You will submit your draw request form with all supporting documents such as invoices and/or receipts to draws@easystreetcap.com.
Easy Street Capital will send a third party inspector to the property to document the improvements that have been noted on the draw request form.
If we are given all of the information we need upfront, we can quickly order the inspection and have your money to you within 3 - 5 business days after you send us your draw request.
You are allowed to take as many draws as necessary but we would like to remind you there is a draw fee for each one to cover inspection costs.
The draw request form is part of the scope of work completed prior to closing. Additional supporting documents can be found here: https://hubs.ly/H0pt5b10
1. Filled out and signed copy of the Conditional Waiver and Release on Progress Payment. 2. Filled out Scope of Work and Draw Request Form for the items being requested in this draw. Please provide lockbox code or access instructions as well. 3. Receipts and invoices for the items being requested in the draw that equals or exceeds the draw amount being requested.
Easy Street Capital provides loans for residential (single-family and multi-family) investors and developers. Easy Street Capital underwrites, closes, and services all loans in-house. This allows for the most efficient loan process in the industry and a significant timing advantage for our borrowers. As a direct lender we have full discretion and can provide custom loan structures to meet the needs of any project in Austin, Dallas, Houston, San Antonio, California, Colorado, and Tennessee. At Easy Street we take great pride in being highly transparent, responsive, and funding every loan per the terms agreed upon.
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Easy Street Capital is a DBA licensed with California Department of Real Estate, BRE#: 02090209 and Easy Street Capital CA, LLC is licensed with the California Department of Financial Protection and Innovation, CFL#: 60DBO-97686.