RenoFi is a financial technology company operating an online lending marketplace that partners with NCUA-insured credit unions to offer renovation-specific home equity products. RenoFi Loans use the after-renovation value (ARV) of a home to dramatically increase borrowers' available equity, enabling homeowners to borrow up to 90% of their projected post-renovation home value — on average 11x more than a standard home equity loan. Founded in January 2018 by Justin Goldman, Robert Shedd, and Lee Miller, RenoFi acts as a technology provider and concierge, connecting homeowners with partner credit unions. The company has facilitated over $2 billion in renovation project financing.
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