Brean Capital Closes $74.5 Million Investment-Grade Corporate Note Financing for Renovo
Chicago, IL – RF Renovo Management Company, LLC (“Renovo”), a leading nationwide lender to residential real estate investors, announced the closing of two Senior Secured Corporate Note transactions totaling $74.5 million. The innovative dual-tranche structure garnered investment-grade ratings from two agencies, Egan-Jones and HR Ratings.
Brean Capital, LLC served as the company’s exclusive financial advisor and sole placement agent in connection with the transactions.
“The continued confidence and support of our new and existing capital partners is invaluable,” said Kevin Werner, co-founder and CEO of Renovo. “This transaction will accelerate Renovo’s expansion into serving additional markets and offering new products.”
Founded in 2011, Renovo has originated over $12 billion and funded over 27,000 business-purpose loans. The company’s momentum reflects strong demand for its lending solutions and underscores the advantages of its local, direct-to-borrower approach.
“Executing this transaction in a turbulent market environment further validates the strength of our platform,” added Dan McLaughlin, CFO of Renovo. “Our balance sheet is well-positioned to meet the opportunities in front of us.”
Headquartered in Chicago, Illinois, Renovo has built a nationwide origination network across 30+ MSAs, offering a full suite of business-purpose loan programs backed by an in-house servicing team. For more information, please visit: renovofinancial.com.
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 50 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment, and experience to ensure a successful transaction. For more information, please visit: www.breancapital.com/InvestmentBanking
Source: Brean Capital