Easy Street Capital, LLC
1201 East Cesar Chavez Street, Austin, TX 78702
https://www.easystreetcap.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
18,296
Total loans closed with Loan Factory (past 12 months)
14,769
Lender overview
Basic information
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Lock policies & Fees
Lock Policies
35-day free rate lock.
2rate lock extensions for 15 days/each. Each cost 25 bps origination/
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No
Lender's niche & Overlays
Broker Tear Sheet - DSCR_07.25.24
Our big niche products are for real estate investment properties: Short-Term rental program, rural properties, DSCR program for multi-family 5-10 units, mixed-use, portfolio loans, and fix/flip fastest closing.
-DSCR Program:
-Loan Amount: $100,000 to $3.5 million
-Nationwide: 46 states!
-Rural properties
-Competitive rates
-Property Types: SFR, townhouse, condos, duplex, triplex, quadplex. Multi-family 5-10 units, and mixed-use.
-Loan Structure: 30-Year Fixed, 5/6 ARM and interest only for 10 years available.
-LTVs: Up to 80% for purchases and rate/term, 75% for cash-out for 1-4 and up to 75% for purchases, 70% for refinances for multi-family.
-Short-term rental (using projected revenue or actual income)
-DSCR: 0.75 minimum
-Pre-payment penalty: 5%,4%,3%,2%,1%, 3 year 3%,2%,1% and others
-Credit Score: 640 minimum
Fix/Flip Program:
-Purchase Price: $100,000 to $2 million
-Loan Amount: $100,000 to $2 million
-Payment: Interest only
-Points: 1% on the white label program!
-No Upfront Appraisal!
-Fastest closing (3-5 days)
-LTC: Up to 85%
-LTV: Up to 70%
-Term: 6-12 months
-Financing for purchase and renovation costs
-Quickest draw process in the industry
-Geography Nationwide (except MN, MO, LA, NV, NY, SD, ND, and UT)
-Property Types: SFR, and 2-4 Units
-No prepayment penalty
-Credit score: 660
-Loan Amount: $100,000 to $3.5 million
-Nationwide: 46 states!
-Rural properties
-Competitive rates
-Property Types: SFR, townhouse, condos, duplex, triplex, quadplex. Multi-family 5-10 units, and mixed-use.
-Loan Structure: 30-Year Fixed, 5/6 ARM and interest only for 10 years available.
-LTVs: Up to 80% for purchases and rate/term, 75% for cash-out for 1-4 and up to 75% for purchases, 70% for refinances for multi-family.
-Short-term rental (using projected revenue or actual income)
-DSCR: 0.75 minimum
-Pre-payment penalty: 5%,4%,3%,2%,1%, 3 year 3%,2%,1% and others
-Credit Score: 640 minimum
Fix/Flip Program:
-Purchase Price: $100,000 to $2 million
-Loan Amount: $100,000 to $2 million
-Payment: Interest only
-Points: 1% on the white label program!
-No Upfront Appraisal!
-Fastest closing (3-5 days)
-LTC: Up to 85%
-LTV: Up to 70%
-Term: 6-12 months
-Financing for purchase and renovation costs
-Quickest draw process in the industry
-Geography Nationwide (except MN, MO, LA, NV, NY, SD, ND, and UT)
-Property Types: SFR, and 2-4 Units
-No prepayment penalty
-Credit score: 660
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Lender turn time
2
2
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