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Coastal Equity Group describing itself
Coastal Equity Group
Charleston, SC·12 states
Coastal Equity Group primarily offers residential fix-and-flip loans, bridge loans, ground-up construction loans, and DSCR loans for qualifying borrowers, particularly repeat clients.
Loan programs
Term
12 mo – 18 mo
Maximum leverage
Max LTV 75%Max LTC 85%Max ARV 75%Max LTCV 75%
Maximum leverage
Max LTV 75%Max LTC 95%Max ARV 75%Max LTP 80%
Maximum leverage
Max LTV 75%Max LTC 95%Max ARV 75%Max LTP 85%
Maximum leverage
Max LTC 95%Max ARV 75%Max LTP 85%
Also offers— no published terms
Terms & qualification
- Typical loan size
- $250K – $5M
- Typical term
- 12 mo – 30 yr
- Interest rate
- 9.95% – 12%
- Origination / points
- 1.5% to 3.5%
- Minimum FICO
- 680
- Lien position
- 1st
- Prepayment penalty
- no
- Payment structure
- Interest Only
- Recourse
- Always
- Closing speed
- 7 days typical · 4 days fastest
- Cross-collateral
- No
- Equity / JV capital
- No
- Income documentation
- Credit Report, Bank Statements, Loan Application
- Borrower entity
- LLC, Limited Partnership, Corporation