Local Market Knowledge Matters
Renovo invests in investors – and to do that with confidence requires a deep market understanding. Unlike national lenders who are limited to relying on lagging sales data, Renovo brings local knowledge and relationships that help identify markets that are “in-play” before the broader data reflects the changes. For investors, that can mean an early green light on a transitioning neighborhood, or advice to seek a deal elsewhere with better exit forecasts.
Renovo’s deep ties within the Chicago market provides insight to larger economic investments and trends. Layered with historical data and real-time boots-on-the-ground insight, Renovo investors receive the benefit of improved decision making and the flexibility to get into transitioning markets faster.
Kevin Werner on the value of being a local lender.
An Established CDFI Footprint
Community Development Financial Institutions play an important role in generating economic growth and opportunity in underserved communities. The CDFI designation is awarded by the US Treasury to mission-driven financial institutions that support economically disadvantaged communities through the injection of new sources of capital into neighborhoods which have historically lacked access to financing.