Our most commonly asked questions:

Why do real estate investors use Hard Money Loans?

Real estate investors use Hard Money because they need fast responses and funding to secure a deal. Banks and other traditional lenders generally are not very good at this, which can cause an investor to miss out on a property. Borrowers normally use Easy Street Capital in cases where they do not have the time, credit, or patience to deal with a traditional bank. Real estate investors can also utilize hard money to leverage their funds and complete multiple projects at a time. Hard money is normally much less expensive than teaming up with an equity partner as our costs are fixed for the life of the project.

What are some of the advantages of using Easy Street Capital?

Some of the advantages of borrowing from Easy Street Capital are:

  • The loan application process is much less complicated and time consuming than other lenders.
  • Quick and easy approval and funding. Easy Street Capital will review your application and provide you with a loan quote within 24 hours.
  • No credit checks! No personal financial statements, tax returns, etc. Easy Street Capital underwrites based on the asset only.

What types of transactions will Easy Street Capital lend on?

Easy Street Capital will lend on non-owner occupied investment real estate properties. Some of these transaction types include:

  • SFR (single family residence)
  • Traditional Sales
  • Short Sales
  • Cash Out Re-Fi’s
  • Lots/Land
  • Construction

What are the minimum and maximum loan amounts?

Easy Street Capital targets loans between $80,000 and $2,000,000.

How long are the loan terms?

It depends on the type of loan, but typically 6-24 months.

Are there minimum credit requirements to obtain a loan?

No, Easy Street Capital is an asset-based lender. This means we lend on the value of the asset, rather than the creditworthiness of the borrower. Typically we do not run credit checks and the borrower’s credit score will not be used to deny or approve a loan application with Easy Street Capital.

What are your terms?

We typically offer interest rates of 11.9%-12.9%, with 2-3 points, and a $595 document fee.

What is a point?

A “Point” is a fee on a loan that is incurred at the time of funding. A point is equivalent to 1% of the total loan amount.

How much down payment is required?

This will vary based on the particular loan, but typically the borrower will have to put in a down payment of at least 10%.

What is the maximum LTV (Loan to Value)?

Easy Street Capital determines Loan To Value (LTV) calculations based on our in-house valuation of the property. In most cases the max LTV is 70%.

Do you charge prepayment penalties?

Typically we do not have any prepayment penalties.

How quickly can you close?

Because we always have cash on hand, and have the ability to underwrite all of our loans in-house, we can fund your loan in as little as 3 days if all parties are prepared to close.

Do you require insurance?

Yes. Every property we lend on is required to carry title and hazard insurance.

How can I apply for a loan?

You can apply for a loan by filling out the form on the right, emailing info@easystreetcap.com or calling 512-808-3483.