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Iron Bridge Lending vs. Renovo Financial

A side-by-side on the fields both lenders publish, followed by a read on where they actually differ.

Criteria
Iron Bridge Lending
Renovo Financial
Type hard money hard money
Headquarters Lake Oswego, OR Chicago, IL
Founded 2009 2011
Geographic focus Western & Midwest National, Midwest concentration
Products fix-and-flip, bridge, new-construction fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family
Loan size range $75,000–$3,000,000 $100,000–$5,000,000
Max LTV 75% 85%
Max LTC 85% 90%
Terms 12 months 6-24 months (hard money) / 30-year (rental)
Typical close time 7-14 days typical 7-14 days typical
Rate range 9.5%–12% 9.5%–12.5%
Points 1.5–3 pts 1–3 pts

Neither side carries a published verification date on this site — the figures above are as stated by each lender, unconfirmed as of a specific date.

Where they actually differ

Renovo Financial adds BRRRR and rental and multi-family. A deal that specifically needs one of those only has one side of this comparison to go to.

Pricing: Iron Bridge Lending quotes 9.5%–12% and 1.5–3 points; Renovo Financial quotes 9.5%–12.5% and 1–3 points. Where a specific file lands inside either range depends on leverage, credit and property type.

Loan sizing runs $75,000–$3,000,000 at Iron Bridge Lending and $100,000–$5,000,000 at Renovo Financial — a gap that mostly matters at either end of the range.

Term structure differs too: Iron Bridge Lending runs 12 months; Renovo Financial runs 6-24 months (hard money) / 30-year (rental).

Questions

Does one of these two write a loan product the other doesn't?
Renovo Financial adds BRRRR and rental and multi-family. A deal that specifically needs one of those only has one side of this comparison to go to.
Which offers more leverage, Iron Bridge Lending or Renovo Financial?
Iron Bridge Lending tops out at 75% LTV / 85% LTC, against 85% / 90% at Renovo Financial. More leverage means less cash to close and a thinner equity cushion — which side of that trade matters depends on how much cash the deal has to begin with.
Which publishes the lower rate range, Iron Bridge Lending or Renovo Financial?
Iron Bridge Lending quotes 9.5%–12%; Renovo Financial quotes 9.5%–12.5%. Where a specific file lands inside either range depends on leverage, credit and property type, so the published floor of one range beating the other's isn't the same as a guaranteed better price.
Which handles a larger loan, Iron Bridge Lending or Renovo Financial?
Iron Bridge Lending runs $75,000–$3,000,000; Renovo Financial runs $100,000–$5,000,000. That gap mostly matters at either end of the range.

Iron Bridge Lending

An investor who needs short-term fix-and-flip or new-construction financing and will source the rental takeout loan separately

Lender profile

Renovo Financial

A BRRRR investor who wants one lender to carry a deal from acquisition and rehab through to the 30-year rental refinance, including multi-family properties

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