Coastal Agency Benefits
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Licensed throughout California -
Fast and transparent communication -
In-house subject matter experts -
Broad spectrum of loan programs -
Best interest rate and terms on the market
Commercial Real Estate
Residential Real Estate
The Coastal Agency provides access to powerful and flexible commercial real estate loans that empower individuals and businesses to finance hotels, industrial, land, multi-family, office, and retail properties.
Purchase
Refinance
Getting a loan to purchase commercial real estate can be a crucial strategy in ownership and investments. It enables entrepreneurs and businesses to benefit from leasing revenue and potential property appreciation without investing the entire purchase amount with their funds. Typically, loan interest payments are tax deductible, providing an additional financial incentive to reduce taxable income.
Permanent Loan
Long-term financing is available for physically complete properties that have reached a level of leasing indicative of market demand and can generate stable cash flow. Suitable for various properties, including office buildings, warehouses, light industrial, and retail properties.
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Downpayment: As low as 20%
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Loan limit: $500K to $10M
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Terms: 5 to 10 years
Bridge Loan
Short-term financing for an opportunity that requires a quick close and does not allow enough time for a traditional lender to complete underwriting. Or it wouldn't be in your best interest to initially get a long-term loan on a property that needs improvement to bring it to its highest and best use.
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Downpayment: As low as 20%
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Loan limit: As high as 75% of equity
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Terms: 12 to 24 months
SBA Loan
A low down payment and flexible use loan option for business owners, guaranteed by the U.S. Small Business Administration (SBA) to acquire, construct, or renovate commercial real estate. The underlying cash flow of the business is the significant approval factor versus the property.
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Downpayment: As low as 10%
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Loan limit: As high as $5M
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Terms: Up to 25 years
CRE Purchase Roadmap
Connect with an advisor
- Determine your goals
- Assess your finances
- Create financing or business plan
Get a letter of interest (prequalify)
- Complete loan application
- Select lender and mortgage
- Review loan estimate
Make an offer
- Work with a buyer’s agent
- Find a property
- Get your offer accepted
Underwriting
- Receive conditional approval
- Property and environmental reports
- Submit final documents
Closing
- Receive final approval
- Review and sign closing documents
- Funding
Refinancing a commercial real estate loan can offer several benefits for property owners, including securing a lower interest rate, improving cash flow, and extending loan terms. This can help mitigate financial risks by adjusting the loan structure to align with your current and future goals. Owners can also utilize a refinance to consolidate multiple loans and debt into a single, more manageable loan. Further, a cash-out refinance allows access to the property’s equity for renovations, expansions, or other investment opportunities.
Cash-Out Refi
Convert equity to cash if the property's net income can support a larger loan. A cash out-refi will allow you to access the equity to meet your financial goals and for strategic reasons. A lender will want to see you evaluate the costs and risks to make a sound decision and generally authorize the loan.
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Debt consolidation
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Improved cash flow
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Reinvestments opportunities
Rate & Term Refi
Having to pay a balloon payment may not align with your long-term financial goals. Choose a rate & term refi as an opportunity to modify your loan tenure and holding period, convert from an adjustable-rate mortgage (ARM) for an interest rate reduction, or build equity in the property more quickly.
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Improved cash flow
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Shorter or longer term
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Stability and predictability
CRE Refinance Roadmap
Connect with an advisor
- Determine your goals
- Assess your finances
- Create financing or business plan
Get a letter of interest (prequalify)
- Complete loan application
- Select lender and mortgage
- Review loan estimate
Hold steady
- Don’t apply for new credit
- Don’t change job / business
- Don’t spend reserves
Underwriting
- Receive conditional approval
- Property and environmental reports
- Submit final documents
Closing
- Receive final approval
- Review and sign closing documents
- Loan payoff and funding
The Coastal Agency offers a range of mortgage products in California essential for making homeownership achievable, providing financial leverage for property investment, and creating opportunities to build equity over time.
Purchase
Refinance
Home Equity
Getting a loan to purchase residential real estate can be a crucial strategy in homeownership and investments. It enables individuals to benefit from potential property appreciation without investing the entire purchase amount with their funds. Typically, mortgage interest payments are tax deductible, providing an additional financial incentive to reduce taxable income.
30-Year or 15-Year Fixed Rate
A conventional loan in which the monthly payments remain the same throughout the life of the loan. With a 30-year-fixed-rate mortgage, your monthly principal and interest payments are lower than on a 15-year fixed-rate loan. But, a 15-year loan allows you to repay your loan twice as fast and have significant interest savings.
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Minimum FICO score: 620+
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Downpayment: As low as 3%
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Loan limit: Up to county limit
5, 7 or 10 Year Adjustable Rate Mortgage (ARM).
Is a type of loan with an interest rate that can change periodically. This means the payment can go up or down. Generally, these changes are determined by a margin and an index so that changes in the interest rate are based on current market conditions. Most often these interest rate charges are limited by periodic and lifetime rate change caps.
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Minimum FICO score: 620+
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Downpayment: As low as 5%
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Loan limit: $125K up to county limit
Jumbo
fixed or adjustable rate financing option for wellqualified buyers who need to purchase a high-value home that exceeds the conventional county loan limit. You can use this program to buy a primary residence, vacation home, or investment property. However, higher loan amounts may have reduced tax benefits, and you should consult a professional accountant.
