Multifamily loans can help take your real estate investing needs to the next level. Whether you are financing townhomes, condos or student housing or looking to refinance a multifamily portfolio of real estate assets, CoreVest can help. CoreVest has experience working with multifamily real estate investors throughout the state of Michigan.As Michigan’s multifamily real estate market continues to explode, more and more investors are capitalizing on low entry real estate purchases. Obtaining capital from a traditional bank will only get you so far. As a private multifamily lender, CoreVest can open up your opportunity to invest in more Michigan multifamily properties.CoreVest Finance is the leading private lender for multifamily loans in Michigan with a total of over $6 billion in loans closed in company history.
CoreVest actively lends multifamily loans for rental properties throughout MI – Detroit and all other major cities in Michigan.
Whether you buy and hold or fix and flip in Michigan, CoreVest has the capital for your investment needs
Multifamily Term Loan
$1M – $100M+
5 or 10 year terms
Call protection / lockout depends on loan term
Up to 70% of value
IO and amortization options
1.20x DSCR requirement (1.25x for loans <$2M)
Non-recourse
Multifamily, condos, mixed use w/ majority residential, others assets case by case
Multifamily Bridge Financing
$2M – $10M+
18 to 24 month terms
No call protection lockout
Up to 70% of cost
Interest only amortization
No initial DSCR requirement
Non-recourse
Multifamily, condos, mixed use w/ majority residential, others assets case by case
Joakim MortensenMichigan Chief Client OfficerE: [email protected]P: 844-223-7496
Since the recession, Michigan has been slowly rebounding to a thriving economy. With a high foreclosure rate comes large inventory for investment properties. Each of these cities below show positive signs of population growth, which will bring in new homebuyers and renters.
There are so many great opportunities for multifamily projects in Michigan at the moment. CoreVest Finance can help you finance your next multifamily loan.Some of the best place to invest in Michigan multifamily properties are in the cities of Detroit and all other major cities in Michigan.
We have partnered with thousands of borrowers to finance residential investment properties across the nation.
Our streamlined closing process and dedicated support allows you to focus on your business, not our paperwork.
Our streamlined closing process and dedicated support allows you to focus on your business, not our paperwork.
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For more information on Michigan multifamily loans, please call Joakim Mortensen at 844.223.7496, fill out the form below or email [email protected].
Together We Grow
CoreVest continues to grow with our borrowers and remain active participants in the industry
