Ep 42 | Joakim Mortensen - Evolution of Real Estate Investor Lending: Insights From CoreVest
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In this episode, Joakim Mortensen from CoreVest discusses the evolution of investor lending in real estate over the past decade. He highlights CoreVest's unique offering of non-recourse financing, explaining the underwriting process and the importance of property valuation and market experience. Joakim also delves into challenges faced when introducing a new asset class to Wall Street and the significance of liquidity and industry collaboration. The conversation touches on the evolution of credit enhancements and loan features, along with the impact of ownership transition from Colony Capital to Redwood Trust. Joakim shares insights on market challenges and opportunities, including the influence of interest rates and the role of securitization. He concludes with a discussion on borrower profiles for CoreVest.
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