Easy Street Capital, LLC

Basic information

QM program

N/A

Loss payee

N/A

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

35-day free rate lock. 2rate lock extensions for 15 days/each. Each cost 25 bps origination/

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Broker Tear Sheet - DSCR_07.25.24

Broker TS RTL 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

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

2

Reviews