One of the offerings heavily utilized by mortgage brokers as of late is Residential Transition Loans (“RTL”). RTL is a broad term that encompasses loans with many different use cases, but generally follow the same structure – shorter duration (typically 6 to 12 months) loans with monthly interest-only payments and a balloon payment at maturity.
Partnering with a reliable RTL lender is ultimately beneficial for mortgage brokers. A good relationship with a lender allows brokers to serve clients efficiently and effectively. For instance, a dependable RTL lender can provide quick approval and funding processes – both crucial concerns for clients needing immediate access to capital during property transitions. Working with a trusted lender to alleviate these concerns not only satisfies your clients, but it also boosts your reputation as a mortgage broker. Additionally, a reliable RTL lender often offers flexible loan terms and competitive rates, making it easier for brokers to find suitable options for a diverse range of clients. Flexibility is key given that no two loan scenarios are exactly identical. This versatility helps brokers expand their client base and increase their overall business volume.
Whether you’re a mortgage broker who doesn’t yet have a dependable lender for RTL products for your borrowers, or if your current hard money lender isn’t cutting it – look no further. Easy Street Capital is a premier capital provider for elite mortgage brokers specializing in hard money and private lending.
Easy Street Capital: Your Go-to Lender for RTL
Our industry-leading RTL options – EasyFix and EasyBuild – provide financing solutions for fix and flip investors, ground-up construction, and any scenario where borrowers need to close fast. Both EasyFix and EasyBuild are fully integrated in our Mortgage Broker Program. Read on to learn why hundreds of brokers have joined our Mortgage Broker Program and different use cases for our RTL solutions to serve their clients’ needs.
Join Forces with Easy Street
✔ Unmatched Speed
Get term sheets on the same day, close deals within 48 hours—faster than any other lender in the nation. Plus, skip the appraisal! This rapid pace isn’t just for closing deals; you can register and start submitting loan requests in no time. Avoid the pitfalls of slow processing lenders that can jeopardize your deals.
✔ Certainty of Execution
Our term sheets come fully underwritten and with finalized values—no last-minute changes unless initiated by the borrower. This means less time spent collecting documents and more time driving deals to completion. Rely on Easy Street term sheets to make your transactions smoother and more predictable.
✔ White Label Service
Our innovative Signature Broker platform allows your loans to be processed by a third party. Maintain your privacy and prevent direct lender-to-borrower contact. This confidentiality extends across all stages of the loan — draws, servicing, and payoff — ensuring you retain your clients without interference.
✔ Dedicated Support
Experience top-notch service with a dedicated Account Executive and specialized teams for processing, servicing, and draws. As a broker partner with Easy Street, support is always at hand, from the initial submission to the final payoff.
✔ Firm Broker Protection
We take the security of your client relationships seriously. Introduce a borrower to Easy Street, and we ensure they stay your contact, with robust systems to prevent any client poaching. Trust in our commitment to protect your interests and client relationships.
Easy Street Capital’s RTL Options for Mortgage Brokers
Fix and Flip
EasyFix, the easiest and fastest loan program in the country, continues to provide funding for hundreds of fix and flip investors every month. With the highest repeat borrower percentage in the nation, you can rest assured that your clients will enjoy consistent, reliable access to capital when you partner with Easy Street. Our fix and flip loans are perfect for flippers that need to purchase a property needing renovation. Easy Street can also finance the cost of the renovation if desired. Receive a Term Sheet within 24 hours and close within 48 hours!
New Construction
EasyBuild provides hard money construction loans for developers building residential properties. This program covers purchases of a empty lots to build on, tearing down an existing property to construct a new one, and adding square footage to an existing property. Easy Street Capital’s experienced draws team delivers top of the line service and works with borrowers to make sure all construction draws are processed within 48-72 hours.
Bridge
The term “bridge loan” is essentially synonymous with residential transition loan. The reason we’ve kept this separate is that our bridge loans, in this context, are purchase-only (no rehab). These loans are used solely for borrowers to close loans in a pinch. Did your previous lender bail? Purchase contract expiring at the end of the week and the seller won’t extend? Don’t have enough time to go through the underwriting process of permanent financing? Bridge loans fill the financial gap, providing immediate funds that can be repaid once the home is sold (or refinanced).
Refinance
While not as common of a strategy as the other three use cases, Easy Street Capital does offer RTL refinances. Borrowers may pursue an RTL refinance when they need to use equity from a currently owned investment property for a business purpose, or if they are requesting rehab funds for a currently owned property. Structure-wise, this loan will still mirror our other RTL options (monthly interest-only payments, shorter term). Leverage will be capped at 60% Loan-to-Value for an RTL refinance.
Secure RTL Funding for your Borrowers Today!
Easy Street Capital’s Mortgage Broker Program is designed exclusively for real estate professionals seeking to expand their business. We understand the importance of fostering strong relationships with brokers who play a vital role connecting borrowers with the right lending solutions. Gain access to industry-leading RTL solutions and boost your business with reliable, fast, and discreet financing. Click below to partner with Easy Street Capital today!
About the Author
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