Renovo Financial for West Virginia 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.
West Virginia context
West Virginia deep cash flow market. Low entry prices.
How Renovo Financial positions in West Virginia
West Virginia is well covered by national DSCR lenders, with Renovo Financial as one option. Where Renovo Financial differentiates: Chicago-based — strongest local market knowledge. Where it competes: rates 9.5 to 12.5 percent against peer programs.
City-level coverage in West Virginia
Renovo Financial provides DSCR coverage across West Virginia metros including Charleston, Morgantown, and Huntington. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Renovo Financial program terms apply uniformly across West Virginia 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 |
| West Virginia property tax | 0.6% |
| West Virginia state income tax | 5.12% |
Renovo Financial strengths in West Virginia
- 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 West Virginia coverage. Renovo Financial is based in Chicago, IL and operates in Chicago / national.
Charleston is the top investor market in West Virginia and is generally within Renovo Financial Chicago / national footprint. Charleston property tax follows the West Virginia state rate of 0.6 percent. Renovo Financial typically underwrites Charleston acquisitions at standard rate sheets.
Yes. Morgantown ranks among the larger West Virginia investor metros and sees consistent DSCR loan volume from Renovo Financial. Submarket variation within Morgantown matters for property selection.
Renovo Financial applies the same rate sheet across West Virginia metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Charleston, Morgantown, and Huntington 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.
West Virginia deep cash flow market. Low entry prices. Renovo Financial follows standard business-purpose loan structures.
Renovo Financial funds fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family in West Virginia.
West Virginia 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 West Virginia 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.