EasyRent

EasyRent is our tailored and industry-leading DSCR Loan solution for cash flowing investment properties whether you are buying to add to your portfolio or cashing out your capital in a refinance, we have a loan for you. We are also a leader in short term rentals – properties used for AirBNBs, VRBO or vacation homes – we have flexible and ultra-competitive terms to get deals done. Our DSCR Lending Program has solutions for anyone – from first-time investors dipping to industry veterans looking to rapidly expand their portfolios – we are confident we can find you a great loan in a quick, efficient and easy process.

Program Terms

  1. Loan Amounts: $100K - $3.5M (Blanket Portfolio Loans up to $5M)
  2. Rates: Starting at 5.99%
  3. Geography: Nationwide (except Nevada, North Dakota, South Dakota)
  4. Property Types: Residential, Short-Term Rental, Vacation Rental up to 10 units
  5. Occupancy: Long-Term, Medium-Term, or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs
  6. Loan Structure: 30-Year Fixed Rate Mortgage Loans, Flexible Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed
  7. LTVs: Up to 80% (Acquisitions/Rate-Term Refinances), 75% (Cash-Out Refinances)
  8. DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application)
  9. DSCR: 0.75x minimum
  10. Credit Score: 660 minimum
  11. Fees & Deposits: 0-3% Closing Fee, $1,000 Underwriting Fee, $1,500 Pass-Through Deposit (covering third-party loan costs)

Rental Loans Resources

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DSCR Loans Guide 2024: Everything you need to know about DSCR Loans!

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DSCR Loans Glossary – Terms to Know when working with Rental Property Loans

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Airbnb Loans: What Are the Options and How Do DSCR Loans Stack Up?

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Why Easy Street Capital

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Speed and Efficiency

EasyRent is the ideal solution for investors that want to move fast and get deals done quickly (30-day closing windows) and without the delays and red tape typical with banks and other lenders. Drawing on our years of experience with Fix and Flips, we are used to delivering for investors on timelines measured in days and hours – not weeks and months. Our process is quick and hassle-free, and allows you to get your deals done and pre-approved within hours of application.

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Light Documentation

Our process allows investors to avoid the mountains of endless paperwork and intrusive document-gathering common with our competitors. We do not require tax returns or income verification, ask for years of bank statements, or many of the other typical requests from other lenders. We have a quick and straightforward needs list that can be knocked out fast – allowing investors to focus on their properties and expanding their portfolio rather than the hassle of tracking down and providing infinite documents and files.

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Walk The Walk

We are a lending shop that understands your needs and challenges better than anyone else. Why? We are investors and operators ourselves and appreciate and recognize your definition of success. Our founding partners have acquired, renovated and sold thousands of properties and continue to invest and operate real estate today, including short term rental units operated at our headquarters in Austin. We don’t just lend, we are a partner with expert-level knowledge and experience that can advise and assist on your investing journey every step of the way.

Rental Loans FAQs

FREQUENTLY ASKED QUESTIONS

The EasyRent rental loans are classified as DSCR Loans, which are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.

We offer rental loans in every state except North Dakota, South Dakota and Nevada.

The DSCR Ratio, not to be confused with “DSCR Loans,” is the “Debt Service Coverage Ratio.” It measures the annual cash flow of a rental property in a ratio of rental income divided by expenses.

We calculate DSCR by taking monthly Projected Income (Rent or STR income) divided by your monthly payment – PITIA (principal, interest, tax escrow, insurance escrow and any HOA dues). No expenses besides taxes, insurance or HOA dues are considered in underwriting or qualification.

Our rental loans require a minimum DSCR of 0.75x.

Loans on Rental Properties generally range from 6.99% to 9.99% as of 2024.

Yes, these are DSCR Loans that are primarily based on the rental income and DSCR of the property, however, borrower credit score and liquid asset reserves also count.

Easy Street Capital offers rental loans with interest rates as low as 5.99%, and the rate offered will depend primarily on three factors; your credit score, the DSCR ratio and the LTV ratio. Additional factors include also determine the rate include loan structure, prepayment penalty terms and loan purpose, more advanced analysis of how to get the lowest rate are included in this article. In addition, borrowers can pay more “points” or higher closing fees to lower or “buy down” the interest rate on a rental property loan.