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Minimum FICO score: 680+
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Downpayment: As low as 10%
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Loan limit: As high as $3.5M
FHA
A government-backed, fixed-rate loan to help borrowers who may not qualify for conventional financing. The program offers competitive interest rates and less stringent guidelines, allowing borrowers with debt and low credit scores to buy a home with a low down payment. However, additional monthly mortgage insurance payments are required.
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Minimum FICO score: 500+
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Downpayment: As low as 3.5%
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Loan limit: Up to county limit
Bank Statements
An option for self-employed and high net-worth individuals who cannot document their income with tax returns to meet the stringent documentation requirements of traditional lenders. You can use between 12 and 24 months of combined personal and business bank statements to qualify for a fixed or adjustable-rate mortgage.
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Minimum FICO score: 600+
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Downpayment: As low as 10%
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Loan limit: As high as $4M
Debt Service Coverage Ratio (DSCR)
Designed to provide greater flexibility and control for real estate investors and property owners. Unlike traditional mortgages that focus primarily on the financial ability and credit rating of the borrower, the DSCR program looks at the cash flow of the property to determine the ability to repay the fixed or adjustablerate loan.
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Minimum FICO score: 620+
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Downpayment: As low as 20%
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Loan limit: As high as $3M
Residential Purchase Roadmap
Connect with an advisor
- Assess your finances
- Calculate your buying power
- Obtain a prequalification
Get preapproved
- Complete loan application
- Select lender and mortgage
- Review loan estimate and lock rate
Make an offer
- Find a property
- Home appraisal
- Get your offer accepted
Underwriting
- Receive conditional approval
- Home appraisal
- Submit final documents
Closing
- Receive final approval
- Review and sign closing documents
- Funding
Refinance loans can be helpful for various reasons. They provide homeowners with financial flexibility and potential benefits, including securing a lower interest rate, reducing monthly payments, and switching loan programs and terms to save overall interest costs. Homeowners can also utilize a refinance to consolidate high-interest debt, such as credit cards and personal loans, or a cash-out refinance to convert equity into cash for home improvements, education, and unexpected financial needs.
Cash-Out Refinance
A way to both refinance your mortgage and borrow money at the same time. You refinance your mortgage and receive a check at closing. The balance owed on your new mortgage will be higher than your old one by the amount of that check, plus any closing costs rolled into the loan.
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Debt consolidation
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Home improvement
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Expenses and investments
Variable to Fixed Rate
In times of economic uncertainty or market volatility, a fixed-rate mortgage offers security, as your mortgage payments remain unaffected by external economic factors. Knowing that your mortgage payments won’t change due to interest rate fluctuations can reduce financial stress.
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Payment stability
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Protection against rate increases
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Potential long-term savings
Lower Your Payment
Refinancing your mortgage to take advantage of lower interest rates is one way to lower your monthly payment. In some cases, a lower interest rate may also be associated with the option to extend the mortgage term. The borrower should consider an evaluation between more interest over the life of the loan and monthly financial relief.
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Increase cash flow
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Extend loan term
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Manage affordability
Shorter Term Mortgage
Refinancing your mortgage to take advantage of lower interest rates is one way to lower your monthly payment. You’ll need adequate home equity to qualify for a refinance and consider your future income stability. Equity is the market value of your home minus what you still owe on the mortgage.
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Interest savings
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Faster equity building
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Meet long term goals
Residential Refinance Roadmap
Connect with an advisor
- Determine your goals
- Assess your finances
- Obtain a prequalification
Get preapproved
- Complete loan application
- Select lender and mortgage
- Review loan estimate and lock rate
Hold steady
- Don’t apply for new credit
- Don’t change job / business
- Don’t spend reserves
Underwriting
- Receive conditional approval
- Home appraisal
- Submit final documents
Closing
- Receive final approval
- Review and sign closing documents
- Loan payoff and funding
Unlike other types of loans designated for specific purposes, a home equity loan typically allows you to use the funds for any purpose, giving you flexibility in managing your finances. For example, using a loan for home improvements can increase the value of your property, which can be beneficial if you plan to sell your home in the future. These loans often offer longer repayment terms than other loan programs, which can result in more manageable monthly payments.
Home Equity Loans (Second Loans)
Borrow against the equity in your home and receive a lump sum of money that you can use to renovate, cover major expenses, or consolidate debt. On average, home equity loans offer lower fixed rates and longer repayment terms than personal loans, student loans, or credit cards.
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Flexible use of funds
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Fixed interest rate
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Extended repayment plan
Home Equity Line of Credit (HELOC)
A revolving credit line that allows you to borrow as much as you need up to your credit limit. Typically, with an adjustable percentage rate with options to lock in all or a portion of your line at a fixed rate. During the draw period (5 to 10 years), you may only have to make interest payments for better cash flow management.
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Flexible access to funds
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Interest only payments
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Use for various purposes
Home Equity Roadmap
Connect with an advisor
- Determine your goals
- Assess your finances and home equity
- Obtain a prequalification
Get a preapproval
- Complete loan application
- Select lender and mortgage
- Review loan estimate and lock rate
Hold steady
- Don’t apply for new credit
- Don’t change job / business
- Don’t spend reserves
Underwriting
- Receive conditional approval
- Home appraisal
- Submit final documents
Closing
- Receive final approval
- Review and sign closing documents
- Access funds