The Center Street Lending Difference

How have we grown to be one of the largest lenders for residential investors?

Simple, we’re highly specialized in what we do and strive to provide superior customer service to our residential investor customers.

The Center Street Lending team has financed over $500 million dollars of investment properties for residential investors from coast to coast. Offering attractive loan programs, rapid funding, and exceptional customer service, Center Street Lending has become the preferred lender for hundreds of investors who rehab and resell properties across the United States. We are a BBB accredited business and currently offer loan programs in AZ, CA, CO, FL, MD, NC, OR*, TX, UT, VA and WA.

Our team of seasoned professionals focuses on the unique needs of each of our customers with the goal to exceed expectations.

Traditional Private Lending (Also known as “Hard Money” Lending)

A “hard money” loan is a specific type of financing in which a borrower receives funds based on the value of a specific parcel of real estate or collateral. Hard money loans are typically issued at much higher interest rates than conventional residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrower. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and not yet qualifying for traditional financing. Hard money often refers to not only an asset-based loan with a high interest rate, but can signify a distressed financial situation such as arrears on the existing mortgage or bankruptcy and foreclosure proceedings are occurring.

We provide first lien short-term financing within 24 hours for residential real estate investors purchasing properties at discounted prices through trustee sales, pre-foreclosures, short sales, bank REO’s, or just about any other kind of discounted sale.

Loan Closing Requirements

  • Down payment
  • Payment of loan points
  • First month’s interest (non-refundable if loan is paid within first 30 days)
  • During the term of the loan, borrowers are required to make monthly payments of interest only, in advance, according to the terms and conditions of their Promissory Notes.

Loan Payoffs

  • Borrowers can prepay their loan, in full, at any time, without penalty*. Partial loan payments are not accepted. Interest is prorated for loan payoffs received mid-month and any prepaid interest is credited to the borrower.


Fix/Flip Program — If you’re fast at buying, fixing and flipping then this loan program is for you! This program is designed to finance fix/flip projects on residential investment properties through various sales channels such as trustee auctions, short sales and lender REO properties. This program specializes in loans under $1,000,000 and is for single family residential properties up to four units.

Loan Overview

  • Interest rates as low as 9.0% (10.1% APR)
  • Quick close- typically within 24 hours of required documentation being completed
  • 6–9 month duration with no pre-payment penalties*
  • $50,000 — $1M loan value — special case by case for loans over 1M
  • Up to 80% of total cost including rehab/construction costs
  • No higher than 65% ARV
  • 1st Trust Deed
  • All loans personally guaranteed
  • All properties non-owner occupied
  • No extra costs or junk fees
  • Current Markets Available: CA, AZ, WA, UT, TX, CO, VA, MD, NC & FL

If this is the loan for you, contact Center Street Lending now for the Fix/Flip Program application to get started.

Our Team

Stephen Couig

Mr. Stephen Couig is CEO of Center Street Lending Management and Center Street Capital, an advisory and investment firm focused primarily on the real estate industry. Prior to founding the Center Street Companies, Mr. Couig 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. Prior to joining CPH, Mr. Couig was Executive Vice President for Scottsdale, AZ — based Troon Golf, a private company majority-owned by Starwood Capital Group and Goldman Sachs. Mr. Couig successfully acquired Troon’s first six courses, transforming the company into an owner/management organization.

David A. Frosh

Mr. Frosh serves as a Member of the Board of Directors for Center Street Lending. From 2001 through 2007, Mr. Frosh served as President of Sperry Van Ness, one of the nation’s largest real estate investments brokerage firms. Under his leadership, Sperry Van Ness grew from nine markets and 100 agents to 165 markets in 36 states. He is also Managing Director of Whiskey Hill Partners, a private equity firm.

Mr. Frosh served as President of CAM Commerce Solutions, formerly a NASDAQ-listed software development company that is focused on point-of-sale, inventory control and credit card processing based in Fountain Valley, Calif. The company was sold in August, 2008 for $187 million. Prior to CAM Commerce, Mr. Frosh served as regional vice president for Automatic Data Processing (ADP), based in New Jersey.

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