CoreVest Finance
(CoreVest American Finance Lender, Redwood Trust, 5 Arch Funding, 5 Arches)
Lender
Private|Lender
4 Park Plaza, Suite 900 Irvine, CA 92614
630 Fifth Ave., Suite 2630 New York, NY 10111
People:
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Notes
CoreVest Finance is a subsidiary of Redwood Trust. Redwood Trust acquired 5 Arches, the parent company of 5 Arch Funding, in 2019.
Company Activity past 24 months:
Lender company: 1 for $7.2 million
Recent activity as company:
• Kenneth Chan borrowed $31.8 million from Fortress Investment Group for 42 India Street on October 22, 2025.
• Jacob Jacobowitz borrowed $7.2 million from CoreVest American Finance Lender for 1260 Decatur Street on August 27, 2024.
• Alexander Property Holdings on November 13, 2023 bought a loan with an original principal of $7.5 million from CoreVest American Finance Lender, signed by Sokun Soun, secured by 343 West 47 Street, when owned by Fang Zou.
• Kenneth Chan borrowed $29.5 million from CoreVest American Finance Lender for 42 India Street on March 20, 2023.
• Joel Mittelman borrowed $8.8 million from CoreVest American Finance Lender for 1000 Woodycrest Avenue on May 13, 2022.
• Yakov Gelb and Mike Kohn borrowed $30.6 million from CoreVest American Finance Lender for 4723 12 Avenue on March 31, 2022.
• Joel Schwartz borrowed $5.2 million from Bridge City Funding for 922 Dekalb Avenue on October 08, 2021.
• BCN Development borrowed $10.2 million from Metropolitan Commercial Bank for 2086 Valentine Avenue on July 15, 2021.
• Chaim Walter borrowed $5.2 million from Corevest American Finance Lender for 236 Pulaski Street on January 26, 2021.
• Therese Oliva borrowed $9.2 million from Crown Bank for 193 Henry Street on December 18, 2020.
Latest Stories:
• OTL Enterprises signs $4M loan for 10-unit rental in Lower East Side (June 24, 2025)
• Sunil Agarwal pays $5.9M for dev site in Bayside through foreclosure (July 24, 2024)
• $7.5M bankruptcy at Hell’s Kitchen condo renovation project (July 12, 2023)
• JY Capital Group buys $8M note secured by dev site in Bayside (January 10, 2023)
• 1260 Decatur LLC obtained financing of $8M from Santander Bank (August 26, 2019)
Court Records:
