Financial Services & Investing

CoreVest Announces Promotion of Christopher Hoeffel to President

CoreVest is the leading lender to residential real estate investors, nationwide.

NEW YORK, March 1, 2021 CoreVest American Finance, LLC  has announced the promotion of Christopher Hoeffel to President. Mr. Hoeffel, previously the Chief Financial Officer for CoreVest, will take on additional strategic functions within as well as its parent company, Redwood Trust, Inc. (“Redwood”). Notably, he will be joining Redwood’s Investment Committee, a group tasked with strategic allocation of the firm’s capital. Within, Mr. Hoeffel will expand his scope to include product development and credit policy, two key areas for the firm. He will continue to oversee all his current functional areas as well.

Beth O’Brien, Chief Executive Officer of CoreVest, said about the promotion, “Chris has been a key member of the senior management team and integral to our growth and success over the years. I am excited about the additional contributions that he will bring in developing strategies for continued growth at CoreVest and collaborating with our partners at Redwood.”

About CoreVest

CoreVest is the leading lender to residential real estate investors, nationwide. It offers long-term loans for stabilized rental properties as well as short-term bridge loans, investment credit lines and build to rent programs. With more than $10 billion in loans funded and approximately 100,000 units financed, offers attractive rates, rapid timelines and closing certainty. The company works directly with borrowers and brokers. CoreVest (previously Colony American Finance) was founded in 2014 to meet the demand for affordable debt capital by a broad range of real estate investors. is a direct lender specializing in residential investment asset finance. CoreVest has since funded more than 90,000 units and closed over $9 billion in loans, becoming the leading lender to residential investors nationwide. This is a result of our relentless focus on providing investors with the products they need and the service they deserve. Chris Hoeffel has more than 30 years of experience at the top financial institutions and remains active in the finance industry where he was a former president of the Commercial Mortgage Securities Association (now CREFC) and held leadership roles at the Mortgage Bankers Association.

This news is shared to prittle prattle news via  a press release.

By PR Newswire

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