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 85% LTC and up to 100% construction costs
– 12-month Interest Only loan
– No Prepayment Penalty
– 1-4 unit residential properties
– Option to Cash-Out or Rate & Term Refinance
Bridge Loans
– up to 75% LTV
– 12-Month Interest Only loan
– No Prepayment Penalty
– BPO if the loan amount is under $250,000
– As-Is Appraisal if the loan amount is about $250,000
Rental Property Loans
portfolio rental loans.
– Up to 80% LTV
– 30-year fixed rate loan
– Up to 75% Cash Out Refinance
– Up to 80% Rate and Term Refinance
– $100,000 Minimum As-Is Value
New Construction Loans
– Up to 85% LTC
– 12 or 18 Month Interest Only loan
– 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
– 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 85% LTC
– 12 to 18 Month Interest Only loan
– No Prepayment Penalty
– Up to 30 units
Submit your preliminary information regarding your lending needs today!
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 80% LTC (Loan to Cost)
- Up to 100% of rehab price funded
- Up to 65% of Total Loan of After Repair Value
Advanced
- 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 85% LTC (Loan to Cost)
- Up to 100% of rehab price funded
- Up to 70% of Total Loan of After Repair Value
Submit your preliminary information regarding your lending needs today!