CoreVest Completes $313 Million Single-Family Rental Securitization
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Wednesday, June 29, 2022
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CoreVest American Finance Lender LLC (CoreVest), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc., today announced that it has closed a $313 million securitization (CAFL 2022-1) backed by its single-family rental (SFR) loans.
Key Points:
- CoreVest American Finance Lender LLC (CoreVest), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc., today announced that it has closed a $313 million securitization (CAFL 2022-1) backed by its single-family rental (SFR) loans.
- The transaction represents CoreVests second securitization in 2022, 19th SFR securitization and 21st overall securitization.
- This will also be CoreVests first securitization to include data aligned with the Sustainability Accounting Standards Board (SASB) environmental, social and governance (ESG) guidance framework.
- The strength of our securitization platform continues to be an important point of differentiation for CoreVest, supporting our growth and capital flexibility, as we offer a compelling product with quality underwriting standards, said Christopher Hoeffel, President of CoreVest.