CoreVest American Finance

What CoreVest American Finance does

CoreVest American Finance is a U.S. specialty finance company founded in 2014 (originally as Colony American Finance) and headquartered in Irvine, California. It is an indirect wholly-owned subsidiary of Redwood Trust, Inc. (NYSE: RWT), which acquired CoreVest in 2019 for $490 million. CoreVest operates as a direct lender to residential real estate investors, originating business-purpose loans secured by non-owner-occupied single-family rental, condo, townhome, build-for-rent, and small multifamily properties. The company finances investors across the full investment lifecycle via rental loans, bridge loans, construction loans, and multifamily term loans, with products ranging from $75,000 fix-and-flip loans to $50M+ rental portfolio facilities at 60-80% LTV.

The platform is built on an asset-based lending model with automated credit underwriting that uses Debt Service Coverage Ratio (DSCR) and asset-plus-cash-flow evaluation rather than personal income documentation, enabling qualification of self-employed and portfolio investors underserved by traditional banks. CoreVest operates a four-office distribution network (Irvine, Los Angeles, New York, Charlotte), a direct sales team, online application portal, and a 10+ year broker and correspondent channel. Reported metrics include $25 billion+ in cumulative loans closed and 172,000+ units financed across 46 states. Leadership comprises CEO Fred Matera, President Michael Peerson, CCO/COO Micaela Lumpkin, and Chief Originations Officer Joakim Mortensen.

CoreVest's business model combines net interest income from originated loans held on balance sheet, origination and servicing fees, and recurring securitization execution through its parent Redwood Trust. The company has completed eight securitizations, including the $313 million CAFL 2022-1 single-family rental transaction, and holds a confirmed MOR CS3 commercial mortgage special servicer ranking from Morningstar DBRS. Revenue derives from a diversified base of small/mid-market and institutional real estate investors, with channel partnerships (Roofstock, SVN SFRhub, Renters Warehouse, Auction.com) extending origination reach.

Name

CoreVest American Finance

Legal name

CoreVest American Finance Lender LLC

Website

https://corevestfinance.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

CoreVest American Finance is a U.S. specialty direct lender to residential real estate investors, offering rental, bridge, construction, and multifamily loans across 46 states. A subsidiary of Redwood Trust (NYSE: RWT), it has closed $25B+ in loans on 172,000+ units since 2014.

Ownership category

akta.pro rank

Product category

Specialty Real Estate Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO) (FSAHAIAB)

akta.pro secondary industries

Mortgage Loan Sales & Aggregation (Correspondent/Conduit Aggregators) (FSALAFAD), Securitization Administration & Deal Services (Trustee, Custodian, Paying Agent) (FSALAFAK)

Keywords

• Residential real estate lending
• Single family rental loans
• Fix and flip financing
• DSCR rental loans
• Multifamily bridge loans

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Loan Origination and Interest Income: CoreVest generates revenue through originating loans to residential real estate investors, earning interest on the loans provided and potentially originating fees. The company securitizes loans on the CMBS market.
2. Non-Recourse and Recourse Rental Loans: Both recourse and non-recourse rental loan products offered, with non-recourse loans secured only by underlying real estate.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

CoreVest is a direct specialty lender originating commercial-purpose mortgage loans to residential real estate investors across the United States. Its offering spans rental portfolio loans, 30-year DSCR loans, short-term rental loans, fix-and-flip loans, credit lines, bridge loans, ground-up construction loans, build-for-rent loans, and multifamily bridge and term loans, distributed directly to investors and through broker, wholesale, and correspondent channels.

Product overview

CoreVest American Finance is a direct lender offering a comprehensive suite of loan products for residential real estate investors, organized into four main categories: Rental Loans (Rental Portfolio, 30-Year DSCR, and Short-Term Rentals) for long-term financing; Bridge Loans (Fix and Flip, Credit Line, and 2-Year No Ratio Bridge) for short-term investment strategies; New Construction Loans (Ground Up and Build for Rent) for developers; and Multifamily Loans (Multifamily Bridge and Multifamily Term) for larger residential properties. The platform provides nationwide lending across 46 states, having financed over 172,000 units and closed more than $25 billion in loans.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Portfolio Loan Fixed-rate, long-term loan on a portfolio of 5+ rental properties or units, allowing investors to unlock equity, consolidate debt, or purchase new properties. Supports SFR, condo, townhome, and multifamily properties.
• 30-Year DSCR Loan Fixed-rate loan on individual rental properties underwritten based on Debt Service Coverage Ratio (DSCR) rather than personal income, designed for self-employed investors and those seeking rapid portfolio growth.
• Short-Term Rentals Loan Fixed-rate loan on portfolios of 5+ short-term rental properties with 12+ month operating history, designed for investors operating short-term rental strategies.
• Fix and Flip Loan Short-term loan for single fix-and-flip projects, providing funding to purchase new properties or refinance existing investments with rapid approval and funding processes.
• Credit Line Pre-approved flexible credit line enabling investors to acquire, refinance, renovate, or aggregate properties, with revolving options and rapid appraisals.
• 2-Year No Ratio Bridge Loan Interest-only bridge loan on single rental properties without DSCR requirements, designed to help investors through high interest rate environments with potential closing in two weeks or less.
• Ground Up Construction Loan Short-term loan for new construction of single-family residential properties, part of the Build for Rent program offering construction financing and long-term financing upon stabilization.
• Build for Rent Loan One-stop financing solution for experienced developers building new rental property communities, providing construction financing and long-term financing once projects stabilize.
• Multifamily Bridge Loan Short-term loan on transitional multifamily projects, supporting multifamily, condos, and mixed-use properties with majority residential components.
• Multifamily Term Loan Long-term loan product for stabilized multifamily properties, providing permanent financing solutions.

