EasyRent is our tailored and industry-leading 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. We have 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.
- Loan Amounts: $100K - $3M (Blanket Portfolio Loans up to $5M)
- Rates: 5.99% to 7.99%
- Geography: Nationwide (except North and South Dakota)
- Property Types: Residential, Short-Term Rental / Vacation Rental, Mixed Use (commercial/residential, up to 3 commercial units)
- Occupancy: Long-Term or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs
- Loan Structure: 30-Year Fixed Rate Mortgage Loans, 5-Year Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed
- LTVs: Up to 80% (Acquisitions/Rate-Term Refi), 75% (Cash-Out)
- DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application)
- DSCR: 0.75x minimum
- Credit Score: 620 minimum
- Fees & Deposits: 1-3% Closing Fee, Pass-Through Deposits $3,000 (1-4 Units) / $6,000 (Multifamily/Mixed Use)
Why Easy Street Capital
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.
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.
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.
You can put as little as 20% down and get a loan up to 80% of the price of the property. For multifamily properties (5-8 units) or mixed-use properties with commercial units, minimum cash down is 25%.
Yes – this is fully eligible for residential properties up to four units. 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.
Yes, with no restrictions! We offer all of our programs to first-time investors and love to help people build their portfolio throughout their investing journey.
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 do not use tax returns of income verification for qualification. We do not utilize a DTI (“Debt to Income”) ratio at all in our underwriting process.
Yes – we offer portfolio “blanket” loans with very similar terms to our normal parameters. We can lend on up to 20 properties in a single loan, and require a minimum DSCR of 1.20x and that the properties are all located in the same state.
No – we are a flexible lender that can work with borrowers with blemished credit history. Our median FICO minimum is 620, 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.
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.
No – EasyRent is different than most lenders in that we will not take into account non-tax, insurance or HOA expenses so any other costs such as utilities, repairs & maintenance, management fees, cleaning fees or others will not be considered, even if the property has commercial units. This allows investors, particularly investors in 5-8 unit multifamily and mixed use properties, to qualify much easier and get access to low-rate 30-year fixed loans with EasyRent – a gamechanging product.
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.
Smooth and Pleasant Process
Very responsive and helpful staff. Quick turnaround time, and an overall smooth and pleasant process.
Herbert B. | Jun 16, 2022
Good Experience, Fast Closing
I have had a good experience with Easy Street Capital. I was able to close my deal quickly with very timely underwriting. The company should be able to close very quickly if you need a quick close. The rehab draws I requested were reviewed and issued very quicky also (basically next day on one). The communication and all processes of the loan have been simple throughout my time working with them.
Ross C. | Jun 08, 2022
Top Notch Service
Easy Street has funded our company on numerous occasions without any issues. Their rates are competitive but their level of service is top notch! They are our preferred hard money lender. I highly recommend working with Casey and the team at Easy Street.
Jace G. | Jun 08, 2022
Fantastic company, top-notch leadership and great customer service. Highly recommend Easy Street Capital.
Andrew N. | Jun 08, 2022
Less Red Tape
Easy Street is great for investors needing to close fast at competitive hard money rates. They have much less red tape to approve and the numbers make sense. This really made it possible for us to move fast and get the deal done.
Mirelle L. | Apr 19, 2022
Best in the Business
In a market that is full of hard money lenders, we made the best choice in using Easy Street. Closed my deal on time and they didn’t ask me to bring my “first born”. It was easy and it allowed me to start my business and keep more of my profit!!! Easy Street is the best in the business! Straight forward & easy!!
Mike N. | Apr 19, 2022
Easy Street was flexible enough to work around some extension issues due to some unseen hurdles in my house flip. Eternally grateful to Easy Street for making things as smooth as possible. Would definitely recommend them to anyone getting started in house flipping.
Angel C. | Apr 19, 2022
Easy to Work With
Easy Street has been very easy to work with. We appreciate the communication and quick responses. They really do understand that time is of the essence in real estate. The entire process was a breeze and we look forward to continue working with them!
Christopher D. | Apr 19, 2022
Saved the Day
Well done! When my initial lender asked for an extension 3 days before closing the Easy Street team stepped in and saved the day! I appreciate their ability to close quickly and get the deal done.
Brandon R. | Apr 19, 2022
Perfect for Flippers
Easy, efficient, and perfect for flippers! We love doing business with the company and are completing our third flip in 9 months! Thank you! Thank you! Looking forward to doing business on the next one.
Catherine C. | Apr 19, 2022
I have had a good experience with Easy Street Capital. I was able to close my deal quickly with very timely underwriting. The company should be able to close very quickly if you need a quick close. The rehab draws I requested were reviewed and issued quickly as well (basically next day or two). The communication and all processes of the loan have been simple throughout my time working with them.
Ross C. | Apr 19, 2022
I was able to obtain a loan from Easy Street to invest in purchasing a house in TX for fixing up & flipping. Easy Street is one of the best lenders I have dealt with and they are genuinely interested in assisting the investor to be successful with whatever your project is. I would highly recommend them to anyone who needs funds for investment in real estate.
Judson G. | Apr 19, 2022
Trustworthy and Honest
This was my first hard money loan, and Easy Street was the only place with a loan that met my needs. Easy Street worked quickly to put the deal together. Everything was as it was said it would be; I paid the agreed upon fees and interest and there were no surprises save a document fee at payoff. In a world where people are trying to scam you right and left, I was pleased and relieved that Easy Street was trustworthy and honest.
Michael H. | Apr 19, 2022
EasyRent Recent Fundings
Easy Street Capital has a proven track record of successfully funding single rental properties and portfolios for our borrowers.
Take the next step in your investment journey with a trusted, reliable lender that has your best interest in mind. Get in touch or request a quote today.