Center Street Lending
- Kara Armstrong
- Liza Rivera
Marketing Manager
Bridge Loan | |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $10,000,000 |
| Terms | 6 month, 1 year, 2 year |
| Credit Score Min | 700 |
| Lien Position | 1st |
| General Pricing or Guideline info | Benefits of Working With Us [] Customer Focused [] Minimal Documentation Competitive Pricing [] No Pre-Payment Penalty Available [] In House Servicing [] Fixed/Interest Only Payments [] Short Term Rental Friendly (Airbnb & VRBO) Rental Property Program Criteria 1. Score and background check 2. A 650+ minimum FICO score 3. $250,000K – $10MM Loan Amount 4. 2 months of recent bank statements 5. 12 - 24 Month Loan Term *Property Types We Fund- All properties must be non-owner occupied. |
| Updated as of | 2023-09-26 |
Rehab Loan | |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $10,000,000 |
| Terms | 6 month, 1 year, 2 year |
| Credit Score Min | 700 |
| Lien Position | 1st |
| General Pricing or Guideline info | Benefits of Working With Us [] Customer Focused [] Minimal Documentation [] Closes as Quickly as 14 Days [] No Pre-Payment Penalty Available [] In House Servicing [] In House Fund Control Fix & Flip Program Criteria 1. Score and background check 2. $250K – $10MM+ non-owner occupied property 3. 2-months of recent bank statements 4. Fix & Flip Experienced Required |
| Updated as of | 2023-09-26 |
Bridge Loan | |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $10,000,000 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year |
| Credit Score Min | 700 |
| Lien Position | 1st |
| Intended Occupancy | Tenant, Vacant |
| General Pricing or Guideline info | Benefits of Working With Us [] Customer Focused [] Minimal Documentation [] Competitive Pricing [] In House Servicing [] No Pre-Payment Penalty Available [] Fixed/Interest Only Payments Bridge Program Criteria 1. Score and Background Check 2. $250K – $10MM+ Loan Amount 3. As-Is Apprasial Required 4. All Properties Must Be Non-Owner Occupied 5. Past Experience Required |
| Updated as of | 2023-09-25 |
Long Term Rental Loan | |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $2,500,000 |
| Terms | 30 year |
| Credit Score Min | 700 |
| Lien Position | 1st |
| General Pricing or Guideline info | Benefits of Working With Us: -Customer Focused -Minimal Documentation -Competitive Pricing -Quicker Closing Times -In-House Servicing Long Term Rental Program Criteria: 1. A 650+ minimum score. 2. $250K up to $2.5MM non-owner occupied property. 3. 2 months of recent bank statements. 4. Score and background check. *Property Types We Fund: All properties must be non-owner occupied. |
| Updated as of | 2023-09-26 |
Rehab Loan | |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $10,000,000 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year |
| Credit Score Min | 700 |
| Lien Position | 1st |
| Intended Occupancy | Tenant, Vacant |
| General Pricing or Guideline info | Benefits of Working With Us [] Customer Focused [] Minimal Documentation [] Competitive Pricing [] In House Servicing [] No Pre-Payment Penalty Available [] Fixed/Interest Only Payments Bridge Program Criteria 1. Score and Background Check 2. $250K – $10MM+ Loan Amount 3. As-Is Apprasial Required 4. All Properties Must Be Non-Owner Occupied 5. Past Experience Required |
| Updated as of | 2023-09-25 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Construction Loan, DSCR Loan, Hard Money Loan |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | arizona, california, colorado, florida, georgia, louisiana, maryland, new-jersey, north-carolina, oklahoma, oregon, pennsylvania, south-carolina, tennessee, texas, virginia, washington, wyoming |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $10,000,000 |
| Points Minimum 1st TD | 1 |
| Terms | 1 year |
| LTV Bridge | 75 |
| LTC Construction | 85 |
| ARV Rehab & Construction | 75 |
| LTC Rehab | 85 |
| LTV Long Term Rental | 75 |
| Intended Occupancy | Vacant, Tenant |
| Percentage of Budget Financed - Rehab | 80 |
| LTC Percentage of Budget Financed | 80 |
| NMLS ID | 905781 |
WHY WE ARE DIFFERENT
[] Minimal Documentation
[] In-House Servicing
[] In-House Fund Control
[] Competitive Pricing
OUR VISION
Our Difference
We are personally invested in every loan. We deliver easy transactions that are competitively priced and swiftly executed. Above all, we are committed to our customers’ success because it’s good for everyone when they succeed.
WHO WE ARE
Meet The Team
We are personally invested in every loan. We deliver easy transactions that are competitively priced and swiftly executed. Above all, we are committed to our customers’ success because it’s good for everyone when they succeed.
OUR LEADERSHIP
Our goal is to help our customers thrive. Every opportunity presented to them is a chance for us to help a community grow. Our team understands the importance of individual client needs, visions, and expectations. By prioritizing our customers and building strong and lasting partnerships, our team strives to make the funding process simple, smooth, and efficient. We add value beyond lending by openly sharing our knowledge and resources and providing the tools necessary for success.
Center Street Lending is located in Suite 330, Irvine. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans and DSCR Loans. The property type they primarily lend against is Multi Family, Mixed use, SFR and 2-4 Units. Their minimum loan amount is $150,000. Their maximum loan amount is $10,000,000. They offer loans for a minimum Term of 6 months. Maximum duration of 1 year. Points charged are deal specific, but historically have charged a minimum of 1.
These descriptions are limited information and meant for general reference purposes.