Long Term Rental Loans

Who are Long Term Rental Loans Suited For?
Center Street Lending’s long term rental loans are for rental property owners that are looking for a 30-year refinance option.
Property Types We Long Term Rental Fund
We lend on single-family rental properties, 2 to 4 units, townhomes, planned unit developments, or condominiums. All properties must be non-owner occupied. Foreign nationals are subject to a lower loan to cost (LTC) and loan to value (LTV) thresholds.


How do Long Term Rental Loans Work?
We require a minimum score of 680+ and a $100,000 loan amount. All of our loans are serviced and underwritten in-house, for 7-10 business day funding time. Once you have filled out an application and been pre-qualified for your loan you will need to provide specific documentation.

Long Term Rental Program Criteria
To get a Long Term Rental loan started you will need:
- A 680+ minimum score
- $100,000 up to $2,500,000 non-owner occupied property
- 2 months of recent bank statements
- Score and background check

Terms
- Max 75% LTV
- Rates from 5.875%-7.5%
- 30-year term
- DSCR and minimum 3 year pre-pay
States We Lend
- Arizona
- California
- Colorado
- D.C.
- Florida
- Georgia
- Maryland
- North Carolina
- Oregon
- Tennessee
- Texas
- Virginia
- Washington

Recent Deals

-
Longmont, CO
- Loan Type: Fix and Flip
- Loan Amount: $298,023
- LTC : 85%
-
Winnetka, CA
- Loan Type: 2 Year Rental
- Loan Amount: $588,750
- LTC : 0%
-
Scottsdale, AZ
- Loan Type: Fix and Flip
- Loan Amount: $184,005
- LTC : 87%
-
Rancho Santa Fe, CA
- Loan Type: Bridge Loan
- Loan Amount: $1,630,000
- LTC : 67%
-
Indio, CA
- Loan Type: Construction
- Loan Amount: $1,825,000
- LTC : 73%
-
Palm Springs, CA
- Loan Type: Fix and Flip
- Loan Amount: $354,250
- LTC : 86%
-
Oakland, CA
- Loan Type: Fix and Flip
- Loan Amount: $335,750
- LTC : 91%
-
Orange, CA
- Loan Type: Fix and Flip
- Loan Amount: $443,200
- LTC : 80%
-
Torrance, CA
- Loan Type: Fix and Flip
- Loan Amount: $844,000
- LTC : 80%
-
Temecula, CA
- Loan Type: Fix and Flip
- Loan Amount: $408,000
- LTC : 80%
-
San Dimas, CA
- Loan Type: Fix and Flip
- Loan Amount: $380,000
- LTC : 80%
-
Oak Park, IL
- Loan Type: Fix and Flip
- Loan Amount: $208,000
- LTC : 0%
-
Irvine, CA
- Loan Type: Fix and Flip
- Loan Amount: $2,512,500
- LTC : 79%