CoreVest Reviews
Learn more about the hard money lender CoreVest. Includes information on loans, features, and frequently asked questions.
Updated on August 18th, 2022
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CoreVest, previously known as Colony American Finance, is a hard money lender that provides rental loans, bridge loans, build for rent, and multifamily loans.
Loan Details:
Loan Type | Terms | Rates | Loan Amounts |
|---|---|---|---|
Rental Loans | 5, 7, or 10 years | Up to 75% of value | $500K - $100M+ |
Bridge Loans | 18 - 24 months | Up to 80% of cost | $200K - $50M |
Build for Rent | 5 or 10 years | Up to 80% LTC or 75% LTV | $3M - $50M+ |
Multifamily /CRE Loan | 5 or 10 years | Up to 75% of value | $1M - $100M+ |
Multifamily /CRE Bridge financing | 18 - 24 months | Up to 75% of cost | $2M - $25M+ |
Review:
Pros: Large, long-term loan amounts, no minimum credit score required.
Cons: DSCR of 1.25x is required for multifamily loans under $2M.
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.