Center Street Expands Rental-Investment Loan Products

Center Street Lending in Irvine, Calif., has expanded into new lending products to help investors in the rental real estate market.

Center Street has expanded its asset-based, short-term loan programs, to focus on income-producing homes that investors want to finance and hold for between three and five years, according to a Monday news release. Center Street said it can typically close a loan within a week.

Center Street also said that it has expanded its loan products to new states. The company did not identify which new states it's now serving.

Demographic data indicates that the residential real estate market is shifting to rental properties, Center Street said.

"Center Street closely monitors the real estate market and has developed products and strategies to help our clients move quickly when properties become available to maximize their rental portfolio returns and invest in growing markets," Brandon Hammermeister, vice president, said in the release.

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Originations REO Real estate
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