | fix-and-flip, BRRRR, rental, bridge, new-construction |
| Loan size range | $100,000–$5,000,000 | $75,000–$5,000,000 |
| Max LTV | 85% | 80% |
| Max LTC | 90% | 90% |
| Terms | 6-24 months (hard money) / 30-year (rental) | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical | 10-21 days typical |
| Rate range | 9.5%–12.5% | 9.5%–12% |
| Points | 1–3 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 also writes multi-family. A deal that specifically needs one of those only has one side of this comparison to go to.
Term structure differs too: Renovo Financial runs 6-24 months (hard money) / 30-year (rental); ROC Capital runs 12-24 months (hard money) / 30-year (rental).
Leverage: Renovo Financial tops out at 85% LTV / 90% LTC, against 80% / 90% at ROC Capital. More leverage means less cash to close and a thinner equity cushion — which side of that trade matters depends on how much cash the deal has to begin with.
Renovo Financial describes its footprint as "National, Midwest concentration"; ROC Capital as "National." Neither figure is a state count, so confirm direct licensing before assuming either covers a specific property.
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
ROC Capital
An investor who wants one lender to carry a BRRRR deal from rehab into the 30-year rental hold