Renovo Financial for North Dakota 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.
North Dakota context
North Dakota steady DSCR. Oil/gas economy volatile.
How Renovo Financial positions in North Dakota
The North Dakota lender pool for DSCR includes Renovo Financial among the active platforms. North Dakota top metros (Fargo, Bismarck, North Dakota) see meaningful Renovo Financial loan volume.
City-level coverage in North Dakota
Renovo Financial provides DSCR coverage across North Dakota metros including Fargo, Bismarck, and North Dakota. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Renovo Financial program terms apply uniformly across North Dakota 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 |
| North Dakota property tax | 1% |
| North Dakota state income tax | 2.9% |
Renovo Financial strengths in North Dakota
- 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 North Dakota coverage. Renovo Financial is based in Chicago, IL and operates in Chicago / national.
Fargo is the top investor market in North Dakota and is generally within Renovo Financial Chicago / national footprint. Fargo property tax follows the North Dakota state rate of 1 percent. Renovo Financial typically underwrites Fargo acquisitions at standard rate sheets.
Yes. Bismarck ranks among the larger North Dakota investor metros and sees consistent DSCR loan volume from Renovo Financial. Submarket variation within Bismarck matters for property selection.
Renovo Financial applies the same rate sheet across North Dakota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Fargo, Bismarck, and North Dakota 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.
North Dakota steady DSCR. Oil/gas economy volatile. Renovo Financial follows standard business-purpose loan structures.
Renovo Financial funds fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family in North Dakota.
North Dakota allows standard DSCR prepay structures; Renovo Financial typically uses 3-5 year step down.
Renovo Financial typical close: 7-14 days typical.
Bottom line
For North Dakota DSCR borrowers, Renovo Financial is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Renovo Financial.