We provide first lien short-term financing within 24 hours for residential real estate investors purchasing properties at discounted prices through trustee sales, pre-foreclosures, short sales, bank REO's, or just about any other kind of discounted sale. Read More»
"Working with Center Street was a pleasure. They were attentive to my needs as an investor and made me feel that I was their only client. Center Street has become my preferred lender because they strive to provide the best for me and my partners."
- San Diego, CA...
"I am very pleased with the business relationship I have with Center Street Lending. I was able to receive my funding in a short period of time and their flexible structures and programs made me feel comfortable. I am looking forward to more transactions in the future with them."
- Fullerton, CA... Read More»
Currently southern California including Santa Barbara, Ventura, Los Angeles, Orange, Riverside, San Bernardino and San Diego counties.
Loan to Value ("LTV"):
The maximum loan to value is 65% of the as repaired value of the property.
Minimum Down Payment:
Borrowers are required to contribute a minimum of 20% - 30% equity for each loan. This must be in the form of cash consideration, not "created" equity.
Personal guaranties are required for all loans for the entire loan amount. If a borrower is an entity then a personal guarantee is required by the entity owner(s). If the borrower is an individual, then the guarantor cannot be a spouse.
Borrowers are required to deposit up to two months of interest payments at loan closing that are held in case of a loan default to be applied to the borrower's account at Center Street Lending's discretion. In the event that the borrower complies with all of the terms and conditions of the loan, the interest impound is credited to the borrower at full loan payoff... Read More»