Grand Coast Capital Group

About Grand Coast Capital Group

Grand Coast Capital Group is a Quincy, MA based private lending and investment firm that provides creative financing solutions to local real estate investors, operators, and developers across the country.We offer loans for a variety of situations, including commercial loans, fix and flip loans, and hard money bridge loans. Their loan guidelines are flexible, including loan amounts ranging from $100,000 to $3,000,000 with a maximum LTV of 90% and terms up to 1 year. They will lend funds to all borrowers based on the value of the property but also require a minimum FICO score of 600. They make loans on all of the following types of properties: single family residences, multi family residences, apartments, offices, retail units, mixed use buildings, and industrial facilities.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial

Areas Served: National

Lending Guidelines for Grand Coast Capital Group

Below are the general loan guidelines published on the Grand Coast Capital Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Grand Coast Capital Group.

Loan Example 1

Ben finds a townhouse in Boston, MA to rehab and resell. Since he does not have enough cash to purchase the $330,000 project outright, he decides to take out a fix-and-flip loan from Grand Coast Capital Group. The borrower will need to bring 15% of the sales price in cash to the closing based on a 85% loan to value set by the lender. This makes the principle note from Grand Coast Capital Group $280,500. The terms of the loan also include a four percent origination fee which is to be paid at the closing and a 18 month, interest-only note with a 14% rate of interest.

In accordance with the parameters of the deal, Ben will need to pay a $11,220 origination fee in addition to 15% of the sales price, or $49,500, since there is a 85% LTV. After the deal closes, he will have to pay Grand Coast Capital Group $3,273 in monthly interest fees, or 14% multiplied times $280,500 divided by 12 months in a year. Ben's plan is to complete the house within the 18 months and resell it for $478,500. If he succeeds he will earn a total profit of $78,375 ($478,500 sales price - $280,500 principle - $49,500 cash paid at closing - $11,220 origination points - $58,905 in total interest paid.

Loan Example 2

Darren finds a house in Boston, MA to renovate and sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Grand Coast Capital Group with the following parameters:

$230,000 purchase price
70% loan to value (LTV)
6 month term
13% interest rate
3% origination fee

Darren intends to list the project at the end of the term for $345,000. If he achieves this goal, the outcome will be as follows:

$345,000 sales price
- $161,000 note principle (70% LTV)
- $69,000 down payment (30% on 70% LTV)
- $4,830 origination points (3% of the $161,000 principle)
- $10,465 interest payments (6 months x 13% interest)
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= $99,705 total profit (doesn't include taxes or renovation costs)

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