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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
11/16/2023
Property Type
Single Family Residence
Property City
Austin
Property State
TX
Loan-to-Value
50%
Term
30 years
Rate Type
Fixed
Debt Service Coverage Ratio
1.35
Interest Rate
9.62%
Deal Summary
Austin, Texas, is the capital of Texas and is known as the Live Music Capital of the World. Austin attracts a great amount of tourists annually as it is the home of Austin City Limits, a popular music festival, and the Circuit of Americas, a Formula 1 motor racing track. The home is currently utilized as a short-term rental.
Funded By
Easy Street Capital
Direct Lender for Residential Flips and Rentals