Smarter Loans for Residential Investors™

Center Street Lending is a direct private hard money lender for residential real estate investors. 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. We offer 4 loan programs: Fix & Flip, Rental, Bridge,New Construction

Please note: We do not offer loans secured by owner-occupied homes or commercial real estate.

Property Geographic Area Details

AZ, CA, CO, DC, FL, GA, MD, NC, OR, TN, TX, VA, WA

Loan Amounts

$250,000 to $2,500,000

Interest Rates

5.99% to 11.99%

Max Loan-To-Value

75%

Max Loan-To-Cost

85%

Origination Fees

1% to 3%

Loan Terms

6 months to 24 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Condominium
  • Multifamily
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Specialty Loan Types

  • Condo Conversion
  • Residential Long-Term Rental

Purchase Loan

Max Loan-To-Purchase Price

85%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Seller Financing
  • Gap Lender

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

85%

Typical Number of Days for Funds Draw

4

Maximum After Repair Value

75.00%

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

2

Max LTC for Ground-Up Construction Costs

75%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

7

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Credit Report
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

650

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Fees

Processing Fee

Fees which are mandatory for all new borrower clients

  • Processing Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee

Fees which are charged upfront prior to loan closing

  • Appraisal Fee

Fees which are paid to a third party company

  • Settlement Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Renovation or Construction Funds Draw Fee
  • Other Fee

Additional Details

Feasibility Fee, GC Review

Fix & Flip Program Criteria

To get a Fix and Flip loan started you will need:

  • 3+ Fix & Flips completed in the last 24 months

  • A 650+ minimum score

  • $100,000 up to $2,500,000 non-owner occupied property

  • 2 months of recent bank statements

  • Score and background check

 

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

 

Bridge Program Criteria

To get a Bridge Loan started you will need:

  • A minimum of 1 stabilized property in the last 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

 

Ground Up Construction Program Criteria

To get a Ground Up Construction loan started you will need:

  • 1 Ground Up Construction project in the last 24 months or equivalent experience

  • A 680+ minimum score

  • $250,000 up to $2,500,000 non-owner occupied property

  • 2 months of recent bank statements

  • Score and background check

  • Detailed budget of total costs

Center Street Lending, a leading direct hard money lender in Southern California recently hit a major milestone: $2 Billion in total originations since the company launched in 2010. This recognizable achievement follows a record-breaking month in July 2021 as the company exceeded a company best at $86.9MM.

Our management team has been involved in the financing of real estate since 1992 and has financed billions of dollars of residential real estate. We offer flexible underwriting and attractively priced loans. If you are a residential real estate investor, we would welcome the opportunity to provide you with a loan for your next investment purchase and to become your preferred lender. Center Street Lending is a private money portfolio lender that provides business-purpose loans for single-family and multi-family investments.

Vision: Help customers prosper and communities flourish.

Mission: Optimize customer success and build trusted partnerships. Provide lending solutions to our residential real estate investors-customers to help them succeed and together rebuild quality residential neighborhoods that we can both be proud of.

Why: We are excited about working with real estate entrepreneurs. Every property purchase and renovation reflect a piece of the American Dream to our clients and the communities they serve. We add value beyond lending by openly sharing our knowledge and resources. We want our customers to have every opportunity for success because when they succeed, communities win.

License

CFL #D60BO57755, CA DRE Lic #01883377, NMLS ID 905781, AZ MBL #0930263, OR Lic #ML-5838, MLD1180

Company Size (Number of Employees)

40

Year Established

2009

Office Locations

Center Street Lending
8301 Von Karman Ave # 330 , Irvine, CA 92612

Primary Capital Source

  • Own Funds
  • Debt Fund We Manage
  • Family Offices
  • Other Private Lending Companies
  • Private Equity Funds
  • Friends & Family

Alternative Capital Sources

  • Own Funds
  • Bank Credit Line
  • Crowdfunding

Loan Structure for Majority of Loans

  • Own Balance Sheet
  • Multiple Investor Fractionalized Note

Alternative Loan Structures

  • One Investor One Loan
  • Table Funding with Capital Partner

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Residential Real Estate Investing

