Skip to main content

CoreVest Launches Investor-Geared Build-to-Rent Program
Jul 16, 2018
CoreVest has announced a new loan program, Build-To-Rent Complete

CoreVest has announced a new loan program, Build-To-Rent Complete, that is tailored specifically for build-to-rent investors. Build-To-Rent Complete provides construction financing for the development of new rental properties along with long-term financing once projects are completed and stabilized. CoreVest is offering this program to seasoned investors across the U.S. with loan sizes ranging from $3 million to more than $25 million.
“Investors now have a reliable one-stop solution to finance their build-to-rent projects,” said Ryan McBride, Chief Operating Office of CoreVest. “Our Build-To-Rent Complete program is an easy, scalable financing program for experienced developers. We provide certainty of funding not only during the construction of build-to-rent properties but also long-term financing once projects have been stabilized.”
CoreVest has already financed more than $200 million in stabilized build-to-rent projects and the Build-To-Rent Complete program is a natural product extension. In June, CoreVest committed over $20 million in financing for multiple new build-to-rent projects in North Carolina and Texas. Funds are being used to construct new single-family homes, as well as townhomes to rent. Once completed, CoreVest will provide long-term take-out financing for the stabilized projects.
“Build-to-rent is rapidly becoming a meaningful part of the single-family rental market,” said Beth O’Brien, CoreVest’s Chief Executive Officer. “We know many investors who are pursuing this strategy in response to the strong demand from renters. Our Build-To-Rent Complete program is another example of us listening to the market and being first to develop loan products that are relevant to investors. Whether it’s bridge financing for large multifamily projects, long-term loans for single family rentals, or Freddie Mac loans, we can offer borrowers a range of attractive financing solutions. Regardless of the product, we pride ourselves on being flexible, timely and the lender that our customers can grow with.”

Jul 16, 2018
More from
Flagstar Bank's Christy Soukhamneut To Appear On The Mortgage Leadership Outlook

The next installment in the Mortgage Leadership Outlook's Tech Stack Heroes collaboration with BeSmartee is set to feature Christy Soukhamneut, chief of staff/director of mortgage strategic initiatives for Flagstar Bank.

Aug 02, 2021
First Tech Federal Credit Union Chooses ICE Mortgage Technology’s EPPS

First Tech Federal Credit Union has chosen ICE Mortgage Technology’s EPPS to improve automation, compliance, and scalability to meet the demands of over 720,000 members. 

Jul 29, 2021
ICE Makes Enhancements To Its Mortgage Prepayment Model

The Intercontinental Exchange, Inc. made enhancements to its mortgage prepayment model with daily residential mortgage rates from ICE Mortgage technology.

Jul 27, 2021
Liquid Mortgage Technology Supports Efficient Debt Market

Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets.

Jul 22, 2021
Rocket Expands Home Search Tool To All 50 States

Rocket Homes announced its growing home search tool now includes listings from all 50 states.

Jul 21, 2021
Better's One-Click Checkout Now Offers Title Insurance For Refi's

Better announced it has been licensed as a title insurance provider for refinance transactions through Better Settlement Services (BSS) in Virginia. 

Jul 20, 2021