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The Chicago based real estate lending platform will use the proceeds to grow its platform which offers both short term acquisition and construction loans as well as long term financing.
The amount was raised from Victory Park Capital, and follows $50m in financing, also provided by Victory Park, in 2015.
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“We’ve been impressed with Renovo’s underwriting and asset management over the past year,” said Tom Affolter, partner at VPC. “We’re pleased to reaffirm our partnership with Renovo’s experienced leadership team, and are excited to help catalyze accelerated growth as the company expands its lending activities.”
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