Our rental loans require a minimum qualifying credit score of 660.

While rental loans are limited to borrowers with a minimum credit score of 660, we have flexibility to offer loans to people borrowing with partners within an LLC and providing rental loans for people even with recent mortgage late payments, foreclosures and even bankruptcies.

Yes, Easy Street Capital’s will finance rural properties through the EasyRent rental loan program. LTVs for loans secured by rural properties have a maximum of 65%.

Our rental loans require a minimum down payment of 20% for rental loans for purchases of rental properties.

Our rental loans require a minimum loan amount of $100,000. Portfolio, or “Blanket” rental loans have a minimum loan amount of $225,000 and must have three or more properties in the portfolio.

Our rental loans have a maximum loan amount of $3,500,000. Portfolio, or “Blanket” rental loans have a maximum loan amount of $5,000,000.

Our rental loans have a maximum LTV of 80.0% if the loan purpose is an acquisition or a rate-term refinance and a maximum LTV of 75.0% if the loan purpose is a cash-out refinance.

Yes, we lend on properties up to 10 units for the EasyRent loan program.

No, Easy Street Capital’s rental property loans are strictly for business-purpose, and occupying the property is strictly prohibited.

A cash-out refinance in real estate finance is a refinance mortgage loan (either on a rental property owned free and clear with no debt or in conjunction with paying off the old mortgage) in which the borrower receives greater than $2,000 in proceeds. Proceeds are generally determined by subtracting the payoff loan amount, closing costs and any escrows from the new loan amount.

A rate-term refinance in real estate finance is a refinance rental loan in which the borrower receives less than $2,000 in proceeds at closing or has to bring additional funds to cover payoffs, closing costs and escrows.

Easy Street Capital does not utilize DTI for qualification for rental loans! There is no income verification or tax return requirement for qualification for a rental loan with Easy Street Capital.

Yes, EasyRent loans are first-time investor friendly, and we do not have any restrictions or limits on loan offerings to first time investors. We are dedicated to helping real estate investors start the journey to financial freedom and love to help people get started!

Yes, generally most of our rental loans have thirty year terms and have an interest rate fixed for the entire term. However, we do offer some borrowers Hybrid ARM (adjustable rate mortgage) options, in which the interest rate is fixed for the first five years of the term, and then floats based on several loan provisions for the final 25 years of the term.

We offer a “Partial” interest-only option where only interest payments (no principal paydown) is required for the first 10 years of the term, and then the loan amortizes on a 20-year schedule for the final 20 years of the term.

The DSCR is calculated on the interest-only payment that will be in effect for the first 10 years of the loan term.

Not necessarily, most rental loans from Easy Street Capital have fees associated with paying off the rental property loan early, typically in a “5/4/3/2/1” structure. This means that if prepaid in the first year, there will be a prepayment penalty of 5% of the remaining loan balance, with a 4% fee if prepaid in the second year, 3% if prepaid in the third year, etc. There would be no fees associated with prepaying the rental loan with this structure for the last 25 years of the loan. However, EasyRent is a flexible loan program that can be tailored to our borrower’s strategy and needs. Our rental loans can have reduced prepayment penalties, such as a “3/2/1” or “2/1” structure, no prepayment penalties at all or even higher prepayment penalty structure, such as a 5% fee if prepaid during the first five years of the term. Generally, the higher and longer the prepayment penalty is in effect, the lower interest rate you will have.

A “blanket” rental loan is the term used for having one loan secured by multiple properties. Also sometimes called a “portfolio” loan, it is usually preferred by investors seeking to simplify their portfolio management, preferring having one loan to make payments for and track rather than many individual loans.

Yes, EasyRent offers blanket portfolio loans for real estate investors. Qualification and the documentation process is similar to a rental property loan for a single property, however all the properties secured under the blanket loan must be in the same state.

Properties for Rental Loans need to have a third-party appraised value of at least $125,000 to be eligible under the EasyRent rental loan program. However, for portfolio, or “blanket” rental loans, the minimum property value can be as low as $75,000.

Yes – vacant properties are fully eligible for rental loans from Easy Street Capital. We will use the market rent (as determined by the appraisal) to project cash flows for the property. Additionally, if planned to utilize the property as a short term or vacation rental, we can utilize projects from industry data providers to qualify the loan.

