Easy Street Capital

About Easy Street Capital

Easy Street Capital is an asset-based lender providing funding in California, Texas, Tennessee, Colorado and Washington.Easy Street Capital is a relationship lender with loan programs for every borrower. Regardless of experience or credit we are able to finance your next investment. Whether you are buying a property to fix up, building new construction, or generating cash flow from rental units, Easy Street Capital has the solution. As a fully discretionary lender we have the ability to customize a loan specifically to meet your individual needs. We look forward to assisting you with your next project.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Land

Areas Served: CA, WA, TX, TN, CO

Lending Guidelines for Easy Street Capital

Below are the general loan guidelines published on the Easy Street Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Easy Street Capital.

Loan Example 1

Angela takes a hard money loan from Easy Street Capital in order to rehab a townhouse to resale in Dallas, TX. The list price of the property is $180,000. The terms of the loan include a 55% loan-to-value (LTV), so she must bring 45% of the price as cash at closing, making the principle note amount $99,000. The interest rate on the note is 8% for a term of 12 months and the company requires a five point origination fee at the closing. The interest is to be paid on a monthly basis and the principle will be paid back after the sale of the property.

In accordance with the terms of the loan, Angela will be required to contribute a $4,950 origination fee in addition to 45% of the purchase price, or $81,000, since there is a 55% LTV. Once the deal is executed and Angela takes over the property, she will have to begin making payments each month of $660 to Easy Street Capital ($99,000 principle x 8% / 12 months). At the end of the note, she sells the renovated property for $261,000. After deducting the $7,920 in total interest payments ($660 times 12 months), the $4,950 origination fee, the $99,000 principle on the note, and the $81,000 she brought to closing, she will make a total profit of $68,130 ($261,000 sales price minus $192,870 in total costs). This profit would be reduced by any rehab costs paid out of pocket.

Loan Example 2

Easy Street Capital issues a fix and flip loan to Lawrence for a renovation project in Dallas, TX. The deal dictates the following:

$150,000 purchase price
85% loan-to-value (LTV)
18 month term
9% interest rate
4% origination fee

Based on a $187,500 sales price after the 18 month term, the numbers for this project would look like the following:

$187,500 sales price
- $127,500 principle (85% LTV)
- $22,500 down payment (15% on 85% LTV)
- $5,100 origination fee (4% of the $127,500 principle amount)
- $17,213 interest payments (18 months x 9% interest)
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= $15,188 gross profit (doesn't include taxes or renovation costs)