LOAN CRITERIA

The Process

Our Loans are based on the actual asset. The asset is appraised on a after-repair and as-is value by a BPO and / or an appraisal. We lend up to 75% of after-repair value.

We will evaluate the project and experience of the investor and see if it fits our company’s guidelines.

The investor can be pre-approved in as little as one day, and closing can occur in as little as five.

After someone is pre-approved, they can access and fully complete the application online and upload all necessary paperwork.

Loan Programs

Fix and Flip

 For investors purchasing distress properties and would like to resell within 12 months.

– 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

 

Residential for Rent Loan

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

 

 

Transactional Financing

This loan program is geared towards wholesalers. This is for the real estate investor who flips contracts and needs someone to fill the void of the A2B Transaction so they can complete the B2C transaction with the end buyer. 

– Up to 100% of purchase

– Same Day Close

– Zero out of pocket expenses

Borrower Levels

Regardless of your of experience, Coastal Equity Group has a loan program suitable for you. While Novices can access funds at reasonable terms, return Borrowers can leverage past successes with lower rates and higher loan to value ratios.

Novice

For people who have just started their investment career in real estate and have funded and finished two or less deals with Coastal Equity Group.

  • 80% of purchase price funded
  • 90% of rehab price funded
  • 70% of Total Loan of After Repair Value

Intermediate Program

For people who have had at least three projects funded with Coastal Equity Group and are ready to take real estate investing to the next level.

  • 85% of purchase price funded
  • 90% of rehab price funded
  • 70% of Total Loan of After Repair Value

Advanced

For people who have had five projects funded with Coastal Equity Group and ready to take on multiple projects on at the same time.

  • 90% of purchase price funded
  • 95% of rehab price funded
  • 72.5% of Total Loan of After Repair Value

Expert

For people who have had seven projects funded with Coastal Equity Group and ready to take make real estate investing their main focus.

  • 90% of purchase price funded
  • 100% of rehab price funded
  • 75% of Total Loan of After Repair Value

Need assistance?

Call our office at 843-737-0182.