Blanket Mortgage Loans
Blanket Loan Lender
CoreVest actively lends fix and flip bridge loans for rental properties throughout IL – Aurora, Peoria, Rockford, Joliet, Naperville, Chicago and all other major cities in Illinois.
Loans Custom Built for Residential Real Estate Investors
Whether you’re looking to buy and hold, fix and flip, or build to rent, CoreVest has the capital for your investment needs. Our rental loans provide liquidity and long-term peace of mind to owners of stabilized rental properties while our bridge loans and pre-approved credit lines provide funds to investors with shorter investment horizons.
What Property Types does CoreVest Finance lend on for investment properties?
We lend on single family homes, condos, townhouses, 1-4 unit residences and small multi-family assets.
What are CoreVest Finance’s Fix & Flip Rates for?
CoreVest Finance has interest rates starting at 8% for investment property rental loans. Rates vary due to investor’s past history and experience. For current rates, give us a call.
Does CoreVest finance rehab expenses and ground up construction?
We finance certain rehab expenses under our Fix and Flip Bridge Loans. We also offer Ground Up Construction loans to qualified investors.
What is the minimum number of rental properties needed for a Rental Portfolio Loan?
For our Rental Portfolio Loan, we require a minimum of 5 properties. We also offer a single asset rental loan on individual properties.
What is the minimum/maximum loan amount for fix and flip loans?
CoreVest Finance rental loans vary from $95k – $5 Million.
What is my turnaround time for an application?
We usually respond back to potential borrowers with a term sheet between 2-7 days.
How long will it take my Loan to close?
Our Single Asset Bridge loans typically close within 10 days. Most of our Rental Loans close within 4-6 weeks.
Together We Grow
CoreVest continues to grow with our borrowers and remain active participants in the industry