Creative, reliable & timely financing solutions

 

Built by real estate investors for real estate investors

Grand Coast understands what real estate investors need to succeed in today’s competitive marketplace.

Quick Turnaround Time

No Upfront Fees

Multiple Financing Products

Direct Lender

Renovation Loans

Property Types: Single Family, Condo & Townhouse, 2-4 Units, Multifamily, Commercial

Loan Amounts of $100,000 – $3,000,000

12-month loan term

600+ Credit Score

Up to 90% Loan to Cost

Bridge Loans

Property Types: Multifamily, Mixed Use, Retail, Office, Light Industrial & Investment (1-4 Units)

Loan Amounts of $200,000 – $5,000,000

12-18 month loan term

600+ Credit Score

Debt Coverage minimum of 1.20X

Ability to refinance into small balance commercial program

FAQs

What is your loan process?

1

Application

Borrower submits loan application

2

Letter Of Intent

GC reviews and issues preliminary terms

3

Processing

Borrower signs LOI and submits additional documentation

4

Underwriting

GC completes analysis & underwriting

5

Closing

GC collects final closing documents from Borrower for closing

6

Ready To Close

Loan closes and funds are released

Private lenders provide investors flexibility and creative structures that traditional financing cannot offer. Additionally, private lenders can analyze and fund loans much faster than traditional financing without a drawn-out, cumbersome process.

Grand Coast will lend up to 80% of the total cost of a renovation product (change to project). The total cost represents the purchase price and the rehab costs associated with the project. The Loan to cost must be no higher than 70% of the After-Repair-Value (ARV) of the property.

Grand Coast’s loans are commercial transactions, so they are not for individuals. Our loans are for real estate investment companies.

Grand Coast will evaluate proof of funds on a case by case basis if the property is within Grand Coast’s lending criteria and a fully completed loan application is submitted. Grand Coast does not provide blanket proof of funds. Additionally, Grand Coast can only evaluate deals that are under contract.