Devon resident Justin Goldman, a tech innovator who previously created and sold a social-betting e-game and a food-delivery service, has co-founded RenoFi, a unique renovation loan marketplace for people looking to fix up their homes, writes Caroline O’Halloran for SAVVY Main Line.

“This is a game-changer,” said Goldman, who is RenoFi’s CEO. “Unlike home equity loans or lines of credit, RenoFi loan amounts consider the post-renovation value, not the current value.”

RenoFi partners with reputable lenders to provide homeowners with loans that can range anywhere from $25,000 to over $250,000. This ensures they can tackle all the renovation projects they plan to do.

RenoFi also serves as a connector and concierge, helping homeowners find contractors, analyze bids, and come up with realistic budgets and timelines.

Risk is minimized for all parties, as all surprises have been eliminated. No loan applications are accepted until contractor bids have been obtained and reviewed and a realistic budget has been determined.

Read more about RenoFi at SAVVY Main Line here.

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