Center Street Lending, one of the largest private money lenders to the residential investor community, has been expanding into the Virginia, Maryland, and Washington markets since September 2015. So far, expansion has been a success.
The expansion has secured Center Street as a leading private lender who offer flexible, fast-close loan products in each market and help with a variety of roles in real estate investment and fix and flip projects.
Center Street Lending has seen great success in these states since their advancement in 2014. Read the original announcement in PRNewsWire in September 2015.
Center Street Lending’s portfolio of loans including fix/flip loans, construction loans and rental property loans are now available in nine top residential investor states including: California, Arizona, Colorado, Florida, Maryland, North Carolina, Texas, Virginia and Washington.
RealtyTrac says that Virgina, Maryland, and Washington, where Center Street Lending now service, have a strong gross profit history in residential fix/flip investments. The average gross profit margins for residential fix/flip investments nationwide is about 25 percent, Virginia, Maryland, and Washington data showed gross profit margins of: 39 percent, 55 percent and 43 percent, respectively in 2014.*
Center Street Lending has provided timely funding at low rates for more than $400 million in loans. The company’s flexible underwriting, available next-day funding and no hidden fees helps investors to move quickly on real estate opportunities as well as maximize their investment prospects.
“Center Street Lending is committed to becoming the preferred choice for premier residential investors who seek a reliable and efficient lender”, said Brandon Hammermeister, Vice President, Center Street Lending. “The expansion into these three new markets — Virginia, Maryland and Washington — will enable Center Street to meet the demand for flexible, fast and competitive financing solutions for real estate investors and property flippers.”
For more information about Center Street Lending, visit www.CenterStreetLending.com, call 800.208.2982 or email firstname.lastname@example.org.
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 additional information visit: www.centerstreetlending.com.