Loading Additional Profile Sections...
Direct Lender for Residential Investors in California & Texas
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
Texas and California non-rural areas
$50,000 to $5,000,000
8.75% to 13.50%
1.5% to 3%
6 months to 12 months
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Invest in a Business
- Business Working Capital
- Value Add Project
- Tenant Occupied 100%
- Tenant Occupied Partial
Minimum Occupancy Percentage
Property Types and Loan Types
- Residential Property
- 2-4 Units Residential
- Single Family Residence
- 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 Loan-To-Purchase Price90.00%
Borrower Must Have Property Under Contractno
Will Provide Proof of Funds Letteryes
Will Consider Lending on Purchase from Auctionyes
Allowed Source of Borrower’s Equity
- Own Cash
- Equity in Subject Property
- Equity in Another Investment Property
Rehab Value Add Loan
Minimum Number of Value-Add Projects Completed by Borrower1
Will Provide Funds for Renovation Costsyes
Max LTC for Renovation Costs90.00%
Interest Charged for Renovation CostsEntire Amount of Total Project Costs
Typical Number of Days for Funds Draw3
Maximum After Repair Value70.00%
Development Experience Requiredyes
Minimum Number of Ground-Up Construction Projects Completed by Borrower1
Max LTC for Ground-Up Construction Costs75.00%
Interest Charged for Construction CostsOnly on Funds Drawn
Will Lend on Partially Completed Construction Projectsyes
Residential Long-Term Rental
Minimum Loan Amount$150,000
Maximum Loan Amount$2,000,000
Minimum Interest Rate6.5%
Maximum Interest Rate8.75%
Minimum Origination Fee1.5%
Maximum Origination Fee3%
Minimum Loan Term36 months
Maximum Loan Term360 months
Seasoning Time6 months
Minimum Debt Service Coverage Ratio1.15
Will Lend on a Portfolio of RentalsNo
Minimum Property Value$200,000
Details and Requirements
Fastest Closing Time (Days)2
- Interest Only
Pre Payment Penalty
Will lend to a foreign national
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgageno
Will Consider Collateralizing Multiple Properties in One Loanyes
Will Consider Equity Joint Venture
Borrower Entity Types Considered
- Limited Partnership
- Non-Profit Corporation
- Self-Directed IRA
- Credit Report
- Bank Statements
- Loan Application
Personal Guaranty (Recourse) RequiredAlways
Credit Check Requiredyes
Minimum Credit Score Required660
Credit Check DescriptionThese 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 PropertySometimes
Broker Price Opinion (BPO) Accepted for Residential PropertySometimes
A set $1,495 document and processing fee covers all lender underwriting and closing costs.
Minimum Origination Fee Amount
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 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.
CA DRE Lic. 02090209, CFL 60DBO-97686
Company Size (Number of Employees)
Office LocationsEasy 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
Alternative Loan Structures
- One Investor One Loan
Percentage of company’s lending business focused on private mortgage
Percentage of Loans Secured by Residential Property
Percentage of Residential Property Loans Which are Fix and Flip
Percentage of Residential Property Loans Which are Buy and Hold
Percentage of Residential Property Loans Which are Ground-Up Construction
Total Number of Loans Funded to Date
Total Loan Volume Funded to Date
2017 Number of Loans Funded
2017 Loan Volume Funded
2018 Number of Loans Funded
2018 Loan Volume Funded
2019 Number of Loans Funded
2019 Loan Volume Funded
Mr. Hagerman is the President and founder of Easy Street Capital. Mr. Hagerman’s efforts focus on capital sourcing, strategy, and overall economic performance of Easy Street Capital, LLC. Over the past 15 years Mr. Hagerman has created residential investment, brokerage, construction, and escrow companies that have completed transactions valued over $1 billion. Mr. Hagerman has acquired, renovated, and sold over 2,500 residential assets and established residential offices in markets throughout Texas, California, and Arizona.
Mr. Denton is a Partner at Easy Street Capital. Mr. Denton’s primary responsibilities at Easy Street include origination, underwriting, and investor relations. Over the last 10 years Mr. Denton has been involved with the acquisition, renovation, and disposition of over 1,000 residential assets located in California and Texas. Mr. Denton has inspected and renovated over 500 homes and has experience managing over $30mm of residential construction projects. Mr. Denton has developed a large network of residential construction relationships throughout Texas including vendors, contractors, and inspectors. Additionally, Mr. Denton has overseen the origination, funding, and servicing of over 300 residential loans totaling over $100mm.
Mr. Townes is a Partner at Easy Street Capital, overseeing all California operations. His background includes capital raising, portfolio management, asset management, business operations, and software development. He began his career as an Intelligence Officer in the Marine Corps where he twice deployed to combat operations in Iraq. Following his military career, he spent the next 10 years focused on real estate investments. He built and managed a business platform that successfully invested over $1B of equity in residential and small cap multi family assets across multiple states. Over the last year, Mr. Townes originated and managed a $50M California debt portfolio. Mr. Townes holds an undergraduate degree from James Madison University where he majored in Computer Information Systems, and an MBA from University of California, Anderson School of Business.License Information
CA DRE Broker License - 01982219
NMLS ID - 1726407
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.
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.
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!
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.
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!!
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.
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.
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.