Renovo Financial for New Mexico investors
Renovo Financial is the largest Chicago-based hard money lender. Founded 2011, they've closed thousands of loans across the Midwest and have particularly deep penetration in Chicago, Indianapolis, and Milwaukee. Strong relationships with the local broker community make them a default first-call for many Chicago investors.
New Mexico context
New Mexico steady DSCR. Santa Fe historic STR market.
How Renovo Financial positions in New Mexico
The New Mexico lender pool for DSCR includes Renovo Financial among the active platforms. New Mexico top metros (Albuquerque, Santa Fe, Las Cruces) see meaningful Renovo Financial loan volume.
City-level coverage in New Mexico
Renovo Financial provides DSCR coverage across New Mexico metros including Albuquerque, Santa Fe, and Las Cruces. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Renovo Financial program terms apply uniformly across New Mexico metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family |
| Loan size | $100K - $5.0M |
| Rates | 9.5%-12.5% |
| Points | 1 - 3 |
| Max LTV | 85% of ARV |
| Term lengths | 6-24 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical |
| New Mexico property tax | 0.8% |
| New Mexico state income tax | 5.9% |
Renovo Financial strengths in New Mexico
- Chicago-based — strongest local market knowledge
- experienced underwriting team
- national reach with local depth
- strong fix-and-flip program
Ideal borrower: Experienced Chicago-area investor doing 2+ deals/year on SFR or 2-4 unit projects
FAQ
Likely; verify direct New Mexico coverage. Renovo Financial is based in Chicago, IL and operates in Chicago / national.
Albuquerque is the top investor market in New Mexico and is generally within Renovo Financial Chicago / national footprint. Albuquerque property tax follows the New Mexico state rate of 0.8 percent. Renovo Financial typically underwrites Albuquerque acquisitions at standard rate sheets.
Yes. Santa Fe ranks among the larger New Mexico investor metros and sees consistent DSCR loan volume from Renovo Financial. Submarket variation within Santa Fe matters for property selection.
Renovo Financial applies the same rate sheet across New Mexico metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Albuquerque, Santa Fe, and Las Cruces all qualify for the same Renovo Financial program.
Renovo Financial indicative DSCR rate range is 9.5 to 12.5 percent with 1 to 3 points.
New Mexico steady DSCR. Santa Fe historic STR market. Renovo Financial follows standard business-purpose loan structures.
Renovo Financial funds fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family in New Mexico.
New Mexico allows standard DSCR prepay structures; Renovo Financial typically uses 3-5 year step down.
Renovo Financial typical close: 7-14 days typical.
Bottom line
New Mexico investors considering Renovo Financial should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Renovo Financial.