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Updated about 1 year ago on .
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
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Best New Orleans Small Multifamily (5-10 Units) Lender - Easy Street Capital
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
Why is Easy Street Capital the best Lender for New Orleans, Louisiana Multifamily DSCR Loans??
👉Borrower-Friendly Terms vs. Banks!
✅30-Year Fixed Rate Debt (1st 10 Years IO Available)
✅Amortize on a 30-year Schedule (Lower Monthly Payments, No Balloons!)
✅1.15x DSCR Minimum (DSCR only takes into account tax and insurance expense!)
👉EASY Qualification!
✅640 Minimum FICO Score (Partners/LLCs OK)
✅No PCR or Phase 1 Required
✅No Tax Returns / No Income Verification
👉Ultimate Flexibility
✅Short Term Rentals / Unleased Properties OK!
✅Available in 46 States, Rural Markets OK (up to 65% LTV)
✅Full Spectrum of Prepayment Provisions, No Lockout Period!
5-Minute Web App for Multifamily DSCR Loans!
Free Article: Multifamily DSCR Loans: New Loan Option for Real Estate Investors