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Tuesday, Mar 19, 2024
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Renovate America Completes $100 Million Credit Facility

San Diego-based Renovate America has completed a $100 million credit facility with Credit Suisse, the company announced this week.

Renovate America said the facility will enable it to expand Benji, the company’s unsecured consumer home-improvement loan product.

Benji, the company’s newest financing option, is designed for “well-qualified” borrowers looking to finance home improvements.

Renovate America is best known as a provider of financing for residential property-assessed clean energy loan programs through its Home Energy Renovation Opportunity (HERO) program, which has financed more than $2.1 billion of home improvements through partnerships with local governments.

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