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Center Street Lending

Irvine, CA·Founded 1992·Nationwide
Visit website ↗(949) 867-7880
Center Street Lending offers bridge, fix-and-flip, rehab-to-rent, new construction, short-term rental and long-term DSCR rental loans for residential real estate investors.
Center Street Lending describing itself

Loan programs

Bridge

$150K – $2.5M
Term
6 mo – 24 mo
Maximum leverage
Max LTV 80%Max LTC 93%Max ARV 75%Max LTP 93%

Ground-Up Construction

$250K – $2.5M
Maximum leverage
Max LTV 80%Max LTC 90%Max LTCV 70%

DSCR / Long-Term Rental

$100K – $3M
Term
30 yr
Maximum leverage
Max LTV 80%

Fix & Flip

Maximum leverage
Max LTV 80%Max LTC 95%Max ARV 80%Max LTP 93%

Fix to Rent (BRRRR)

Maximum leverage
Max LTC 95%Max ARV 80%Max LTP 93%
Also offers— no published terms
Land & LotMultifamily

Terms & qualification

Typical loan size
$150K – $40M
Typical term
6 mo – 24 mo
Interest rate
8.5% – 11.75%
Origination / points
0.50% to 2.00%
Minimum FICO
650
Lien position
Primarily first-position loans
Prepayment penalty
No prepayment penalty on short-term programs
Payment structure
Interest Only
Recourse
Always
Prepayment structure
None
Cross-collateral
Yes
Equity / JV capital
Yes
Income documentation
Credit Report, Bank Statements, Loan Application
Borrower entity
Individual(s), LLC, Limited Partnership, Trust, Corporation, Self-Directed IRA

Property types

2–4 Unit ResidentialCondo / Townhome / PUDMobile / ManufacturedMultifamily (5+)Single-Family (SFR)Land & Lots

Lending footprint

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Explicitly excluded: AK, ID, MN, ND, NV, SD, UT, VT

Sources

This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.