Quantifiable outcome

• Over $25 billion in loans closed since founding in 2014
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Liquid MortgageminorStrategic or Co-development Partner · 1 April 2021Redwood Trust entered into a strategic partnership with Liquid Mortgage, investing in blockchain technology development for the mortgage industry future.
• SVN | SFRhub AdvisorscoreStrategic or Co-development PartnerNational commercial real estate brokerage dedicated to single-family residential (SFR) and Build-for-Rent (BFR) investment portfolios of five or more homes. SVN SFRhub Advisors works with over one million commercial real estate investors and approximately half a million SFR portfolio industry investors nationwide.
• Renters WarehousecoreStrategic or Co-development PartnerOne of the fastest growing and highest reviewed residential property management companies in America, and the largest in Minnesota. Manages more than $3 billion in residential real estate, servicing 12,000+ investors across 17,000+ residential homes in 32 markets and 18 states.
• RoofstockcoreStrategic or Co-development PartnerThe first online marketplace created exclusively for investing in leased single-family rental homes that generate cash flow quickly. Allows investors to evaluate and invest in properties long-distance with detailed property reports and local property manager connections.
• Auction.comminorStrategic or Co-development PartnerNation's leading online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties. Attracts prospective buyers through world-class marketing and leverages scalable technology platform.
• SES InsuranceminorStrategic or Co-development PartnerTechnology-driven insurance solutions provider serving over 1,000 real estate investors and insuring over 50,000 properties nationwide via single master policy per investor. Offers proprietary Total Insurance Management System (TIMS).
• Real ProtectminorStrategic or Co-development PartnerNation's premier broker dedicated to working with real estate investors, offering expert insurance for residential real estate investment property. Exclusive insurance rates for CoreVest borrowers available in all 50 states.
• American Association of Private Lenders (AAPL)minorStrategic or Co-development PartnerThe only national organization supporting the private real estate and peer-to-peer lending industry. Principles of ethics, education, and excellence are the cornerstone for success in the private lending industry.
• Riverbend Funding, LLCminorStrategic or Co-development PartnerRedwood Trust announced a definitive agreement to acquire Riverbend Funding, LLC, expanding CoreVest's capabilities.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lima One Capital: Direct lender to real estate investors offering rental, fix-and-flip, and new construction loans across a similar product suite. Closely comparable to CoreVest in customer segment (residential investors) and product mix.
• Kiavi: One of the largest tech-enabled lenders to residential real estate investors, providing bridge and rental financing. Direct competitor to CoreVest's fix-and-flip, credit-line, and rental loan products.
• Deephaven Mortgage: Non-QM and investor-focused residential mortgage lender serving self-employed and investment-property borrowers. Comparable to CoreVest's DSCR and non-recourse investor offerings.
• Angel Oak Mortgage Solutions: Non-QM and investor loan wholesale/correspondent platform serving residential real estate investors via a broker channel. Overlaps with CoreVest's investor-focused products and broker distribution.
• RCN Capital: Direct private lender to real estate investors offering fix-and-flip, rental, and new construction loans. Similar customer base and short-term/long-term investor product mix to CoreVest.
• Verus Mortgage Capital: Non-QM and investor mortgage lender distributing through a broker/wholesale channel. Comparable to CoreVest in DSCR, non-QM, and investor-focused origination.
• Newfi Wholesale: Non-QM wholesale lender with focus on investor and self-employed borrower products. Direct overlap with CoreVest's DSCR and non-owner-occupied loan offerings.
• A&D Mortgage: Non-QM lender with investor loan programs distributed through a wholesale broker network. Comparable to CoreVest's non-QM and DSCR investor financing.

Broad incumbents

• Arbor Realty Trust: Diversified multifamily and SFR lender/servicer with capital-markets funding access. Larger and broader than CoreVest, with overlapping multifamily and SFR finance exposure.
• Walker & Dunlop: Large commercial real estate finance company with multifamily, SFR, and investment-property loan capabilities. Competes with CoreVest at the upper end of the multifamily and investor lending market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/CoreVestFinance
• YouTubeyoutube.com/c/CoreVestFinance
• Facebookfacebook.com/CoreVest
• LinkedInlinkedin.com/company/corevestfinance
• Instagraminstagram.com/corevest

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoreVest American Finance