Center Street ’ s Strength : GroundUp Construction
One of the programs CSL is most known for is funding groundup construction projects .
Whether it ' s helping newer investors get started in real estate or those already doing several projects a month , Center Street Lending sees themselves as a catalyst for starting and growing real estate investment businesses .
Their construction loans fund nonowner occupied 24 unit builds , townhomes , PUDs , and condos . Flexible terms range from nine to 18 months , with loan amounts up to $ 10 million .
Financing goes up to 80 % LoanTo Cost ( LTC ). The team at Center Street prides themselves on fast , nohassle draws on funds .
Tips for Real Estate Investors
While the market may be strong and moving swiftly , Center Street wants to work with solid borrowers with good projects . In today ' s market , those flipping houses and building new inventory are facing more challenges than ever before . Center Street ’ s loan / project journey , which consists of loan origination , servicing , and fund control gives investors more transparency to navigate through supply chain delays , permit delays , and labor shortages .
To stay ahead , to continue to be successful , and to maintain access to the best funding to scale , CSL recommends :
• Be detailed in costs management
• Build in contingencies for volatility
• Be smart about the project at hand
• Show the work / show the experience
What ’ s Different About Center Street Lending ? Smarter Loans for Residential Investors
Center Street Lending stands out from traditional lending with some more creative loan programs specifically designed for investors , especially those interested in valueadd construction projects .
CSL focuses on relationships with their borrowers as they continue to grow their businesses . The team is built with experienced and knowledgeable members who can communicate with borrowers about their complex needs .
Something that is different than most is that they do everything in house ; that means the ability to underwrite and fund loans in house . Another key bonus is CSL ' s ability to retain the servicing on their loans so that investors continue to have the same point of contact one who cares about the longterm relationship .
For those interested in running their deal scenarios by Center Street Lending , please visit their website for more information CenterStreetLending . com .
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