Easy Street Capital is America’s leading lender for properties utilized as Short Term Rentals (STRs), the fastest growing, most innovative frontier in real estate investing.
We combine the traditional 30-year fixed rate residential mortgage product with flexible and hassle-free underwriting, delivering quick and efficient 30-day closes and non-intrusive documentation requirements (no tax returns, no income verification). Whether the property is a traditional single family residence rented on Airbnb, a luxury condo in a booming metropolitan area, or a professionally managed vacation rental property near a popular resort town - we can lend.
With rates starting at 6.750% our short term rental loans are competitive with all financing options available, perfect for the first-time investor diving in as well as seasoned professionals looking to rapidly expand a robust portfolio.
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FAQs - SHORT TERM RENTAL LOANS
We lend in every state except for Nevada, North Dakota and South Dakota. We will rent in smaller and non-traditional markets within every eligible state.
Yes, properties currently operating under any use are eligible, including vacant properties, someone’s home, or properties already operating as an Airbnb or vacation rental.
A minimum down payment of 20% is required.
Yes, we welcome first-time investors with no restrictions applied.
Yes, we are happy to lend in areas that are dedicated “vacation towns” that have seasonal variations in revenue and when most comparable properties are also vacation rentals (i.e. ski or beach towns).
Our loans have 30-year terms a fixed interest rate throughout, and prepayment protection for five years. There is also a 10-year interest-only option available. Monthly escrows for property taxes and insurance are required.
No, our underwriting and qualification does not evaluate local licensing and regulations while offering these loans.
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.
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.
Yes, in these cases, the Revenue portion of DSCR can be determined by the long-term rental market rent as determined by a third-party appraiser. In certain cases (based on experience and other factors), we can use data projections from reliable sources such as AirDNA.
Our minimum DSCR is generally 0.75x, which means that we will finance loans that are negatively cash-flowing but bought and operated for price appreciation or expected short term rental revenue that exceeds market rent or projections.
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. HOA dues are included in the PITI payments when calculating the DSCR ratio.
Yes, we can lend on properties up to ten units.
Fast and Accurate
The Easy Street Capital team is phenomenal! Fast and accurate. I was always in the loop when it came to my loan. A-1 finance partners in my book. Thank you again.
Wesley J. | Nov 03, 2022
First Class Excellence in Customer Service
Zach Edelman and the team at Easy Street offered first class excellence in customer service, and truly lived up to their name for keeping the process easy and simple. In real estate investment we dread the tasks related to the lending partners and Zach and the team made it a seamless part of the process. A great partner to have!
Gavin B. | Nov 03, 2022
Smooth and Straightforward
Loved working with everyone, everything felt very smooth and straightforward.
Rubi S. | Oct 31, 2022
Simply amazing! Truly saved the day for us when another lender flaked at closing!
Tracy M. | Oct 31, 2022
Deal Saved and Funded in Two Days
The best hard money lender you can find. Almost lost out on a deal and Easy Street was able to fund in 2 days! I just completed my project and can’t wait to use them on the next one!
Justin C. | Oct 05, 2022
Excited to Work with Them Again!
Would highly recommend East Street Capital anytime. In TWO DAYS, they closed a deal of mine that was in limbo for over a month with a different lender. Incredible team and excited to work with them again!
Asa K. | Oct 05, 2022
Easy Street Values Relationships
Gray Cato and Tracey Autry are amazing people - they value the relationships and it shows. They have helped close some very messy deals and have put the needs of my clients above everything else!
Ronny V. | Sep 26, 2022
I wouldn’t go anywhere else to fund my deals.
Juan G. | Sep 21, 2022
Super Fast Responses
Thank you for making the process as easy as possible. Having everything automated is great, and the team is super fast at responses! Looking forward to many more loans in the future, and have recommended Easy Street to all REIs I know.
Tammy J. | Sep 19, 2022
Quick and Fast Service
Quick and fast service. Great customer service too!
Minh P. | Sep 09, 2022
Great People, Great Service
Great people, great service! Easy Street Capital is the best.
Nauj E. | Sep 08, 2022
Great work from a great team that really gets it.
Alex K. | Aug 31, 2022
Fast Close For a New Borrower
You guys are amazing!! The fast close is very much appreciated!
Karmen S. | Aug 19, 2022
These guys are the real deal!
I would give 6 stars if possible. They are not lenders, they are magicians. Joshua and his team tackled my deal to salvage a deal that was almost dead. These guys are the real deal!
Juan A. | Aug 17, 2022
One of the Best Lenders in the Business
You wanna talk about one of the best lenders in the business!! Easy Street Capital is definitely in that category. My agent was Zach Edelman, and he went above and beyond on helping me with my Investment Refi. Extremely competitive rates, even as the FED raised rates during our closing. Great lender all around.
Jermaine A. | Aug 09, 2022
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.