Percentage of Loans Secured by Residential Property

100%

Percentage of Residential Property Loans Which are Fix and Flip

50%

Percentage of Residential Property Loans Which are Buy and Hold

25%

Percentage of Loans Secured by Land

1%

Percentage of Residential Property Loans Which are Ground-Up Construction

20%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

10%

Total Number of Loans Funded to Date

3000

Total Loan Volume Funded to Date

$1,999,999,999

Stephen Couig

CEO

Stephen Couig is CEO of Center Street Lending and Manager of Center Street Lending Management. Center Street has originated over $1.1 billion in loans for over 1,500 borrowers since its founding in January 2010. Prior to founding CSLC and CSLM, Stephen was President of Capital Pacific Holdings’ residential development business with annual revenues of $500MM+. In his 10-year tenure at CPH, Mr. Couig oversaw the acquisition and financing of billions of dollars in residential property. Under his leadership, CPH increased revenues more than 150 percent and profits in excess of 300 percent. CPH was recognized in the industry as a leader in adopting new technologies to improve processes and was voted “One of the 50 Best Companies to Work For” by Professional Builder magazine. Previously to joining CPH, Stephen was Executive Vice President for Scottsdale, AZ – based Troon Golf, a private company majority-owned by Starwood Capital Group and Goldman Sachs. Stephen successfully acquired Troon’s first six courses, transforming the company into an owner/management organization. Before working with Troon Golf, Stephen worked in Morgan Stanley’s Equity Capital Markets Division, where he focused on business development and syndicate management for real estate companies including REITs and hospitality companies. Stephen is a graduate of the MBA program at The Amos Tuck School at Dartmouth College and received a bachelor’s degree from the University of Massachusetts, Amherst. He is a board member of the Southern California Gold Chapter of Young Presidents Organization (YPOG).

License Information
CA DRE Broker Lic. - 01905020

Michael Marshall

CFO

Michael Marshall is the Chief Financial Officer of Center Street Lending. He is responsible for overseeing finance, accounting and secondary markets here at Center Street Lending and helps our customers by facilitating the ease and prompt distribution of funds so that their projects and their businesses can continue smoothly and uninterrupted. Michael brings 20 years of experience in the mortgage, lending and financial services sectors. Prior to Center Street Lending, he was the Chief Financial Officer at FPH Capital Partners, one of Southern California’s fastest growing private equity firms, and was the Chief Financial & Administrative Officer at First Team Real Estate, a leading luxury brokerage firm. He earned his MBA from USC and is a CPA and licensed real estate broker. Michael serves as a board member and treasurer for United Cerebral Palsy of Orange County which provides therapy and a variety of services for children with disabilities and developmental delays. He also coaches little league baseball teams both for his son and daughter and he loves to watch college football.

Jared Reyes

VP of Sales

Jared is the VP of Sales at Center Street Lending and is responsible for leadership and management for the sales team. Jared earned his BA from American University and has over 18 years of sales experience. He has had enormous successes in the finance and mortgage space. Before joining Center Street Lending, Jared worked at Toll Brothers as a Mortgage Training Manager where his main objective was to create, lead and manage the mortgage training department. He was responsible for all development, communication, and development of staff. Jared also executed leadership and coaching for management and sales teams for over 150 locations and 700+ employees. Jared also has expertise as a performance specialist working for Santander Bank.

License Information

Erik Brown

Loan Origination Manager

Erik has worked at Center Street Lending for a number of years in operation, underwriting and sales. At the start of 2018, Erik transitioned over to be a loan origination manager full time. Erik is self-motivated and always strives to exceed his customer’s expectations with each transaction and build trustworthy relationships. As a Loan Origination Manager, Erik listens to his clients to understand their story, goals, and what motivates them to be real estate investors. Erik is very strong at problem solving, decision making and communicating with his clients through every step of the lending process to make it as stress free as possible. He truly values his relationships with his clients.