Rental Loans from Easy Street Capital require limited documentation (although shouldn’t be considered “no doc” loans!). Documentation requirements include an application, authorization to pull credit, two months of bank statements for liquid asset reserves, property and flood insurance (if applicable), leases or short term rental operating history (if applicable), entity documents (if borrowing through a business entity), and documented renovation information (if doing a BRRRR Method refinance).

Yes – in fact we recommend borrowing through an LLC (however borrowing as an individual is OK in most states). We require a full guaranty for anyone who has more than 25% of ownership of the entity and allow up to four separate guarantors on each loan.

No – we are a flexible lender that can work with borrowers with blemished credit history. Our median FICO minimum is 660, which allows the vast majority of potential borrowers to qualify with us. We have a limit of one bankruptcy, foreclosure or short sale within the past seven years and require that all delinquencies on the credit report be cured prior to closing our loans. You may have to pay a moderately higher rate, but we should be able to find a loan for every investor, even with credit flaws.

Yes, we lend on condos with loans consistent with our standard structure and rates. There are some limits on LTV and DSCR based on the characteristics of the condo structure, but are welcomed by Easy Street Capital.

Yes, our rental loans can finance all sorts of investment property strategies, including long-term rentals, medium-term rentals and vacation rentals. Not only are vacation rentals eligible, but Easy Street Capital is a leader in financing vacation or short term rental loans with qualifying rental income from sources such as AirDNA and full eligibility in seasonal vacation markets. Check out our free STR Revenue Estimator Tool here!

“Reserves” in the context of rental Loans refer to liquid assets held by the borrower at closing of the loan. This can be cash held in a bank account, or even stocks, bonds and assets held in retirement accounts (although these assets will have their value “haircut” or reduced by 10-20% for counting reserves. For the EasyRent loan program, we generally require 3-9 months of PITIA payments for liquid asset reserves to be documented.

We offer loans to non-US citizens if the borrower is a documented permanent or non-permanent resident alien. We will also lend to foreign nationals residing outside of the United States if the borrowing entity is an LLC and 50% or more of the ownership is held by a US Citizen or green card holder.

Rental Property Loans under the EasyRent loan program are intended for “turnkey” properties only, meaning little to no renovations are needed. To finance an investment property that needs renovations, such as for a fix and flip or BRRRR Method project, refer to our EasyFix hard money loan program!

No, EasyRent rental loans prohibit any subordinate or second-lien financing.

Trustworthy and Great Services

I’ve worked with Amanda at Easy Street for a few years now. They’ve always been very competitive with rates, love their draw process and service is great. In a lending world where things change often, you need someone you can trust to deliver.

Robert W. | Apr 05, 2024

Fast and Reliable

I’ve used Easy Street on several deals as a broker myself. They have definitely been the fastest and most reliable hard money lender that I’ve come across. Dustin and the team always make sure that my clients and I are taken care of, even after closing.

Noah H. | Mar 15, 2024

Smooth and Easy Closings

I worked with Zach to secure a property and it was the easiest closing ever. Zach is the Michael Jordan of STR lending - he is the G.O.A.T. I will never work with another company besides easy street! They are the best!! Such a quick, smooth process. Highly recommend for any real estate investor!

Anish B. | Mar 05, 2024

Efficient and Transparent

Zach Edelman at East Street Capital was instrumental in our successful short-term rental investment purchase. His deep understanding of investment strategies and market nuances, combined with exceptional communication, made the process efficient and transparent. Zach's professionalism and dedication to client success make him an outstanding choice for any real estate investor! I’m planning to use Zach and Easy Streer Capital for future purchases and refinances. Thanks again team!⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️

K.T | Jan 05, 2024

Saved the Day!

My team and I recently had the pleasure of Zach Edelman from Easy Street Capital, and he and his team, Amanda Werth in particular were excellent. We used their DSCR loan program for an investment/ rental home and we turned to Zach after we spent nearly two months with another lender rep that simply promised and did not even know his own guidelines. But, Zach and Amanda saved the day, not only did Zach pull it off in record time, but he got us even better terms than we thought we could get prior. Zach and Amanda and their team were great to work with: they were very responsive, informative, friendly, and best of all they got it done. Thank you from the whole crew of mine... we will be back to do more business with this team for sure.

Derek P. | Dec 05, 2023

Top-Notch!

