CoreVest Reviews
Learn more about the hard money lender CoreVest. Includes information on loans, features, and frequently asked questions.
Updated on October 5th, 2021
The SMB Guide is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Learn more
CoreVest, previously known as Colony American Finance, is a hard money lender that provides rental loans, bridge loans, and pre-approved credit lines. CoreVest custom builds loans for residential real estate investors.
Loan Details:
Loan Type | Terms | Rates | Loan Amounts |
|---|---|---|---|
Rental Portfolio | 5, 7, & 10 years | Up to 75% of value | $500,000 - $100,000,000+ |
Credit Line | 18 - 24 months | Up to 85% of cost | $1,000,000 - $50,000,000 |
Build for Rent | 5 & 10 years | Up to 75% LTC and LTV | $3,000,000 - $50,000,000+ |
Multifamily Loan | 18 - 24 months bridge, 5 & 10 year terms | Up to 75% LTC or LTV | $1,000,000 - $100,000,000+ |
Review:
Pros: Large, long-term loan amounts, no minimum credit score required.
Cons: Does not offer large scale property loans of more than $100 million.
Bottomline: CoreVest is a good hard money lending company for real estate portfolio lenders.
Key Information:
Legal Name | CoreVest American Finance Lender |
Founder | Beth O'Brien |
Founding Date | Jan 01, 2014 |
Address | 1920 Main Street Suite 850 Irvine, CA 92614 United States |
Number of Employees | 125 |
Number of Customers | 99 |
Telephone | |
Website |
FAQs:
What is CoreVest?
CoreVest is a hard money lender that specializes in residential real estate and providing affordable financing solutions to residential investors.
What are CoreVest's interest rates?
CoreVest has fixed interest rates depending on the type of loan you apply for and the amount you qualify for.
What are some CoreVest alternatives?
- Jet Investor Lending.
- Source Capital Funding, Inc.
- Investmark Mortgage.
- Sherman Bridge Lending.
- Wilshire Quinn.
- Patch of Land.
- Noble Mortgage & Investments.