License Information
CA DRE Lic. - 02004427

Danielle Staudinger

Loan Origination Manager

As a Loan Origination Manager at Center Street Lending, Danielle provides excellent service to her clients by assisting them during the transaction process and by striving to be a valuable partner throughout the entire experience. Danielle comes from a family of flippers and has been involved in every step of the fix and flip process, starting with the hunt for the deal, to picking out the tiles, to negotiating the closing. Before joining the team at Center Street Lending, she worked at REDC and Dreamland Homes & Investments in real estate production. Danielle has also dedicated time to volunteering with Big Brothers & Big Sisters of America. She enjoys engaging with her customers and asking about their projects. Danielle helps her customers through the lending process as they work toward their investment goals. Danielle’s personal experiences allow her to relate with customers and build strong, lasting relationships.

License Information
CA DRE Lic. - 01954948

Robert Newcomer

Loan Origination Manager

As a Loan Origination Manager, Robert supports his clients with throughout the lending process, shares his industry knowledge, and provides quality service. With over 20 years of experience, Robert is a highly creative, solutions driven individual who is always willing to go above and beyond his client’s expectations. Prior to joining the Sales Team at Center Street Lending, Robert worked at Banc of California as a Mortgage Advisor before working at Caliber Home Loans as their Residential Lending Specialist. While there, Robert was responsible for overseeing the entire mortgage process from the application through closing. Robert also worked at Nationstar Mortgage where he was responsible for assisting customers through the lending process. Robert is a licensed real estate agent in the state of California and dedicates himself to volunteering with Big Brothers and Big Sisters of America in his spare time.

Hannah Wollmershauser

Loan Origination Manager

Hannah has been in the real estate investment world for over five years. As a Loan Origination Manager she shares her industry knowledge to help investors find the right financing solutions to see their visions come to life. Before joining the Center Street Lending team, Hannah invested in residential real estate and managed a portfolio of rental properties. Originating from her own personal experience in Real Estate investing she is devoted to making sure that her client’s are taken care of from beginning to end to ensure a successful and efficient loan process. Hannah’s goal is to build a lasting partnership with her clients based upon trust and open communication.

Justin Wollmershauser

Loan Origination Manager

Prior to joining the Center Street Lending team, Justin worked in the commercial real estate space. Justin's family has been in the real estate business for over 40 years, so taking the path of private lending was a no-brainer. He is devoted to bringing his industry knowledge to the table to help his investors make the right decision.

Jeremiah Wiedman

Loan Origination Manager

Completed Transactions

Center Street Lending

Private Loan Funding
Denver, CO
$555,000
Single Family Residence

Refinance

Center Street Lending

Private Loan Funding
Los Gatos, CA
$2,655,000
Single Family Residence

Purchase

Center Street Lending

Private Loan Funding
Huntington Beach, CA
$4,000,000
Single Family Residence

Refinance

"They were quick and efficient right down to every detail. 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.” 

Murrieta, CA

"I want to personally thank each and everyone of you for the hard work, persistence and dedication to get this deal done. We truly appreciate the extra effort! We look forward to doing more business with Center Street Lending in the future.” 

Cape Coral, FL

"Outstanding professionalism. Center Street exemplifies a professional lender.”

Whittier, CA

"Center Street Lending has great programs and structures. I have tried out a number of different lenders and Center Street made the process the easiest.” 

Gilbert, AZ

"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."

Los Angeles, CA

Before You Contact Us

Our Minimum Loan Amount Is

$250,000

What We Do

  • Residential Investment Properties Only
  • Bridge, Fix & Flip, Rental, Construction
  • Up to 85% Loan-to-Cost
  • 15%+ Cash Required for Flip Purchase
  • 650+ Credit Score Required

Not Available

  • NO 100% Financing
  • NO Commercial Properties
  • NO Owner-Occupied Homes
  • NO Junior Liens or Gap Funding

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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