Bridge Loans Made Easy!
Finding the right investment property in a competitive market sometimes requires decisive action and a quick closing. Do not let a slow approval process from another lender keep you from securing the deal! Coastal Capital Funding understands that time can be a critical factor in securing a property. That is why we have created a Bridge Loan program for you to acquire property quickly.
A Bridge Loan is funding for investors to purchaseor refinance a property based on its current value. This loan does not include any funding for renovations, repairs or construction. If additional funding is required, you may want to consider a Fix & Flip loan or a New Construction loan.
Bridge Loans are used only for the purchaseor refinanceofnon-owner occupiedinvestment property, as opposed to owner-occupied, to include:
- Single-Family Properties (1-4 Units)
- Townhouses
- Condos
- Multi-Family Properties (5+ Units)
- Mixed-Use Properties
- Small Balance Commercial Properties
Bridge Loan Requirements:
1. An incorporated business entity (Typically an LLC)
2. A clear exit strategy (how will the loan be repaid)
FAQS:
What is the maximum Loan-to-Value?
CCF will fund up to 80% LTV on an Acquisition and 75% on a Refinance
Is there a credit score requirement?
CCF will consider your loan application regardless of credit score. Typically, we like to see a base credit score of 620 or greater.
How long is the term?
3-24 Months
Why Choose Coastal Capital Funding?
- Complimentary consultation
- Fast Approvals
- Close in as little as 48 hours
- Flexible Terms
- Acquisitions $75,000-$2 Million
FUNDING MADE EASY
Real estate investing can be tricky, but partnering with the right people make the whole process simpler. And wehn it comes to choosing a lender for an Acquisition Loan, not all hard money lenders are equal. What makes our programs stand out isn’t just the free, fast underwriting and low rates, it’s the personal attention you receive from your dedicated advisor and their experience with acquisitions. As the largest lender in the Mid-Atlantic, we’ve helped hundreds of investors secure capital to acquire investment properties.
DEDICATED TEAM
Our team and your dedicated loan specialist have real-life investing experience, so we know how to meet your needs and avoid pitfalls. We don’t just serve as your source of capital, we’re here to offer guidance and take the guesswork out of investing. From start to finish, we’re to ensure your success and establish a prosperous business relationship.
Ready to Get Started?
Start your application process by completing our online form.