Easy Street Capital
Overview
Easy Street Capital is America’s leading lender for properties utilized as Short Term Rentals (STRs), the fastest-growing frontier in real estate investing. Our EasyRent DSCR Loan program has helped thousands of investors start, scale, and manage their short-term rental portfolios effectively.
For our Short Term Rental Loans (STR Loans), we combine the traditional 30-year fixed-rate residential mortgage product with flexible and hassle-free underwriting, delivering quick and efficient closes and non-intrusive documentation requirements.
EASY Qualification!
- No DTI (Debt-To-Income) Requirement
- No Tax Returns Required
- No Income Verification
Forward-Thinking Underwriting!
- Qualify with AirDNA Projections (up to 100%!)
- Up to 80.0% LTVs (only 20% down on purchases)
- Tertiary / Vacation Markets OK
#AirBnBRRRR Friendly!
- Lending Solution for the Purchase, Rehab AND the Refinance
- 100% Cash-Out Refinances within 3 Months!
- No Lease Required
RATES starting at just 5.99%
In a Hurry? Wanna Skip the Wordy Parts?
Recommended for the Following
Individual Self-Managing Property Owners – Yes
Property Managers and Co-hosts – Yes
Features
The information below covers our Short Term Rental DSCR Loan product. In addition to short-term rental lending, Easy Street Capital also offers DSCR loans for long- and medium-term rentals. We also offer loan programs catering to Fix and Flip investors (EasyFix) and ground-up construction (EasyBuild). For more information on all of Easy Street Capital’s loan products, please visit our website at https://www.easystreetcap.com/.
Short-Term Rental DSCR Loans
• Loan Amounts: $100,000 – $3,000,000 (blanket portfolio loans up to $5,000,000)
• Rates: Starting at 5.99%
• Geography: Nationwide except for Nevada, North Dakota, and South Dakota
• Property Types: SFR, 2-4 Unit, Townhome, Planned Unit Development (PUD), Condo – Warrantable, Condo – Non-Warrantable
• Loan Structure: 30-Year Fixed Rate Mortgage, 5/6 ARM (10-Year Partial-IO options available for each); 5-Year Prepayment Penalties; Entities (i.e. LLCs) and partners welcomed
• LTVs: Up to 80.0% (Acquisitions & Rate-Term Refinances), 75.0% (Cash-Out Refinances)
• DTI: Not applicable (we don’t require tax returns or evaluate your personal income or finances when evaluating your application)
• DSCR: No minimum
• Credit Score: 640 minimum
• Fees & Deposits: 0-3% Closing Fee, $1,000 Underwriting Fee, $1,500 Pass-Through Deposit (covering third-party loan costs)
Pros
Cons
Customer Reviews
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