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Easy Street Capital

Long Term Rental Loan
EasyRent - LG285

Easy Street Capital

Summary of all Guidelines

Loan Types DSCR Loan
Property Types 2-4 Units, Condo, Multi Family, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $100,000
Loan amount Maximum $3,500,000
Interest Rate Minimum 6%
Terms 30 year, 5 / 6 month ARM
Credit Score Min 640
Interest Only or Amortized Amortized and Interest Only Options available
Entities Corp - Corporation, LLC - Limited Liability Corporation, LP - Limited Partnership, Trust
Lien Position 1st
General Pricing or Guideline info - Property Types: Residential, Short-Term Rental, Vacation Rental up to 10 units. - Occupancy: Long-Term, Medium-Term, or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs. - Loan Structure: 30-Year Fixed Rate Mortgage Loans, Flexible Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed. - DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application). - Fees & Deposits: 0-3% Closing Fee, $1,000 Underwriting Fee, $1,500 Pass-Through Deposit (covering third-party loan costs). - DSCR: 0.75x minimum.
Updated as of 2024-02-23

- Property Types: Residential, Short-Term Rental, Vacation Rental up to 10 units.
- Occupancy: Long-Term, Medium-Term, or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs.
- Loans Structure: 30-Year Fixed Rate Mortgage Loanss, Flexible Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed.
- DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application).
- Fees & Deposits: 0-3% Closing Fee, $1,000 Underwriting Fee, $1,500 Pass-Through Deposit (covering third-party loan costs).
- DSCR: 0.75x minimum.

These descriptions are limited information and meant for general reference purposes.