Thursday, 20 June 2019

Fortress could sell resi lender CoreVest for $400M

Fortress Investment Group is considering a sale of CoreVest, a residential real estate lender that it acquired in 2017. SoftBank-owned Fortress is “exploring strategic options including a sale” of Irvine, California-based CoreVest, Bloomberg reported. Sources told the outlet that the lender could be valued at $400 million or more. The firm offers short-term credit lines, bridge financing and loans on both portfolios and single properties. It claims to have closed more than $5 billion in […]



source https://therealdeal.com/national/?p=195594#new_tab

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