Center Street Lending is a hard money lender that 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.
Popular Hard Money Lenders 2019
Lender | Best For |
|---|---|
Investors who want competitive rates and fast funding for residential fix and flips | |
Landlords wanting to refinance or grow their rental portfolio | |
Short-term investors looking for a good residential fix-and-flip hard money loan option | |
Investors who want great customer service with a local bank feel from a 44-state lender | |
Fix and flippers who want an alternative to LendingHome, but with a commercial component |
States Currently Lending In
Arizona, California, Colorado, DC, Florida, Maryland, North Carolina, Tennessee, Texas, Virginia, Washington
