Center Street Lending offers hard money loans to real estate investors. They lend up to 80% of LTV based on purchase price and 80% of ARV based on rehab costs. They have offered loans since 2010. They have an A+ BBB Rating, with 3 positive reviews filed with the BBB.
Lender Information
| Business Name: | Center Street Lending |
| Business Website: | centerstreetlending.com |
| Business Address: | 18301 Von Karman, Suite 330 Irvine, CA 92612 |
| Business Phone: | 800.208.1803 or 800.208.2976 |
| Business Email: | info@centerstreetlending.com |
| Business Established: | 2010 |
| Facebook: | facebook.com/centerstreetlendingcorp/posts/751189051730654 |
Center Street Lending: Rates & Terms
| Types of Properties | Non-owner occupied properties 2 to 4 units SFR PUD’s Warrantable condos |
| Loan Amount | Fix & flip: $50,000 to $3 million Rental loan: $85,000 to $1 million |
| LTV | 80% of purchase price |
| ARV | 80% of rehab expenses |
| Interest Rates | Start at 8% |
| Lender Fees | No prepayment penalties |
| Loan Terms | 12 months |
| Minimum Qualifications / Documentation | 20% to 35% down payment Excellent credit Cash reserves of 4-6 months of loan payments No bankruptcy in the last 36 months 1st trust deed only All loans personally guaranteed All properties must be non-owner occupied |
| Time to Funding | 2 weeks or more |
| Other Financing Available | Fix/flip program SFR rental program Fix/flip line of credit |
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
States Currently Lending In
Arizona, California, Colorado, DC, Florida, Maryland, North Carolina, Tennessee, Texas, Virginia, Washington
