Overview
Iron Bridge Lending (based in Lake Oswego, OR, hard money) and Renovo Financial (based in Chicago, IL, hard money) are both non-QM lenders serving real estate investors. Iron Bridge Lending serves Western & Midwest; Renovo Financial serves Chicago / national.
These figures are drawn from each lender's published materials and should be confirmed directly, since neither record here carries an independent verification date. Rates and terms change and are not a quote for either lender.
Iron Bridge Lending vs Renovo Financial: attribute by attribute
| Attribute | Iron Bridge Lending | Renovo Financial |
|---|---|---|
| Interest rate range | 9.5%–12% | 9.5%–12.5% |
| Origination points | 1.5–3 points | 1–3 points |
| Max LTV | 75% | 85% |
| Max LTC | 85% | 90% |
| Minimum loan size | $75K | $100K |
| Maximum loan size | $3.0M | $5.0M |
| Typical close time | 7-14 days typical | 7-14 days typical |
| Founded | 2009 | 2011 |
| Headquarters | Lake Oswego, OR | Chicago, IL |
Which one fits which borrower
- Renovo Financial's max LTV is 85% against Iron Bridge Lending's 75% — on the same purchase price, Renovo Financial's published leverage lets a borrower put down less cash.
- Renovo Financial's max LTC is 90% against Iron Bridge Lending's 85% — for a rehab-heavy deal, Renovo Financial's published figure covers a larger share of total project cost.
- Iron Bridge Lending's minimum loan size is $75K, below Renovo Financial's $100K floor — Iron Bridge Lending is the fit for a smaller deal that would fall under Renovo Financial's minimum.
- Renovo Financial's maximum loan size is $5.0M, above Iron Bridge Lending's $3.0M ceiling — a larger transaction may need to go to Renovo Financial.
- Iron Bridge Lending was founded in 2009, 2 years before Renovo Financial (founded 2011) — longer time in the market, not a claim about which underwrites better today.
Full profiles
- Iron Bridge Lending full profile and review
- Renovo Financial full profile and review
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Iron Bridge Lending vs Renovo Financial FAQ
Iron Bridge Lending's published rate range is 9.5%–12%. Renovo Financial's published rate range is 9.5%–12.5%. Both ranges depend on credit, leverage, DSCR coverage and borrower experience, so where a specific deal prices inside either range varies.
Iron Bridge Lending's loan size runs $75K to $3.0M. Renovo Financial's loan size runs $100K to $5.0M.
Iron Bridge Lending's typical close time is 7-14 days typical. Renovo Financial's typical close time is 7-14 days typical. Actual timelines depend on documentation, title work and underwriting load regardless of lender.
Iron Bridge Lending's max LTV is 75% and max LTC is 85%. Renovo Financial's max LTV is 85% and max LTC is 90%.
This comparison is an independent directory listing. DSCR Loan Program is not affiliated with Iron Bridge Lending or Renovo Financial, receives no payment for placement, and does not rank lenders in exchange for compensation. Rates, terms, and eligibility are determined by each lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.