Verus Commercial Real Estate Finance, LLC (VCREF) is a subsidiary of Verus Residential Loanco, LLC d/b/a Verus Mortgage Capital, who is a leading provider of capital in the residential non-QM space. VCREF is a nationwide direct lender that provides bridge financing solutions for commercial real estate assets as well as a permanent loan product for single family rental (SFR) portfolios. As a specialty finance lender, VCREF specializes in providing loan solutions that are customized to meet the specific business needs of our borrowers. Financing with VCREF provides borrowers a personalized loan experience with a quick closing time frame that other competitors do not provide. By offering flexible structure and a streamlined funding process, VCREF can quickly address any challenges that arise and adjust our deal structure accordingly. The bridge loan program offers capital for transitional properties for a mixture of situations, including acquisitions, refinances, equity recapture, and renovation. Our recent bridge loan fundings contain a variety of scenarios and locations, ranging from a $17.8M multifamily conversion in White Plains, NY to a suburban office building acquisition in Fairborn, OH for $3.1M (which was closed in just 17 days). VCREF also recently closed on a mixed-use portfolio in Yonkers and New Rochelle, NY , demonstrating our flexibility and ability to tailor a loan that addresses the interim financing needs of our borrowers. In another situation, VCREF was able to refinance one property in order to recapture equity for the acquisition of a second property, resulting in a $4.25M funding. VCREF considers most asset classes for our bridge loan program, including office, retail, industrial, multifamily, hotels/hospitality, parking retail, condos, mixed-use, self-storage, manufactured housing, and SFR portfolios.
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