A specialty finance platform that connects lenders with real estate investors has announced that it is expanding its service.
CoreVest will now offer credit line and single asset bridge loans to finance multifamily properties up to 150 units with loans ranging from $250,000 to over $25 million. The loans can be used for purchase or refinancing with rehab funding options also available.
"This is a logical extension of our business," said Ryan McBride, Chief Operating Officer of CoreVest. "We have financed multifamily properties for years. Expanding the unit count for these properties will enable us to better serve investors that require flexible bridge financing options for larger projects."
The firm has closed more than $3.5 billion in investor loans and financed over 25,000 investment properties since 2014.
"We provide loan products to investors across a range of asset types and timeframes. Whether it's bridge financing for large multifamily projects, long-term loans for single family rentals, or Freddie Mac loans, we offer borrowers attractive financing solutions," added Beth O'Brien, CoreVest's Chief Executive Officer.
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