CoreVest Finance

Irvine, CA

60DBO-43692

Click to show phone number (844) 985-2064 (844) 985-XXXX

CoreVest Finance

Irvine, CA

60DBO-43692

Whether you’re looking to buy and hold, fix and flip, or build to rent, CoreVest has the capital for your investment needs.

Our rental loans allow you to access long-term financing at a fixed rate. You can use our loans to unlock your existing equity, consolidate other debt or purchase new rental properties. Our loan products are flexible to meet the needs of different rental property investors.

Our Bridge Loans provide flexible financing options for investors to purchase new properties, refinance existing investments and fund renovation.

CoreVest is a leading lender for multifamily and residential investment property, offering extensive debt solutions through a vertically-integrated, national lending platform. With fast and efficient execution, plus a proven track record of financing more than 60,000 units, we understand the needs of investors throughout the investment lifecycle, from acquisition to renovation to stabilization.

Property Geographic Area Details

We lend in the 48 of the 50 states for Rental Portfolio Loans, Bridge Loans and Credit Lines.

Loan Amounts

$500,000 to $50,000,000

Common Loan Scenarios

Rental Loans

Our rental loans allow you to access long-term financing at a fixed rate. You can use our loans to unlock your existing equity, consolidate other debt or purchase new rental properties. Our loan products are flexible to meet the needs of different rental property investors.
  • 5+ rental properties
  • Single-family, condo, townhome, multifamily properties
  • Stabilized (leased) portfolio
  • $500K – $100M+
  • Up to 75% of value
  • 5, 7 or 10 year fixed
  • Purchase or refinance
  • Non-recourse options available
  • Foreign nationals eligible
  • Nationwide lending

Bridge Loans

Bridge Loans provide flexible financing options for investors to purchase new properties, refinance existing investments and fund renovation.

  • Individual or multiple properties
  • Single-family, condo, townhome, multifamily properties
  • $200K – $50M
  • Up to 80% of cost
  • 18-24 month terms
  • Fixed and floating rate options
  • Revolving credit options available
  • Non-recourse options available
  • Foreign nationals eligible
  • Nationwide lending

Multifamily / CRE

CoreVest is a leading lender for multifamily and residential investment property, offering extensive debt solutions through a vertically-integrated, national lending platform. With fast and efficient execution, plus a proven track record of financing more than 60,000 units, we understand the needs of investors throughout the investment lifecycle, from acquisition to renovation to stabilization.

  • $1M – $100M+
  • 5 or 10 year terms
  • Call protection / lockout depends on loan term
  • Up to 75% of value
  • IO and amortization options
  • 1.20x DSCR requirement (1.25x for loans <$2M)
  • Non-recourse
  • Multifamily, condos, mixed use w/ majority residential, others assets case by case

Refinance Long-Term
Max LTV Residential: 75%
Max LTV Multifamily: 75%
Max LTP Commercial: 75%
Residential Fix & Flip
Max LTP: 80%
Max LTC: 80%
Residential Rehab & Hold
Max LTP: 75%
Max LTC: 75%
Multifamily Value-Add
Max LTP: 75%
Max LTC: 75%
Residential Construction
Max LTC: 75%
Multifamily Construction
Max LTC: 75%
Property Types
  • 2-4 Units Residential
  • Commercial Condominium
  • Condominium
  • Multifamily
  • Portfolio of Residential Properties
  • Single Family Residence
Specialty Loan Types
  • Condo Conversion
  • Line of Credit Portfolio of Properties
  • Line of Credit Single Property
  • Luxury Homes
  • Residential Long-Term Rental
  • Residential Non-Prime
  • Residential Short-Term Rental
Max Loan-to-Purchase Price

0%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity
  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Gap Lender
Fees which are mandatory for all new borrower clients
  • Deposit
  • Underwriting Fee
  • Other Fee
Fees which are paid to a third party company
  • Deposit
  • Due Diligence Fee

Details and Requirements

Credit Check Required

no

Prepayment Penalty

no

Borrower Entity Types Considered
  • LLC
Appraisal Required for Residential Property

Broker Price Opinion (BPO) Accepted for Residential Property

Will Consider Collateralizing Multiple Properties in One Loan

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Equity Joint Venture

no

Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

CoreVest (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. Our experience and scale enabled us to provide attractively priced loans and bring investment financing from “Wall Street” to “Main Street”.

CoreVest has since funded more than 125,000 units and closed over $16 billion in loans, becoming the leading lender to residential investors nationwide. This is a result of our relentless focus on providing investors with the products they need and the service they deserve

CoreVest Finance’s Lending Activity
Data Provided By Elementix
Total Loan Volume

$61,867,641,268

Average Loan Size

$3,876,904

Total Loan Count

3,841

Total Borrowers

6,918

Loan Count by State (Past 12 Months)
FL: 1,830, TX: 1,512, OH: 716, GA: 1,288, CA: 2,850, NC: 484, NJ: 774, AL: 271, IN: 404, IL: 605
Data provided by Elementix | Disclaimer

Office Locations

CoreVest Finance
4 Park Plaza, Irvine, CA 92614
Company Size (Number of Employees)

200

Year Established

2012

License

60DBO-43692

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
  • Individual Investors
  • Single Capital Partner
  • Bank Credit Line
Loan Structure for Majority of Loans
  • One Investor One Loan
  • LLC Syndicated Investors

CoreVest Finance Testimonials

Info Our minimum loan amount is $500,000

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