Asset Based Loans on Business Purpose Real Estate
- Loan Amounts: $25,000 to $250,000
- Origination Fees: 1 to 3 points with a minimum of $2000
- Serving Location: State of California only
- Purpose: Business Purpose and Investment Purpose only
- Types: SFR Rentals, Multifamily, SFR Additions For Non Owner Occupied Uses, Light Commercial & Retail, Land.
- Fix Loan Term: 6 months to 18 months
- Rates: from 9% up to 18%
- Loan to Value: 65% with some exceptions
- Loan to Cost: Up to 80% with hold back for exceptions
- No minimum credit score. Low FICO credit score okay
Get Approved in hours
Ready to get started?
Coastal Capital Simple Process
What We Finance
We originate and acquire loans with initial balances from $25,000 to $250,000 secured by first and second mortgage liens on income-producing and/or owner/user commercial properties that include:
Single Family Residence Rental
Non-owner occupied residential rental properties with 1-4 units.
Traditional apartment buildings, condominiums and other residential properties with 5+ units.
Single Family Residence Additions For Non Owner Occupied Uses.
Commercial properties occupied by professional or business offices.
Short-term loans for acquiring and improving commercial land.