Had the pleasure of meeting the team at Easy Street Capital today and I must say, the experience was top-notch! Their professionalism and dedication shone through in our interaction. I'm genuinely excited about the possibilities and look forward to collaborating more with them in the future. Highly recommend!

Kameron Beckum | Nov 09, 2023

Great Communication

I had a very great experience working with Easy Street Capital. My loan officer Zachary and the Credit Analyst Abby worked diligently to get 3 loans done. There was always communication and updates which I really valued. Getting 3 loans done was a tough one but not for them. I appreciate both of them and can’t say enough about them. Highly recommended! Again, thank you.

Greg G. | Nov 05, 2023

A Breeze!

Working with Zach and team at EZ Street Capital was a breeze. They stayed on top of things and were very, very responsive. I plan to work with them again.

Edward C. | Oct 02, 2023

Responsive and Professional

I am SO glad I found Easy Street capital to help fund my first deal. I would highly recommend working with Amanda Hart. She was so responsive to my questions, professional and helped ease my "first time" jitters. The process was so much easier than I thought it would be. Thank you to Easy Street and their team of experts!

Lisa R. | Sep 28, 2023

There every step of the way!

Jarell was a great help every step of the way. He was very responsive anytime I reached out and to provide updates. I really felt like Jarell was doing everything in my best interest. I will use him for many more loans to come.
1

Anthony | Sep 26, 2023

Fast and Easy

This entire processes was so fast and easy. They turned the entire file around in less than a week and we were funded and closed with minimal prior to fund requirements. Jarell was very responsive as was the entire processing team. I will use them on all my investments!

Colleen Jacobsen | Sep 19, 2023

Around the Clock Service!

I have been working with Amanda Hart and I can't say enough about how wonderful she is. She was so helpful and answered any questions I had no matter what time of day. I would highly recommend!!!!

Kip R. | Sep 17, 2023

Easiest Draw Process!

It has been a pleasure working with Easy Street, not only do they make the entire process super easy, they are extremely quick with anything I have needed. They close super quick and have the easiest draw process for construction. Highly recommend Easy Street Capital. Amanda Hart who always helps me has great communication skills and has been there for anything I need. So thankful for Easy Street Capital, they have made my fix and flip loans extremely easy to work with and have made it one less thing to worry about in my Real Estate Career. Thank you once again Easy Street Capital!

Daniel V. | Sep 15, 2023

Great to Worth With!

They are really the truth!! Funded in 48hrs!!! Jarell and Samantha were great to work with!! Definitely would recommend

Emmanuel M. | Sep 10, 2023

Nothing but Great!

Great company to work with for hard money loans. I have two loans with them and have had nothing but a great experience. I recommend.

Monica A. | Sep 09, 2023

Communicative and Patient

Very easy and fast to work with. Stephen helped me throughout the process and was very communicative and patient with all my questions.

Akshay G. | Sep 09, 2023

Exactly what I Needed!

Amanda was super easy to work with and was able to do exactly what I needed. The rates were also very reasonable compared to other lenders I talked with. I am looking forward to doing my next project with Easy Street!

Jerry D. | Sep 08, 2023

Straightforward and Simple

Easy Street closed my deal in very short time after I fired the other lender for giving me the run around. The draw process was very straightforward and simple. Given this current high interest rate climate, they were easy to work with until I decided I found reasonable long term funding. I would use them again if I get stuck and need someone to close quickly. Amanda Hart is super fast!

Lorri W. | Sep 07, 2023

Responsive, Informative, Friendly

I worked with Zach Edelman from Easy Street Capital, and he and his team were simply excellent. I was looking to refinance my short term rental property and was working with another lender that simply could not provide what I needed. I turned to Zach 3 weeks before my loan was due. Not only did Zach pull it off in record time, but he got us even better terms than we thought we could get. Zach and his team were great to work with: they were responsive, quick, informative, friendly, and best of all they got it done. Thank you!

Andrew L. | Sep 07, 2023

A Rare Find

Behind every great company and service provider are the people who provide that service. Easy Street Capital is a wonderful example of this in todays competitive market. My representative is Amanda Hart and she is someone who works for you and does so with a drive and purpose that it makes you feel like she’s just as invested as we are in our success and that is a rare rare find today. I wish you the best of luck in your future deals which simply means that I hope you are lucky enough to work with Amanda to fund them all.

