Verus Commercial Real Estate Finance Introduces Single Family Portfolio Loan Product

NEW YORK – January 4, 2021 – Verus Commercial Real Estate Finance (VCREF), a division of Verus Mortgage Capital (VMC), is pleased to announce a new product for the financing of Single Family Home Rental Portfolios. It is the first new product for VCREF, in addition to its traditional bridge loan business, which focuses on origination opportunities in commercial real estate credit.  

“We are excited to introduce a product that is both synergistic with Verus Mortgage Capital’s residential business, as well as scalable for VCREF’s growing business,” said Rick Koenigsberger, Co-President of VCREF.

Lending Parameters of the Single-Family Portfolio product include:

• Minimum of 5 (SFR – 1 Unit) properties or 3 (2-4 unit) properties
• 5-20 unit properties, warrantable condominiums, modular homes, leaseholds
• 5, 7 and 10-year fixed loan with both interest only and amortizing options
• Loan sizes of $500,000 – $15 million
• Purchase, Rate/Term Refinance, Cash Out Refinance
• Up to 75% LTV 
• Non-recourse or Limited recourse