Tanner Lewis’ Post

Just funded this duplex-to-condo conversion deal through one of my white-label signature brokers in Indianapolis. This deal was a bit abnormal as the borrower was looking to purchase both condo units simultaneously and plans to rehab and hold on to it as a BRRRR deal. We comped this out with other duplex-to-condo conversions and closed without an appraisal. If you are a mortgage broker and want to learn more about our hard money and DSCR programs, email me at tannerl@easystreetcap.com #HardMoney #RTL #BRRRR

Just funded this short-term rental acquisition using AirDNA projected income. To maximize the cash flow on this deal, the borrower decided to go with a 10-year partial interest-only loan structure. If you need to fund a short-term rental, you can qualify the deal using AirDNA projections, a 12-month booking history, STR 1007, or an LTR 1007. Warrantable and non-warrantable condos, condotels, co-ops, and standard 1-4 units are all eligible. You can even qualify a rural STR with AirDNA projected income. #STR #DSCR #AirBnb #VRBO #AirBnBRRRR #AirDNA

We just closed this deal a few weeks ago: 75% LTV cash out on a BRRRR deal in New Jersey. The borrower was looking to refinance quickly to pay off maturing hard money debt, so we ordered a rushed appraisal and collected documentation upfront, allowing us to close this in 15 days when the typical close time is 30 days. #BRRRR #DSCR #CashOut #3MonthSeasoning #EasyStreetCapital

Completed this deal with one of my white-label signature brokers. We usually tell clients we can close in as fast as 48 hours if needed, but the borrower was on a tight timeline, so we were able to close this in 32 hours with no appraisal. Brokers, shoot me a message if you have a deal that needs to close quickly or if you would like to learn more about our white-label signature broker program, which offers enhanced pricing, reduced fees, borrower protections, and white-label anonymity. #RTL #HardMoney #48HourClosing #Flipping #NonQM

I funded this deal earlier this year, a fix-and-flip bridge loan with a lipstick rehab and a high margin on the ARV. Usually, lenders do not allow gap funding, but we were able to structure this deal with the borrower being reimbursed post-close with a second lien from a private lender.

We just funded this BRRRR deal in Killeen, Texas. With our 48-hour hard money closings and sub-6-month seasoning on cash-out refinances, we are the perfect lender for BRRRR investors. #EasyStreetCapital #BRRRR #DSCR #AirBnBRRRR #48hourclosing

Next week BiggerPockets is hosting BPCON 2023 and I am thrilled to attend with Easy Street Capital as a platinum sponsor! I am looking forward to connecting with real estate investors looking for hard money bridge financing and 30-year DSCR financing, especially investors in the short-term rental and BRRRR space. If you are also attending, do not hesitate to reach out to schedule a 1-on-1 meeting to learn more about our industry-leading lending programs. #BPCON2023 #BPCON #STR #BRRRR #DSCR #HardMoney