CRE-Finance, the leading lender to real estate investors, announced that it recently surpassed last year’s volume despite the challenges COVID-19 has brought to the secondary marketplace.
“We are very too happy to still have most of the core programs that many have dropped in these times,” Todd Tretsky, managing partner of CRE-Finance, said in a release. “Our growth continues to accelerate as a result of strong performance from our core rental loan business as well significant increases in our bridge lending platform and other loan products.”
CRE-Finance has expanded its loan offerings significantly to meet the wide range of investor strategies. Recent product introductions include additional bridge loan products for multifamily properties; and 30-fixed long-term financing, which are highly competitive products in this marketplace. Loan portfolios now have a minimum of only two properties required which offers great flexibility and provides another alternative besides individual properties, according to the company’s release.
"We are thrilled with the continued strong support from the secondary markets as investors are very bullish on rental loan program and bridge products as they are attracted to the strong portfolio cashflows, seasoned investor operators, and leverage points," Tretsky said.