Center Street Lending Announces New Loan Products and Lower Rates
The Premier Private Money Lender Offers New Loan Products to Residential Rental and Fix/Flip Investors
IRVINE, Calif., June 17, 2015 /PRNewswire/ -- Center Street Lending, one of the largest private money lenders to the residential investor community, today announced significant improvements and additions to its loan products. Financing at low rates is now available for both residential rental and fix/flip properties across Center Street's markets in AZ, CA, CO, FL, MD, NC, TX, VA and WA.
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Center Street Lending has provided timely funding for thousands of loans to residential investors since 2010 and is now offering lower rates and new loan products to residential investors. "Center Street Lending has always been known for great service and its quick funding of loans. That same level of service is still available with its new loan programs with lower pricing which makes Center Street the one-stop shop for all residential investors," said Brandon Hammermeister (NMLS 1114531) VP of Business Development and Senior Underwriter. "Center Street offers financing solutions that are innovative, competitive, and are quick and seamless to secure and fund."
Key features and benefits of new loan products include:
- Rental Program – designed for investors seeking to purchase or refinance rented or rent-ready properties
- Interest rates as low as 6.5% (7.0% APR)
- Up to 70% loan to value
- 3 – 5 year terms
- Fast qualification and minimal documentation required
- Increased liquidity to purchase additional properties
- Fix/Flip Program – available for investors who need to close in as little as 24-48 hours
- Interest rates as low as 9.0% (10.1% APR)
- Terms from 6 – 12 months
- Up to 80% loan to cost
- Additional renovation financing available
- Construction Loan Program – created for investors who plan to build on vacant land
- Interest rates as low as 11.0% (12.1% APR)
- Up to 80% of total construction costs financed
- Fund control required
- Fix/Flip Line of Credit – intended for use by larger investors who need to free-up cash on completed homes
- Interest rates as low as 8.0%
- Must own a minimum of three properties
- Up to 70% of repaired value
- 12 month term
The combination of low rates, fast loan approval and funding, coupled with industry-leading customer service are qualities not usually found in one lender, but Center Street offers them all.
For more information about Center Street Lending, please visit www.CenterStreetLending.com, call 949.244.1090 or email [email protected]
About Center Street Lending:
Center Street Lending (CA BRE 01883377, NMLS 905781) is one of the largest private money lenders offering residential investors financing for rental and fix/flip properties at attractive rates. Industry-leading service, flexible underwriting, attractively priced loans, no hidden fees and available next day funding are some reasons investors select Center Street Lending for their financing needs.
For further information, please contact:
Center Street Lending
Jens Schoell
Director of Marketing
18301 Von Karman
Suite 330
Irvine, CA 92612
Tel: 949-244-1090
Email
SOURCE Center Street Lending
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