The Loan Process
Our team will evaluate the project and the experience of the investor to ensure the property fits our company’s guidelines. Together, our team can walk you through the pre-approval and lending process.
Investors can be pre-approved in as little as one day, and closing can occur 5 to 7 business days after all required underwriting documents have been received and approved. We encourage our Borrowers to get pre-approved so we can work as proficiently as possible once a property is under contract.
Submit your preliminary information regarding your lending needs today!
Loan Programs
Fix & Flip Loans
– Up to 90% LTV and 100% rehab financing available in FL, AL, GA, OH, and SC.
– Up to 90% LTC in TN & NC
– 12 Month interest only loan
– No prepayment penalty.
– 1-4 unit residential properties
– Option to Cash-Out or Rate & Term Refinance
Bridge Loans
For properties that have minimal to no rehab and are in need of a faster closing.
– Up to 90% LTV in FL, AL, GA, KY, OH, and SC.
– Up to 75% LTC in TN & NC
– 12 Month Interest Only Loan
– No Prepayment Penalty
– BPO
Rental Property Loans
Coastal Equity Group can help you scale your rental property portfolio. We offer both single or
portfolio rental loans.
– Up to 80% LTV
– 30-year fixed loan
– Up to 75% Cash Out Refinance
– Up to 80% Rate and Term Refinance
– $100,000 Minimum As-Is Value
New Construction Loans
This loan program is for ground up construction loans for vacant lots or tear downs properties.
– Up to 90% LTC
– 12 Month Interest Only
– No Prepayment Penalty
– Option to Refinance into Long-Term Rental Program
Transactional Funding
– Up to 100% of purchase
– Same Day Close
– Zero out of pocket expenses
Multi-Family Loans
For investors that are purchasing residential properties greater than 5 units.
– Value Add – distressed multi-family properties that need capital and rent increases to stabilize and bring value to the property.
– Bridge Loan – For investors purchasing turn-key properties that are need of seasoning before long-term refinancing.
– Up to 90% LTC
– 12 to 24 Month Interest Only Terms
– No Prepayment Penalty
– Up to 20 units
– Loans up to $5 Million
Borrower Levels
Regardless of your of experience, Coastal Equity Group has a loan program suitable for you.
Novice
- 4 or less projects funded with Coastal Equity Group
- Up to 85% of Loan to Value (As – Is per appraisal)
- Up to 85% of purchase price funded
- Up to 100% of rehab price funded
- Up to 70% of Total Loan of After Repair Value
Advanced
For borrowers who have had 4 projects funded with Coastal Equity Group and ready to take on multiple projects on at the same time.
- 4 or more funded with Coastal Equity group or a proven track record of 6 or more projects in your personal name or entity name.
- Up to 90% of Loan to Value (As – Is per appraisal)
- Up to 90% of purchase price funded
- Up to 100% of rehab price funded
- Up to 75% of Total Loan of After Repair Value
Submit your preliminary information regarding your lending needs today!
Need assistance?
Call – 843-737-0182
Email – info@coastalequitygroup.com.