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

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This loan product is a great short-term financing solution for investors looking to purchase and rehab a property in disrepair, with the ultimate objective to sell or refinance upon completion.

 

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  • 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

Small Balance Commercial Loans

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The Small Balance program is a great longer-term financing solution for seasoned real estate investors looking to purchase or refinance income-producing commercial properties without the headaches of traditional bank financing.

 

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  • Property Types: Multifamily (5+ Units), Mixed Use, Retail, Office & Light Industrial
  • Loan Amounts of $200,000 - $5,000,000
  • Loan Terms of 3, 5, 7, 10 year fixed with up to 30 year amortization
  • 600+ Credit Score
  • Debt Coverage minimum of 1.20X

Bridge Loans

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Our bridge loan program is a great short-term financing solution for investors looking for additional time to stabilize a property for an upcoming refinance or sale.

 

For more information

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  • 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

Why should I use a private lender?

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.

How do you structure your renovation loans? What is loan-to-cost?

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.

Do you lend to individuals?

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

Do you provide proof of funds?

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.

Forms & Documents

Renovation

For initial review, please submit the completed loan application, valid purchase and sale agreement and a recent credit report.

Loan Application

GC’s loan application for renovation loans is the primary document we use to evaluate and underwrite your project. Make sure to complete all sections with current information for each potential loan.

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Scope of Work

For all renovation loans, the scope of work is a critical document to understanding the renovation budget for your project.

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REO Schedule

Please provide your Real Estate Owned Schedule to complete an overview of your real estate experience and holdings.

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Small Balance/Bridge

For all Small Balance and Bridge loans, please provide a completed loan application, purchase & sale agreement (if purchase) and a current REO Schedule.

Loan Application

GC’s loan application is designed for Small Balance and Bridge loans. Make sure to complete all sections with current information for each potential loan.

Download

REO Schedule

Please provide your Real Estate Owned Schedule to complete an overview of your real estate experience and holdings.

Download

Are you a Broker?

Brokers are part of our business. If you’re not an approved broker with Grand Coast Capital, now’s a good time start!

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