EP. 55 // How to Lend Over $2 Billion to Real Estate Investors w/ Daniel Rosen
On today’s show we have the Chief Lending Officer and Co-Founder of Renovo Financial: meet lender Daniel Rosen, out of Chicago, Illinois. On this episode, the guys talk to Daniel about what it was like lending before the ‘08 crash, how Surviving is necessary to Thrive, and how Renovo is currently on the road to becoming a $10 Billion lender.
RELEVANT LINKS
Renovo Financial Official Website
ABOUT DANIEL ROSEN
Our story begins in 2011, at the Starbucks on Sheffield and Armitage in Chicago’s Lincoln Park neighborhood. It’s here where Co-Founders Kevin Werner and Daniel Rosen met to discuss founding a new real estate investment company. But this company would be different. They wouldn’t simply throw money at clients and expect them to figure out the rest. No, they would take the time to assist their clients through the entire process, never sacrificing service to make a quick buck.
With the help of Granite Creek Capital Partners, the initial equity firm who back Kevin and Daniel, they were ready to start growing their new company, Renovo Financial.
Renovo’s first deal funded in 2011:
$124,307 | Purchase-Rehab
Single Family Home | Skokie, IL
With support from Granite Creek and caffeine in their system, Kevin and Daniel began slowly and carefully lending in Chicago and building their team of rockstar real estate lenders.
For the first five or six years, they focused solely on the city of Chicago. Today, however, Renovo is rapidly expanding across the country with local lenders in more than 10 markets stretching from San Diego to Boston.
