Coastal Capital Lending FAQs
1. What type of loans does Coastal Capital Lending offer?
Coastal Capital Lending specializes in hard money loans for real estate investors. We provide short-term, asset-based financing for Fix and Flip investors (“Flippers”) and long-term rental investors using the BRRRR strategy (“BRRRR Builders”).
2. Who qualifies for a loan with Coastal Capital Lending?
We work with experienced real estate investors who have successfully completed at least two deals in the past 18–24 months. Borrowers must apply through an entity (LLC or corporation), as we do not lend to individuals.
3. How quickly can I close on a loan?
We can close within 72 hours of receiving a clear title. Our streamlined process ensures you can move forward with your investment without delays.
4. Do you require personal income verification or credit checks?
No! Our loans are asset-based, meaning we focus on the property’s value rather than your income or credit score.
5. What are the terms of your loans?
- Loan Term: 6-month interest-only loans (extensions available)
- Financing: Up to 90% of the purchase price and 100% of rehab costs (as long as the LTV
to ARV remains at 75% or below) - Prepayment Penalty: None—pay off your loan early with no extra fees!
6. Are there interest payments during the loan term?
Yes, our loans are interest-only, meaning you only pay interest each month while the principal is
due at the end of the term.
7. How does the rehab draw process work?
We release rehab funds in draws based on completed work. Once a phase is completed and
verified, funds are disbursed quickly so you can keep your project moving forward.
8. What if I need an extension on my loan?
Extensions are available if needed. Contact us before your loan matures to discuss extension
options.
9. What types of properties do you lend on?
We finance single-family homes, multi-family properties (up to 4 units), and mixed-use
properties in qualifying markets.
10. Can I use this loan for a BRRRR strategy?
Absolutely! Our loans are a great fit for BRRRR Builders looking to renovate and refinance into
long-term financing.
11. Do you finance new construction or land purchases?
No, we focus on existing properties that need value-add renovations, not new construction or
raw land.
12. How do I get started?
Once you’ve locked in your next deal, head over to the Borrow tab on our website to submit
your application. We’ll review it and help you navigate the next steps toward securing funding!