Direct lender

Direct lender

Address: 55 E. 59th St., Sixth Floor
New York, NY 10022
Long Business Description:

Loan Programs:

Spec Revolving Lines:

The SPEC Revolver / 5 Year Line program is for professional builders wanting to better optimize pricing and terms. Just as with our Construction Loans, expect nothing less than impeccable service including a dedicated loan representative and the potential for same-day draws. Make your funding reliable, simple, and fast.  If you would be a first-time client, consider starting your Builder Finance Inc. relationship with a regular Construction Loan before progressing to this.

Cost:

  • Rates as low as 6.99% fixed.
  • 2-3 points total for the entire 5-year term.

Maximum loan-to-cost:

  • 99%

Features:

  • “Skip” monthly payments.
  • Same day draws possible.
  • Projects up to $3.5+ million.

Construction Loans:

Interest rate:

  • 4.99 to 7.99% rate.
  • No monthly interest rate payments (14 months).

Maximum loan-to-cost:

  • 75% (65% new borrower).
  • 85% possible if land subordinate.

Features:

  • Same day draws possible.
  • Limited recourse available
  • And more…

Rental Loans:

    1 point. 4.25%-6.25% fixed rate.
5/2 ARM for investors wanting certainty and flexibility.
We fund and service Investment Property Loans

Loans to Acquire or Refinance an existing investment property:

PRICING: 5 Years = LOW Rates = 4.25%-6.25% investment property mortgage rates.

FLEXIBILITY: A 2-year extension option if need more time at the greater of Prime +1% and the rate during the initial term.

SERVICE: Unlike many lenders, we fund AND service our own investment property loans – we’re just an email or phone call away to help!

Build-2-Rent:

Single close, 5-year term.

The smart, easy way to build a rental property and then to hold it as a rental. One loan closing. Great terms. Great rates. Consistent service – we fund and hold our loans on the balance sheet. 

TERMS:

Size:

  • Loan size $100,000 – $650,000. Call for larger loans.
  • Loan-to-cost  75% – subject to qualifications.

Structure:

  • Term: 5 years (1 year for construction).
  • Recourse: Full
  • Payment: Year 1: Interest only with interest reserve. Years 2-5: Interest only available.

Costs:

  • Origination fee: 2%
  • Interest rate: 6.50%
  • Other: Third-party cost, $500 closing fee.

 

Business Website Address:
Business Phone Number:
800.752.0401
Address: 18301 Von Karman Ave., #330
Irvine, CA 92612
Long Business Description:

https://www.facebook.com/centerstreetlendingcorp/videos/1084025895301651/

 

Our Difference

We are personally invested in each and every loan. We deliver easy transactions that are competitively priced and swiftly executed. Above all, we are committed to our customers’ success because when they succeed it’s good for everyone.

Loan Programs

Fix/Flip Program

For seasoned investors who buy, rehab and sell residential properties of up to 4 units.

Loan Features:

  • $100,000 – $2,500,000 loan amount
  • Flexible underwriting with minimal documentation
  • Quick closing time – 10 days or less
  • Maximum LTV (purchase): 85%
  • Maximum LTARV (after-repair value): 75%
  • Maximum LTC construction: 85%
  • Extremely competitive rates and points
  • Loan term: 6-18 months
  • Extensions options available
  • In-house easy draw process: fulfilled in four days
  • Property types: single-family residence, 2-4 units, townhomes, planned unit development, condominium
  • All properties must be non-owner occupied
  • No prepayment penalties
  • Markets: AZ, CA, CO, DC, FL, GA, MD, NC, OR, TN, TX, VA & WA
  • Foreign national: subject to a lower LTC/LTV threshold

Loan Benefits:

  • Easy lending on residential and rehab projects
  • Create more opportunities with fast loan turnaround
  • Less capital required to complete a project
  • You are covered if projects are extended
  • Quick access and hassle-free draws

Rental Program

Our rental program is for seasoned investors who buy and rent residential properties up to 4 units.

Loan Features:

  • Loan Amount: $150,000 – $1,500,000 ($50,000/unit min.)
  • Loan term: 30 years, 3 years fixed
  • Prepay: 3% prepay first 3 years, 3/2/1 available
  • Rates and points:  Extremely competitive
  • Maximum LTV: Up to 75%
  • Cash-out available: Certain terms apply
  • Quick closing time: 10 days or less
  • Underwriting: Flexible with minimal documentation
  • Property types: Single-family residence, 2-4 units,
    townhome, planned unit development & condominium
  • Markets: AZ, CA, CO, DC, FL, GA, MD, NC, TN, TX, VA & WA
  • Occupancy: Non-owner occupied properties only
  • Foreign nationals: Subject to a lower LTV threshold
  • Minimum DSCR: 0.75

Loan Benefits:

  • Create more opportunities with fast loan turnaround
  • Easy lending with limited documentation required
  • Simple process with a loan based on DSCR vs. tax returns

Ground Up Construction Program

Our ground-up construction program is for seasoned investors who need capital to start projects right away.

Loan Features:

  • Loan Amount: $250k minimum
  • Fico Score: 680 minimum
  • Loan term: 9 to 18 months
  • Prepay: No pre-payment penalty
  • Rates and points:  Extremely competitive
  • Maximum LTC/LTV: Up to 75%
  • Cash-out available: Certain terms apply
  • Quick closing time: 10 days or less
  • Underwriting: Flexible with minimal documentation
  • Property types: Single-family residence, 2-4 units,
    townhome, planned unit development & condominium, Multi-units < 20
  • Markets: AZ, CA, CO, DC, FL, GA, MD, NC, OR, TN, TX, VA & WA
  • Occupancy: Non-owner occupied properties only
  • Ground up experience required

Loan Benefits:

  • Create more opportunities with fast loan turnaround
  • Easy lending with limited documentation required
  • Quick, hassle-free draws to keep your construction projects moving

Bridge Loan Program

Our bridge loan program is for seasoned investors who need a bridge loan to close quickly on a property.

Loan Features:

  • Loan Amount: $100k minimum
  • Fico Score: 620 minimum
  • Loan term: 6 to 24 months
  • Entity ownership preferred
  • Rates and points:  Extremely competitive
  • Maximum LTC/LTV: Up to 75%
  • Cash-out available: Certain terms apply
  • Quick closing time: 10 days or less
  • Underwriting: Flexible with minimal documentation
  • Property types: Single-family residence, 2-4 units,
    townhome, planned unit development & condominium. Multi-units < 20
  • Markets: AZ, CA, CO, DC, FL, GA, MD, NC, OR, TN, TX, VA & WA
  • Occupancy: Non-owner occupied properties only

Loan Benefits:

  • Create more opportunities with fast loan turnaround
  • Easy lending with limited documentation required
  • No existing leases required, must be rent ready
Business Website Address:
Business Phone Number:
866.337.1062
Business Website Address:
Business Phone Number:
(888)-297-4440
Business Tags: