General World News

CoreVest finalizes $313M securitization

Redwood Trust’s CoreVest division has closed a $313 million private-label offering backed by 82 loans that are in turn collateralized by some 1,800 properties located in 24 states and the District of Columbia.

The transaction, CAFL 2022-1, represents CoreVest’s second securitization deal this year and its 21st to date. The collateral includes single-family rental (SFR) properties (70%), along with multifamily properties (22%) and some mixed-use properties (8%).

CoreVest provides financing to real estate investors across the country and boasts more than $15 billion in loans closed and some 125,000 units financed, according to the lender.

Liquid Mortgage Inc., in which Redwood Trust holds details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com