An experienced real estate agent and attorney presented his personal portfolio of 40-plus investment properties in the Detroit metro area. Although he had been investing in real estate since 2008, he first contacted CoreVest at the beginning of 2017 and was quickly issued a term sheet on a selection of single-family rentals. His deal kicked off shortly thereafter — and through his diligence in uploading documents, scheduling appraisals and meticulous record keeping, he breezed through underwriting in a record-setting 21 days. In this case, the deal closed quickly because the borrower had a realistic sense of what his properties were worth and his portfolio was fully leased at kick-off — two important factors of the diligence process.
