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Easy Street Capital

Easy Street Capital

Easy Street Capital is a nationwide private lender offering EasyFix (fix-and-flip up to 90% LTP), EasyRent (DSCR 30-year rental including vacation rentals), and EasyBuild (ground-up construction) - close in under 48 hours with no last-minute changes.
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Easy Street Capital

1201 E Cesar Chavez Street Suite 1, Austin, Texas 78702
jamie@easystreetcap.com
Website

Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$1.5B+
Capital Deployed
5,000+
Properties Funded
2016
Year Founded
Easy Street Capital is a private real estate lender headquartered in Austin, Texas, founded in 2016. Operating with a lean team of 15 professionals led by President Stephen Hagerman, Easy Street Capital has funded over 5,000 loans and deployed more than $1.5 billion in capital across three distinctive loan programs: EasyFix for fix-and-flip, EasyBuild for ground-up new construction, and EasyRent for long-term DSCR rental financing including vacation and short-term rentals. Known for closing in under 48 hours, same-day term sheets, and 1-2 day draw processing, Easy Street Capital is purpose-built for investors who value speed, transparency, and no last-minute changes.

Where They Lend

Nationwide
45 States + DC
Easy Street Capital lends nationwide except North Dakota, South Dakota, Minnesota, Nevada, and New York - covering 45 states plus DC. Heaviest 12-month activity in Texas (1,021 loans), Florida (509), California (709), Georgia (281), North Carolina (244), Tennessee (191), Pennsylvania (138), and Ohio (83). No rural areas. No commercial properties. No owner-occupied homes.

Loan Types, Structures and Terms

$75,000 to $2,000,000
Typical Loan Amounts
6 to 12 Months
Typical Terms
9.90% to 12.90%
Typical Interest Rates
1.50% to 3.00%
Typical Points
Easy Street Capital offers three programs: EasyFix (fix-and-flip up to 90% LTP/LTC), EasyBuild (new construction up to 82.5% LTC), and EasyRent (DSCR 30-year rental at 80% LTV) - all with no prepayment penalty and closings in as few as 2 days.
Fix-and-Flip
New Construction
Rental (DSCR)
Short-Term Bridge
Easy Street Capital's EasyFix program funds residential and multifamily fix-and-flip projects up to 90% LTP and 90% LTC with no appraisal on standard deals, closings in under 48 hours, and 1-2 day draw turnaround.
EasyFix FeatureStructure & Terms
Project TypesResidential investment properties (SFR, condos, 2-4 units) and multifamily up to 20 units. Mixed-use accepted. No owner-occupied homes. No first-time investors. No commercial or specialty properties. No rural areas. No land loans.
Loan Limits & Terms$75,000 to $2,000,000 | 6 to 12 months | Interest-only, first-lien | No prepayment penalty | Flat $1,495 processing fee | Minimum origination $2,000
Rates & Fees9.90% to 12.90% interest rate | Origination 1.5% to 3% (min $2,000) | 620+ FICO required | Auction purchases accepted | Proof of funds letters available | Cross-collateralization with other assets accepted case-by-case
Leverage Ratios (LTC/ARV)Up to 90% LTP | Up to 90% LTC on renovation costs (market dependent) | Max 70% ARV (LTARV) | 10%+ cash required toward total costs | Interest on drawn funds only
Structural AdvantagesClose in under 48 hours. No appraisal required on standard EasyFix loans (saves time and money). No prepayment penalty. 1-2 day draw turnaround. Term sheet within 24 hours. Highest repeat borrower rate in the industry per the company. Multifamily up to 20 units accepted.
Easy Street Capital's EasyBuild program funds vertical ground-up residential and multifamily new construction at up to 82.5% LTC and 65% LTCV, serviced in-house from start to finish with fast draw processing and no prepayment penalty.
EasyBuild FeatureStructure & Terms
Project TypesVertical ground-up construction for residential investment properties, including multi-home developments. Multifamily construction up to 20 units. No horizontal or land development. No commercial or specialty properties. No owner-occupied homes. Prior experience required.
Loan Limits & Terms$75,000 to $2,000,000 | Interest-only, first-lien | No prepayment penalty | All loans serviced in-house from start to finish | Flat $1,495 processing fee
Leverage Ratios (LTC/LTCV)Up to 82.5% LTC of total construction costs | Up to 82.5% LTP on land value | Max 65% LTCV (loan-to-completed-value) | 10%+ cash required toward total costs
Experience RequiredPrior ground-up construction experience required. No first-time builders. Minimum 620 FICO. Personal guaranty always required. Fully serviced in-house for streamlined draw management throughout the build.
Structural AdvantagesAll EasyBuild loans are serviced in-house start to finish. Fast draw processing critical for ground-up timelines. No prepayment penalty. Term sheet within 24 hours. Nationwide coverage in 45 states + DC for builders with projects in multiple markets.
Easy Street Capital's EasyRent program offers 30-year DSCR rental loans at up to 80% LTV for residential investment properties including short-term vacation rentals (Airbnb/VRBO) - with competitive rates, portfolio lending up to 25 properties, and minimum 0.75 DSCR.
EasyRent FeatureStructure & Terms
Property TypesResidential investment properties: SFR, condos, 2-4 units. Short-term vacation rentals (Airbnb/VRBO) accepted with flexible and competitive terms. No owner-occupied. No commercial. No rural areas.
Loan Limits & Terms$75,000 to $5,000,000 | 30-year fixed term | First-lien | No prepayment penalty | Minimum property value $93,750 | Seasoning requirement: 3 months
Rates & Fees6.75% to 10.00% interest rate (market-dependent) | Origination 1% to 3% | No income verification — DSCR-based qualification only | 620+ FICO required | 3-month title seasoning required
DSCR RequirementsMinimum DSCR: 0.75 | Maximum LTV: 80% | Maximum LTP: 80% | Refinance LTV: 80% | Portfolio loans: 3 to 25 properties | No borrower income verification required
Structural AdvantagesShort-term rental (STR) accepted — one of the few lenders to openly embrace Airbnb and VRBO properties. Portfolio financing for 3-25 properties in a single loan. BRRRR investors can validate exit DSCR in FlipperForce before transitioning from bridge to rental. No income verification.
Easy Street Capital's EasyFix Bridge program funds investment property acquisitions and rehab-and-hold projects at up to 90% LTP with no appraisal, 620+ FICO, and the ability to close in under 48 hours.
Bridge Loan FeatureStructure & Terms
Use CasesPurchase-only bridge (as-is acquisition), rehab-and-hold (BRRRR-strategy). Short-term refinance of investment property at max 60% LTV (no cash-out). Cash-out refinance short-term at max 60% LTV. No 100% financing. No owner-occupied. No gap funding.
Property TypesResidential (SFR, condos, 2-4 units) and multifamily up to 20 units. No commercial. No rural areas. No land. Vacant and tenant-occupied properties accepted.
Loan Limits & Terms$75,000 to $2,000,000 | 6 to 12 months | Interest-only, first-lien | No prepayment penalty | Interest on drawn funds | Extension fee may apply
Leverage Ratios (LTV)Purchase (no value-add): Max 70% LTP | Purchase long-term: Max 80% LTP | Short-term refi: Max 60% LTV | Cash-out refi: Max 60% LTV | 10%+ cash required toward total project costs
Structural AdvantagesClose in under 48 hours. No appraisal on standard bridge loans. No prepayment penalty. No last-minute changes — terms are locked. Auction purchases accepted. Proof of funds letters available. BRRRR investors can model exit strategy in FlipperForce BRRRR Analyzer then transition to EasyRent for the refinance.

