Grand Coast Capital Group

Phone:  (857) 206-6464

Address: 350 Lincoln Street, Suite #2503 Hingham, MA 02043

Website: http://www.grandcoastcapital.com/

Email: contact@grandcoastcapital.com

States They Lend In: All 50

Welcome to Grand Coast Capital

 

Grand Coast Capital Group is a national private lending firm based in Boston, MA that provides creative, short-term financing to real estate investors, builders, and developers across the country. As a direct lender, Grand Coast has the ability to analyze and fund loan requests very quickly in order to meet time-sensitive transactions.

 

Grand Coast finances residential, commercial, industrial, and multi-family properties as well as entitled land, with a primary emphasis on 1-4 unit residential properties. We do lend in all 50 states, but with a particular focus on the Northeast Region and Southern California, in addition to targeting experienced local investors and operators in their perspective markets.

Grand Coast targets lending opportunities that do not necessarily fit within the parameters of conventional bank financing either due to time constraints, complexity, or value-added nature of the transaction. We primarily make first-position mortgage loans with a maximum loan-to-value of 75%. Our typical loan size ranges from $100,000 — $3,000,000.

 

With over 40 years of real estate investment and development experience, Grand Coast understands the importance of having a reliable and creative source of capital, and we strive to be the preferred private lender of choice for seasoned local real estate investors.

 

Grand Coast Capital Group strives to be the private lender of choice for real estate investors when timely execution and creativity are a must. Grand Coast provides a source of short-term financing for real estate investors, builders, operators, and developers to accomplish their immediate real estate goals. Grand Coast offers several different financing options for real estate investors, but typically fall within one of the following categories:

 

Renovation Loans

Renovation loans are typically made to real estate investors focusing on purchasing, rehabbing, and selling residential properties, primarily either single-family or 1- 4 unit residential properties.

 

Bridge Loans

Bridge loans are for residential and commercial properties that need little or no repairs or improvements. Rather, a real estate investor utilizes Grand Coast to provide short-term financing to bridge the timing until the sale of the property to an end buyer and recapitalize with conventional bank financing.

 

Construction/Development Loans

Construction loans are provided to very experienced local builders and developers on entitled land in order to finance the construction and development of their project. Grand Coast typically only considers these types of loans in their local markets of Southern California and Massachusetts.

 

Loan Size: $100,000 – $3,000,000

 

Loan-to-Cost (Purchase + Rehab): Up to 80%

 

Loan Term: 3 months – 24 months

 

Prepayment: Typically no prepayment penalty after minimum lockout period of 3 months

 

Recourse: Borrower must personally guarantee the loan

 

Costs: Borrower responsible for all due diligence, legal, closing & other costs

 

Construction: Construction draws are released to borrower upon successful completion of on-site inspection and Grand Coast’s receipt and approval of relevant information

 

Borrower: Must close in LLC, Corp or Trust – not individually