Direct Lender for Residential Investors

Bridge | Fix & Flip | 30-Year Rental | Ground-Up Construction

Easy Street Capital is 100% committed to earning the borrower’s trust and confidence. We underwrite your deal within 24 hours and the terms that we issue are the same terms we fund. We can fund in 2 days, and will consider waiving appraisals. We’re based in California and Texas with boots on the ground in each metro area. We have firsthand local knowledge to help add value to your project.

Please Note: We do not offer loans for land, commercial properties or owner-occupied homes.

Property Geographic Area Details
Non-rural areas in Texas, California, Denver, Nashville
Loan Amounts
$50,000 to $5,000,000
Interest Rates
8.75% to 13.50%
Loan Terms
6 months to 12 months
Origination Fees
1.5% to 3%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial

Property Types

  • 2-4 Units Residential
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Long-Term Rental

Specialty Loan Types

  • Residential Long-Term Rental
Max LTC is 90%, market dependent. Max ARV LTV is 70%. Down payment for the purchase will be from borrower, and that can include a member of the LLC. Cross collateralizing assets to cover the down payment is acceptable on a case by case basis.

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Subject Property
  • Equity in Another Investment Property
Borrower should have some direct investing experience, but can include trades such as real estate agents or general contractors. Exceptions on case by case basis.

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

70.00%
Borrower needs to be able to show experience of at least 1 completed ground up construction project. Need permits in place prior to issuing first draw for construction costs.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

75%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes
Easy Street Capital offers non-QM Debt Service Coverage Ratio (DSCR) loans. Rates and terms are fluid based on market conditions.

Minimum Loan Amount

$150,000

Maximum Loan Amount

$2,000,000

Minimum Interest Rate

6.5%

Maximum Interest Rate

8.75%

Minimum Origination Fee

1.5%

Maximum Origination Fee

3%

Minimum Loan Term

36 months

Maximum Loan Term

360 months

Seasoning Time

6 months

Minimum Debt Service Coverage Ratio

1.15

Will Lend on a Portfolio of Rentals

No

Minimum Property Value

$200,000

Processing Fee

A set $1,495 document and processing fee covers all lender underwriting and closing costs.

Minimum Origination Fee Amount

$2,000

Details and Requirements

Fastest Closing Time (Days)

2

Payment Structure
  • Interest Only
Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

660

Credit Check Description

These are general guidelines and exceptions can be considered on a case by case basis with potential impact on rate and leverage levels.

Appraisal Required for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Legal Disclaimer

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 Business Oversight, CFL#: 60DBO-97686.

Easy Street Capital Testimonials

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Easy Street Capital is a direct lender headquartered in Texas, with offices in California and Washington. The three partners have extensive residential investment experience and have previously flipped over 2,000 residential properties. Easy Street differentiates itself from other lenders by handling all underwriting and due diligence in house, and can fund in as little as 2 days.

License

CA DRE Lic. 02090209, CFL 60DBO-97686

Company Size (Number of Employees)

15

Year Established

2016

Office Locations

Easy Street Capital - Austin
201 W 5th St, Austin, Texas 78701

Easy Street Capital - Irvine
19900 MacArthur Blvd, Irvine, California 92612



Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
  • Single Capital Partner
Alternative Capital Sources
  • Family Offices
  • Bank Credit Line
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Residential Property

100%

Total Number of Loans Funded to Date

500

Total Loan Volume Funded to Date

$250,000,000

Our Team

Stephen Hagerman

President

Casey Denton

Partner

Scott Townes

Partner

CA DRE Broker License - 01982219
NMLS ID - 1726407

Get In Touch

Easy Street Capital pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$50,000

What We Do

  • Investment Lending in CA & TX
  • Residential & Multifamily Properties
  • Bridge, Fix & Flip, Construction, Long-Term
  • Up to 90% LTP & LTC
  • 10%+ Cash Required for Total Costs

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO First-Time Investors
  • NO Land Loans
  • NO Rural Properties

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