CoreVest American Finance Lender, LLC
4 Park Plaza, Suite 900, Irvine, CA 92614
https://www.corevestfinance.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
0
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
FOR RTL [No-Ratio Bridge, Fix and Flip, Ground Up Construction] - Mortgagee Clause: CoreVest American Finance Lender LLC, ISAOA/ATIMA c/o OSC PO Box 200053, Kennesaw, GA 30156-9246 DSCR Mortgagee Clause: changes per loan request, will provide during underwriting to LO/Deal Team
CPL Lender Info: Lender: CoreVest American Finance Lender LLC, a Delaware limited liability company, its successors and/or assigns as their interests may appear or shortened to "A DE LLC ISAOA/ATIMA" 4 Park Plaza, Suite 900, Irvine, CA 92614 NMLS ID: 1627183
Lock policies & Fees
Lock Policies
By Request
N/A
Lender's niche & Overlays
- Fix & Flip Rehab Property Loans – Financing for the acquisition and rehab cost of residential 1-4 unit properties | NEW INVESTORS qualify | Best-in-class leverage and pricing for experienced investors, up to 93.5% LTC | Cash-out refi also eligible
- Bridge Property Loans - Fast and easy financing for the purchase of a residential investment property | Self-fund minor rehab or up to 24 months to ‘hold and wait’ | No Prepayment Penalties | Cash-out Refi also available
- New Construction Property Loans – Financing for build-ready lot construction | Ideal for infill, tear down, and spec homes | Up to 90% LTC | Available for residential and multi-family projects | FOUR year lookback for experience qualification
- DSCR Rental Loans – Purchase, refinance, or cash-out | Residential (1-4 units) | 30-yr IO or fixed, ARM and 40 yr options at competitive rates | No points option | New investors eligible | Blanket/Portfolio available | STR using AirDNA
- Multi-Family Bridge Property Loans – Financing for the acquisition or acquisition & rehab costs of residential 5+ unit properties | Mixed-Use options | Best-in-class leverage and pricing for experienced investors, up to 80% LTC | Cash-out refi also eligible
Minimum FICO - DSCR - 640
Minimum FICO - RTL - 680 [exceptions for 660-680 available]
Minimum Loan Amount - DSCR - 75k
Minimum Loan Amount - RTL - 75k
Minimum Loan Amount - RTL GUC only - 250k
Minimum Property Value - DSCR - 100k
No Subordinate Financing - All CoreVest loans will be first liens only
Ineligible Markets for Short Term Rentals - NYC, Declining Markets
Lender turn time
2
N/A
N/A
Review - CoreVest American Finance Lender, LLC
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