What states does Easy Street Capital lend in?

Nationwide, with a few exceptions: Louisiana, Minnesota, South Dakota and North Dakota, plus the cities of Baltimore, Chicago and Detroit. The site publishes a Where We Lend map with the current list.

A DSCR loan is a mortgage on a residential income-producing property underwritten primarily on the property's debt service coverage ratio, meaning its cash flow, rather than on the borrower's income. It requires no income verification, tax returns or debt-to-income ratio. The property must be used for business or investment purposes and cannot be occupied by the owner.

Why do investors use hard money loans?

Speed, higher leverage and flexible underwriting help investors win deals and fund reliably. Easy Street Capital points to quick decisions, consistent underwriting, in-house draw management and closings in days rather than weeks.

Bridge lenders

Easy Street Capital

Easy Street Capital is a private real estate lender headquartered in Austin, Texas, lending to investors around the country. It runs three products: EasyFix fix-and-flip bridge loans, EasyRent DSCR rental loans and EasyBuild ground-up construction loans.

EasyFix runs from $75K to $5M+ on single-family and 2-8 unit property, over 6-18 months interest only with extension options, at up to 93% loan-to-cost including 100% of renovation costs and up to 75% of after-repair value, with no appraisal required, a 600 minimum FICO, same-day term sheets underwritten by people, closings in as little as 24 hours and draws funded in 48 hours. EasyRent covers cash-flowing property up to 10 units, including mixed use and short-term rentals, underwritten on the property's debt service coverage ratio rather than the borrower's income, with no tax returns or debt-to-income test. EasyBuild runs 9-24 months on 1-10 units at up to 90% loan-to-cost with a 680 minimum FICO and a first-time builder product.

Servicing and construction draws are handled in house through payoff. The firm runs a referral program paying $1,000 per funded deal for investor-friendly agents, a signature wholesaler program, and a philanthropic division, and it sponsors conferences and networking events.

Rates start at 8.90% for fix-and-flip, 5.75% for DSCR rental and 8.90% for new construction. The firm lends nationwide with exceptions - Louisiana, Minnesota, South Dakota, North Dakota, Baltimore, Chicago and Detroit - so check its Where We Lend map before applying. State licensing details are published on the contact page.

Best for

Residential investors and small builders doing flips, BRRRR, short-term rentals or ground-up construction who need speed and leverage more than the lowest rate. Not for borrowers in Louisiana, Minnesota, the Dakotas, Baltimore, Chicago or Detroit.

What they do

Fix-and-flip bridge loans
DSCR rental loans
Ground-up construction loans
First-time builder construction product
Short-term rental financing
BRRRR portfolio financing
In-house loan servicing and draw management
Agent referral program
Wholesaler financing program

Details

Attribute	Value
Licenses	NMLS #2167568, California DRE BRE# 02090209, California DFPI CFL# 60DBO-97686, Arizona Mortgage License MB-1035987, Texas 2167568, Idaho MBL-2082167568, Oregon 2167568, Utah 13276400
How they charge	Rates start at 8.90% for fix-and-flip and new construction and 5.75% for DSCR rental loans; fix-and-flip loan sizes run $75K to $5M+.

What stands out

Fix-and-flip loans run $75K to $5M+ at up to 93% loan-to-cost, including 100% of renovation costs, and up to 75% of after-repair value.
Rates start at 8.90% for fix-and-flip, 5.75% for DSCR rental and 8.90% for new construction.
Minimum credit scores are 600 for fix-and-flip and 680 for new construction.
Construction draws are funded in 48 hours and closings can happen in as little as 24 hours with no appraisal required.
Lends nationwide except Louisiana, Minnesota, South Dakota, North Dakota, Baltimore, Chicago and Detroit.

Common questions

What states does Easy Street Capital lend in?: Nationwide, with a few exceptions: Louisiana, Minnesota, South Dakota and North Dakota, plus the cities of Baltimore, Chicago and Detroit. The site publishes a Where We Lend map with the current list.
What is a DSCR loan?: A DSCR loan is a mortgage on a residential income-producing property underwritten primarily on the property's debt service coverage ratio, meaning its cash flow, rather than on the borrower's income. It requires no income verification, tax returns or debt-to-income ratio. The property must be used for business or investment purposes and cannot be occupied by the owner.
Why do investors use hard money loans?: Speed, higher leverage and flexible underwriting help investors win deals and fund reliably. Easy Street Capital points to quick decisions, consistent underwriting, in-house draw management and closings in days rather than weeks.