CoreVest Launches Short-Term Rental Product and Closes $12.4 Million Short-Term Rental Portfolio Loan in Charlotte, North Carolina
CoreVest American Finance, LLC (“CoreVest”), a leading lender to residential real estate investors nationwide and division of Redwood Trust Inc., has announced the launch of a new loan product uniquely designed to meet the needs of its clients branching into short-term rentals. The inaugural loan was a 5-year, $12.4-million acquisition loan for a portfolio of 43 short-term rentals in Charlotte, North Carolina.