DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1085639
» VISIT US ONLINE @ DSNEWS.COM 43 SFR Investments SPECIAL ADVERTORIAL SECTION COREVEST CORPORATE DETAILS: 1920 Main St., Suite 850, Irvine, CA 92614 | New York Office: 575 Fifth Ave., Suite 21-104, New York, NY 10017 | Los Angeles Office: 11611 San Vicente Blvd., Suite 915, Los Angeles, CA 90049 | Salt Lake City: 807 East S. Temple, Suite 200, Salt Lake City, UT 84102 | 844.223.2231 | CoreVestFinance.com | info@cvest.com CORPORATE PROFILE CoreVest Finance (previously Colony American Finance) was founded in 2014 to meet the demand for affordable debt capital by a broad range of residential real estate investors. The company's experience and scale enabled it to provide attractively priced loans and bring investment financing from "Wall Street" to "Main Street," CoreVest has since financed more than 30,000 investment properties and closed over $4.5 billion in loans, becoming the leading lender to residential real estate investors nationwide. This is a result of its relentless focus on providing investors with the products they need and the service they deserve. END-USER CATEGORIES » Lender/Servicer BUSINESS LINES, SERVICES, AND PRODUCTS Custom-built loans for residential real estate investors: Whether investors are looking to buy and hold or fix and flip, CoreVest can provide the investment capital, offering a full suite of loan products for investors' needs. The company's rental loans provide liquidity and long-term peace of mind to owners of stabilized rental properties and portfolios. Its bridge loans and pre-approved credit lines provide funds to investors with shorter investment horizons. Rental property loans: CoreVest's rental loans allow investors to access long-term financing at a fixed rate. They can use CoreVest loans to unlock existing equity, consolidate other debt, or purchase new rental properties. The company's loan products are flexible to meet the needs of different rental property investors. Loans can range from $67,500 to $100 million on single rental properties or portfolios of properties under one blanket loan. The company lends on single-family, 2-4 units, condos, townhomes, or multifamily and offers five, seven, 10, and 30-year terms with up to 75 percent loan-to-value (LTV). Credit lines and bridge loans: CoreVest's pre- approved credit lines and single project bridge loans provide flexible funds to investors looking to acquire, refinance, renovate, or aggregate properties. Rapid appraisals and funding certainty provide investors with the financing edge they need. Loans can range from $150,000 to $50 million on single bridge projects or large credit lines for multiple projects. The company lends on single-family, 2-4 units, condos, townhomes, or multifamily and offers 12- to 24-month terms with up to 90 percent LTV. Renovation financing is also available. Build-to-rent loans: CoreVest also offers Build- To-Rent Complete, a unique program designed to be a one-stop financing solution for experienced developers building new rental properties. It provides certainty of funding not only during the construction phase but also long-term financing once projects have been stabilized. COMPETITIVE ADVANTAGE » Experienced - understands the business: CoreVest has partnered with more than 2,500 borrowers to finance real estate investment properties across the nation and has closed loans in 46 out of 50 states to date. » Efficient - CoreVest gets the deal done: The company's streamlined closing process and dedicated support allows investors to focus on their business, not paperwork. CoreVest takes care of the rest, closing $4.5 billion in loans the past 4 years. » Certain - is always ready to fund: CoreVest has the capital to deliver funds when investors need it, where they need it. Certainty and reliability are the main reasons why the company is the leading lender in its niche – having financed more than 30,000 properties. KEY PERSONNEL Beth O'Brien Founder and CEO Ryan McBride COO Christopher Hoeffel CFO Joakim Mortensen Chief Client Officer "Beth O'Brien and the CoreVest team have single-handedly been the reason why we have had triple- digit growth for the last three years" —Bruce McNeilage, Kinloch Partners