national real estate lending and investment firm seeking a $100 million capital to lend to borrowers that renovate and flip residential and commercial real estate projects

Industry

Financial Services, Real Estate

Company Type

Real Estate Lending and Investment Company

Location

Massachusetts

Size

$100,000,000

Investment Type

Equity/Debt

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Helping Great Companies Grow

Overview

  • Grand Coast Capital Group, LLC (GC) is a specialty finance company that lends to developers on fix and flip single family homes​
  • Seeking $100+/- million of capital to finance future lending
  • Ability to lend in all 50 states​
  • To date, GC has successfully originated and funded over $230 million in loans​
  • Offices in Boston, MA and San Diego, CA​
  • Management team has extensive experience in the space​
    • 40+ years of combined real estate experience: $450M in commercial and residential acquisitions; 1,000 residential “fix and flips” projects; $200M in private real estate loans
    • expertise in all key disciplines, including finance, development, construction, management, due diligence, etc.
    • extensive network of real estate borrowers nationwide through their affiliated companies and existing relationships
GCFF Overview
Helping Great Companies Grow

Opportunity

  • Markets with highest home flipping rate
    • in Q2 2016, 5.5% (51,434) of all single family home and condo sales were flips, a 14% increase from the previous quarter and up 3% from a year ago to the highest rate of home flips since Q2 2010 – a six-year high
  • Gross flipping profit increases to new all-time high
    • homes flipped in Q2 2016 sold on average for $189,000, a 48.8% increase from the previous quarter, up from a 47.5% average gross flipping ROI in Q2 2015
  • Markets with highest gross flipping profits
    • home flippers are realizing a much bigger gross ROI in 2016, averaging 49% in the first two quarters compared to an average gross ROI of just 27% in 2006
  • Traditional financing institutions lack required flexibility
    • bank loans require low LTV and high debt service coverage ratio
    • entrepreneurs and investors seek alternatives to banks – longer term loans; streamlined process
Helping Great Companies Grow

Solution/Strategy

  • Repeat Business/Long Term Relationship
    • identify borrowers with correct “mindset” – passionate, hard-working, honest, high integrity
    • preferred capital provider for smaller, successful operators that have consistent deal flow in their local market
  • Win-Win Strategy
    • all parties involved in the transaction (borrower, lender, broker, etc.) benefit from the transaction
    • verify borrower makes a sufficient profit in downside scenario and ability to payoff loan
  • Not a “Loan-To-Own” Lender
    • lend on transactions with successful operators that have consistent deal flow in their local market with a viable exit strategy
  • Borrower Profile
    • experienced with proven track record
    • local operator with strong market knowledge and expertise
  • Underwriting

    • emphasis on LTV and LTC
    • seek to stay below 70% LTV
    • ability to service the debt
    • viable exit strategy
Helping Great Companies Grow

Management

Jeff Carter

CEO/Founder

(857) 254-1609

jeff@grandcoastcapital.com

  • Over ten years of experience in the real estate and investment sector – total real estate acquisition value in excess of $400 million.
  • Prior to co-founding Grand Coast Capital Group, spent the last 3.5 years as a principal and Managing Partner at Triad Alpha Partners, where he focused on multi-family development and commercial investment.
  • Previously, Regional Director of Acquisitions for a real estate private equity firm that acquired and managed net-leased properties across the country. Oversees and manages all aspects of the business.
  • Masters in Finance from Suffolk University and BS from Vanderbilt University.

Paul Esajian

Managing Director

(857) 206-6464

paul@grandcoastcapital.com

  • Co-founded the firm in 2013 and brings 10+ years of real estate investment experience totaling over $200M in asset value
  • Works closely with Jeff in all aspects of the business, as well as serving on Investment Committee
  • Founded and currently manages as CFO CT Homes LLC and FortuneBuilders, Inc.
  • BS in Economics from University of California Davis

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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