Huntington Coast Capital came to the aid of our client with a creative fix and flip loan solution! The client was on the brink of foreclosure and needed a creative fix and flip loan solution quickly!
The borrower owned two high end properties with the intention of renovating and selling them. Work had begun with a local contractor and the improvement plans were on schedule.
After some initial work had been completed, the general contractor walked out on the job on both properties prior to all improvements being completed. This placed the owner in to a dire situation. Unable to complete the project and having paid the contractor his remaining cash reserves, the properties went in to default. Most projects in this predicament would most certainly be headed for foreclosure.
Huntington Coast Capital was able to secure a lender that not only had the funds to rescue the project, but also had a familiarity with the area and realized the demand for homebuying in the neighborhood. As a added value, the lender was able to bring in a general contractor they were comfortable with to complete the project. This emergency situation was solved! The client is now looking forward to completing these two projects as well as future opportunities moving forward.
Do you have a residential or commercial fix and flip loan need? Call us at 844-239-2632!
About Huntington Coast Capital.
Huntington Coast Capital secures funding for companies in a broad base of industries. Our clients come to us to find a more flexible lending partner to meet their growth needs. Many are declined by the bank and are in need of a more creative and entrepreneurial funding solution.
We consult on a wide range of funding options for business owners throughout the United States in the following areas:
- Supply chain financing
- Equipment loans and lease programs (learn more about our equipment loan platform offered through our subsidiary)
- Lines of credit for working capital needs
- Term loans for marketing, hiring staff and general expansion needs
- Factoring services for accounts receivable financing that also provides for back office credit and collection functions
- Purchase order financing
- Asset based loans
- Business acquisition financing
- Inventory financing
- Private commercial real estate bridge loans
- SBA loans for business and real estate needs
Whether you are a startup or established, in need of $100,000 or $10,000,000 we have the capital partners to meet your needs.
Contact us to see how we can assist in taking your business to the next level. To your success!
BRE License #: 02090967