Center Street Lending

[Hai Le]

Good morning, has anybody had experience using Center Street Lending for loans/DSCR loans?

Just want to do my due diligence before proceeding, has good reviews from google but haven't seen any reviews from people on BP. Any help is appreciated.

[Erik Estrada]

Yes, 

They are alright to work with. There are much better lenders out there with better rates, and terms. 

[Hai Le]

Who would you recommend for DSCR Loans in NY with decent rate and closing costs? Currently looking at 7.875%-8.375% with $5500 in closing costs with tier 1 credit

[Erik Estrada]

Quote from @Hai Le:

Who would you recommend for DSCR Loans in NY with decent rate and closing costs? Currently looking at 7.875%-8.375% with $5500 in closing costs with tier 1 credit

What is the LTV? You can get DSCR in the high 6s depending on LTV, PPP, and Property Type.

Happy to connect and assist. 

[Hai Le]

80% LTV, not familiar with the term PPP, it is a tri-plex. I'll shoot you a message and we can connect!

[Conor Deasy]

Hi @Hai Le from Skytree Investments we can be an option to consider on this. 
We'll need just a few details on the property first before we can give you our specified rate and terms.