Demian P. | Sep 01, 2023

Extremely Responsive

Zach & Eli at Easy Street assisted with 2 purchases for me recently and were extremely responsive, very helpful in figuring out loan options to get me in the best financial positions for my goals right now, and great at navigating appraisal issues (which I expected - I am pretty well versed in real estate transactions and knew there would be an appraisal issue here, it was not anything that resulted from Easy Street's handling of the loan!) And did I mention extremely responsive?? Never had to wait to hear back from them when I had a question or requested an update!

Ashley D. | Aug 19, 2023

Honest and Fast

Perfect service. Honesty and fast!

Albeiro I. | Aug 16, 2023

You Won’t be Disappointed!

My partners found Easy Street Capital on the bigger pockets forum and I cannot express how great this lender is. Zach, my loan officer is VERY responsive, fast, and honest. They've made the process so easy compared to other lenders I've dealt with from the past. They have great rates & low minimum which really helps us in the area we are investing. Jill who does the back office work was awesome to work with as well. She answered all of my questions and assured me everything was going well. Definitely choose Easy Street Capital for you next loan/investment funding. I promise you will not be disappointed!!!

Milwaukee L. | Aug 15, 2023

My Lender of Choice!

Let me praise Stephen King. I had another lender promise a ten to day close and then extended to 20 days the day before closing. I knew who I had to call. Stephen took my call late this past Thursday, me out and didn't bat an eye. I gave his team heard everything they needed and they closed bridge in less than a 24 hours. You guys are my lender of choice now, no question. Stephen deserves acclaimation. This client was also my largest referral source and was his this personal deal Thank you for making me look like a hero!

Matthew B. | Aug 08, 2023

Smoothest Experience

Out of my 5 years in real investing my most recent transaction with Stephen King at Easy Street has been by far the smoothest experience. They were able to close my deal in 5 days, high level of professionalism and communication. Would recommend to anyone.

Horace H. | Aug 08, 2023

Offering Guidance

I can honestly say that Easy Street Capital was a delight to work with!! Everyone was so kind and helpful while going through the process of my hard money loan. I was surprised by how “easy” they were to work with as a newbie and even with unforeseen delays they were patient and cooperated in a professional manner. Amanda Hart was my initial contact and she is amaZing to work with!! She was my initial draw to the company and why I decided to move forward on my loan. I had and have immense confidence in this woman to guide and direct me as she would do her very own family member. I highly HIGHLY recommend her and this company for your hard money needs!!!! Find out how for yourself how “easy” Easy Street can be! Contact Amanda Hart!

Nina J. | Aug 05, 2023

Go-To Lender

I wouldn’t go anywhere else to fund my deals.

Juan G. | Sep 21, 2022

An Outstanding Job!

I used Zach Edelman to refinance my hard money loan into a short-term rental mortgage. He and his team did an outstanding job 👏 it was quick, easy and at good rates. Highly recommend for anyone looking to do so.

Austin C. | Aug 08, 2022

EasyRent Recent Fundings

Easy Street Capital has a proven track record of successfully funding single rental properties and portfolios for our borrowers.

Single-Family Residence

Largo, FL

Loan Amount / $422,800
Rate / 7.875%

Purpose / Rate-Term Refinance
LTV / 80.0%

$422,800 Florida DSCR Rental Loan for a Rate-Term Refinance of a rental property in Largo. This short-term rental is approximately two and a half miles from Belleair Shore and four miles from Indian Rocks Beach.

Single-Family Residence

Emerald Isle, NC

Loan Amount / $1,193,000
Rate / 7.750%

Purpose / Acquisition
LTV / 66.6%

$1,193,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Emerald Isle. This brand-new three-story oceanfront short-term rental property boasts seven bedrooms, four and a half bathrooms, two garages, over 1,000 square feet of covered decks and porches, an in-ground pool, and breathtaking views of the Atlantic Ocean.

Single-Family Residence

Wilmington, NC

Loan Amount / $496,000
Rate / 7.375%

Purpose / Acquisition
LTV / 80.0%

$496,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Wilmington. Sitting mere miles from the coast line, this property is situated perfectly amidst the area’s retail amenities, airport and beaches.

Apply Today

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