Bigger Cash Flow Podcast 060: Portfolio lending through CoreVest w/ Ramsey Kassih
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Episode: 060
Title: Portfolio lending through CoreVest w/ Ramsey Kassih
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Show notes:
Today we are excited to have Ramsey on the podcast. Ramsey is currently working at CoreVest Finance and is helping investors obtain portfolio financing. Ramsey is also an investor himself, growing up while also working on rentals with his family. He currently owns a portfolio in the Pittsburgh market.
CoreVest Finance was founded in 2014 to meet the demand for affordable capital for a broad range of residential real estate investors. CoreVest's goal is to help investors scale by bringing attractive loan products to investors. To date, CoreVest has funded more than 40,000 units, closing over $6 billion in loans processed! Bo was able to use CoreVest to help scale his portfolio to where he is today. Please follow along to see the world of commercial lending and what you can expect when working with CoreVest!
On this episode you'll learn:
Ramsey's background and his work at CoreVest
Introduction to CoreVest's Rental Portfolio Product
Differences between commercial lending vs the conventional lending
Some criteria that commercial lenders are looking for - specific to CoreVest
The application process with CoreVest
The underwriting process with CoreVest
How LLC's play into the commercial portfolio lending
LTV requirements from CoreVest
General Terms that you might see working with CoreVest
Some things to look out for such as prepayment penalty with Commercial Portfolio loans
Other Products that CoreVest offers
Contact Info:
Website: https://www.corevestfinance.com/
LinkedIn: https://www.linkedin.com/in/ramsey-kassih