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| Peter G. Poidomani |
CHICAGO, IL (Feb. 1, 2017)
— Chicago-based Renovo Financial, a private lender to residential real estate
investors, has hired asset management expert Peter G. Poidomani as executive vice president of portfolio
management to help oversee the firm’s portfolio and strengthen the
organization’s foundation as it continues its expansive growth.
Founded in 2011, in
partnership with Chicago-based private equity firm Granite Creek Partners,
Renovo Financial has loaned more than $250 million to residential real estate
investors on revitalization projects valued in excess of $400 million. The firm
closed its 1000th loan in December of 2016 and saw its revenue increase over
100 percent from 2015 to 2016.
“The hiring of Peter is
just one more example of how we are investing in the future and taking
strategic steps to build a strong team that will help Renovo as we look to
expand not only locally, but also into new regions,” said Kevin Werner, CEO at Renovo Financial. “Peter brings 20 years of
industry experience and his knowledge as the former director of real estate
asset management at Fannie Mae will be a huge asset to Renovo.”
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| Kevin Werner |
In his new role at Renovo
Financial, Poidomani will be responsible for optimizing the portfolio
management process while placing equal emphasis on managing risk for the
company.
In addition, Poidomani will be focused on ensuring that internal
operations are executed with world-class speed and service in mind.
Prior to joining Renovo,
Poidomani’s work at Fannie Mae included creating a production platform that
managed a property portfolio in excess of $2 billion.
He was responsible for
strategy execution and the day-to-day operation for 36 real estate asset
management units across the Midwest.
In addition to his
Government-Sponsored Enterprise experience, Poidomani has worked in both the
private mortgage and banking fields spending time at Fieldstone Mortgage,
Aurora National Bank and Cityscape Mortgage in New York.
“I am excited to align my talents with a
high-energy firm such as Renovo, Chicago’s leading private lender and one of
the most advanced in this field nationally,” said Poidomani. “There are
multiple markets across the Midwest that are deep with potential for residential
real estate investors/flippers. The opportunity to be a part of the Renovo
team, which is at the forefront in lending efficiency and customer service, was
very compelling to me.”
Renovo Financial’s team
has expertise spanning an array of disciplines, including financing, renovation
and property management, and provides high-touch customer service throughout
the life of the loan. Through its "Circle of Success," which includes
third-party professionals such as attorneys, property managers, general
contractors and Realtors, Renovo Financial aids clients in assembling a team to
help drive a successful outcome for each project.
Werner added, “We believe
in building for the future and know that Peter has the vision to help Renovo
expand its base of operations and the communities we serve. He is an
outstanding addition to our team.” A graduate of Pace University, Poidomani
holds a Master of Science in finance/investment management.
For a complete copy of the company’s news release,
please contact:
Kim Manning, kmanning@taylorjohnson.com, (312)
267-4527
Kate Koziol,
kkoziol@taylorjohnson.com, (312) 267-4521
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