Borrower Qualifications (Are you qualified?)

Easy Street Capital requires 620+ FICO and prior real estate investment experience for fix-and-flip and construction programs (no first-time investors). Light documentation: credit report, bank statements, and loan application only. DSCR rental loans qualify on property cash flow with minimum 0.75 DSCR.
Qualification ParameterLender Requirements
Experience LevelsPrior real estate investment experience required for fix-and-flip and construction programs. No first-time investors accepted on EasyFix or EasyBuild. EasyRent (DSCR) is accessible to first-time rental investors who meet credit and property requirements. Experience improves rate and leverage levels.
Credit RequirementMinimum 620 FICO required. Applied across all programs. Credit exceptions may be considered on a case-by-case basis with potential impact on rate and leverage levels. EasyRent DSCR minimum credit score is also 620.
Income VerificationLight documentation required. Credit report, bank statements, and loan application. No tax returns required on bridge or construction programs. EasyRent (DSCR) qualifies the property on rental income versus debt service — minimum DSCR 0.75. No borrower income verification on DSCR loans.
Entity RequirementIndividuals, LLCs, LPs, Corporations, Non-Profits, and Self-Directed IRAs all accepted. Down payment must come from borrower or LLC member — cross-collateralization with other assets accepted case-by-case. Personal guaranty always required. No foreign nationals.

Underwriting Process (How long will it take to get approved?)

Easy Street Capital underwrites loans in-house with same-day term sheets (within 24 hours) and closes in under 48 hours on qualifying deals. No appraisal required on standard EasyFix bridge loans. Flat $1,495 processing fee covers all lender costs - no hidden fees or last-minute changes.
Stage / RequirementProcess & Timelines
Initial ReviewTerm sheet within 24 hours of submission. Light documentation: credit report, bank statements, and loan application. No tax returns required. Property does not need to be under contract before applying. Proof of funds letters available for purchase transactions.
Property ValuationNo appraisal required on standard EasyFix bridge loans — one of the most borrower-friendly policies in the industry. Saves cost and eliminates a common closing delay. Appraisal sometimes required for EasyBuild and EasyRent. BPO sometimes accepted.
Speed to CloseClose in under 48 hours on qualifying EasyFix deals. Fastest documented close. Terms are locked at the term sheet — no last-minute changes, no surprises. Highly transparent process throughout.
Document ChecklistCredit report, bank statements, and loan application. No tax returns or income documentation required for bridge or construction programs. Flat $1,495 processing fee covers all lender underwriting and closing costs. 620+ FICO minimum.

Draw Process (How long will it take to get draws?)

Easy Street Capital is known for next-day or 2-day draw processing on EasyFix rehab loans. Interest is charged on drawn funds only, keeping carry costs low throughout the project. The EasyRent DSCR program closes typically within 30-45 days.
Operational StepMethodology & Timelines
Draw SystemInterest charged on drawn funds only. Renovation budget is disbursed in phases as work is completed. Borrowers save on carry costs vs. lenders that charge on entire project balance. Track draw milestones against your FlipperForce project schedule to coordinate submission timing.
Inspection MethodAppraisal sometimes required (program- and market-dependent). BPO sometimes accepted on residential. EasyFix has no appraisal on standard bridge loans — one of the key advantages keeping closings under 48 hours. EasyRent and EasyBuild require full appraisal.
Funding TurnaroundDraw requests funded in approximately 1-2 business days from submission — described by borrowers as “basically next day or two.” This speed helps maintain contractor momentum throughout your FlipperForce project timeline.
Draw FeesFlat $1,495 processing fee covers all lender underwriting and closing costs. No per-draw fee on EasyFix. Origination fees range 1.5% to 3% at closing (minimum $2,000). Extension fee may apply if bridge loan term is extended.