Rental Property Loans
Who are Rental Property Loans Suited For?
Our rental loans are suitable for AirB&B, VRBO or rental property owners that want to take advantage of fixed financing rates to purchase or refinance a rental property.
Property Types We Rental Property 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 Rental Property Loans Work?
We require a minimum score of 650+ and a $150,000 loan amount. All of our loans are serviced and underwritten in-house, for a 7-10 business days funding time. Once you have filled out an application and been pre-qualified for your loan you will need to provide specific documentation.
Rental Property Program Criteria
To get a Rental Property Loan started you will need:
- A minimum of 1 stabilized rental property for 12 months
- A 650+ minimum score
- $150,000 up to $2,500,000 non-owner occupied property
- 2 months of recent bank statements
- Score and background check
Terms
- DSCR / Debt yield requirements on a case by case basis
- Rates from 7.75%
- 6 – 24 months flexible terms
- No prepayment penalty
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%
Testimonials
Jeremiah can answer all of my questions, so pleasant to deal with, hard-working, kept me informed and in the loop at every step.
Doug F.
There is no way I would have been able to close on my purchase in the time I did if it wasn’t for Center Street’s rapid funding. They were quick and efficient right down to every detail.
Barbara T.
I appreciate how professional the staff at Center Street has been. Even when things got a bit difficult, as they do during rehab projects, it was always a pleasure to speak with everybody at the office.