Wednesday, February 1, 2017

Former Fannie Mae Exec Peter Poidomani Joins Renovo Financial as Executive Vice President

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.”
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,, (312) 267-4527
Kate Koziol,, (312) 267-4521

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