Direct Lender for Property Investors in the Southeast

Regardless of your of experience, Coastal Equity Group has a loan program suitable for you. While Novices can access funds at reasonable terms, return Borrowers can leverage past successes with lower rates and higher loan to value ratios. Our Loans are based on the actual asset. The asset is appraised on an after repair value by a BPO and appraisal. We lend up to 75% of the lower number.

We will evaluate the project and experience of the investor and see if it fits our company’s guidelines. The investor can be pre-approved in as little as one day, and closing can occur in as little as five. After someone is pre-approved, they can access and fully complete the application online and upload all necessary paperwork.

Please note: we do not offer loans for owner-occupied homes.

Property Geographic Area Details
Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, Ohio.
Loan Amounts
$50,000 to $1,500,000
Interest Rates
9% to 12%
Loan Terms
12 months to 360 months
Origination Fees
1.5% to 3.5%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial

Property Types

  • 2-4 Units Residential
  • Commercial Land
  • Mixed-Use
  • Multifamily
  • Office
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Long-Term Rental

Specialty Loan Types

  • Residential Long-Term Rental

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Office Land
  • Retail Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

80%

Max LTC for Land Acquisition

80%

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Another Investment Property

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

4

Maximum After Repair Value

75.00%

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

2

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Renovation Construction Draw Fee

150

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

4

Payment Structure
  • Interest Only
Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

600

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Get In Touch

Coastal Equity Group pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

We are Coastal Equity Group — A professionally managed boutique real estate investment firm. We provide real estate based loans to Borrowers in need of non-traditional financing. Because we are small and private, we can move quickly through the underwriting process and structure loans more creatively than conventional banks. Although based in Charleston, South Carolina, our lending footprint expands into the following state – FL, AL, GA, TN, KY, NC, SC, and OH.

Year Established

2018

Office Locations

Coastal Equity Group
15 State Street, Charleston, South Carolina 29401

Primary Capital Source
  • Private Equity Funds
Alternative Capital Sources
  • Own Funds
  • Individual Investors
  • Single Capital Partner
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • Table Funding with Capital Partner
Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

80%

Our Team

Robert Baker

Fund Manager

Leah McMillan

Administrator

Get In Touch

Coastal Equity Group pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$50,000

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Contact This Lender

Contact Coastal Equity Group by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

Send an email to Coastal Equity Group