Grand Coast is able to provide attractive current returns to our investors, with particular emphasis on capital preservation.
Boston, MA (PRWEB) November 21, 2013
Grand Coast Capital Group, a real estate finance and investment firm based in Boston, MA, recently announced the launch of its first proprietary real estate private lending fund, Grand Coast Capital Fund I (the “Fund”). Grand Coast has received strong initial interest from investors and has raised over $5.0 million in commitments.
Grand Coast is headquartered in Boston, MA and led by Jeff Carter, as well as Paul Esajian, Than Merrill, & Konrad Sopielnikow out of San Diego, CA, who have been featured on the hit A&E television show “Flip This House.” In 2010 Carter, who has over nine years of experience in institutional real estate and investing, identified an increasing demand for private mortgage lending in the small market. This area of the market, defined as loan values under $2 million, was being underserved by conventional banks that have undergone significant constraints in their lending abilities and process. Grand Coast fills this market void by providing private lending options to investors, developers and owner operators in a quick and reliable fashion. “We provide creative financing solutions for our borrowers to successfully invest in great real estate opportunities,” said Carter. “This allows our borrowers to remain active in their local real estate market and capitalize on the tailwinds driving real estate markets across the country.”
The open ended Fund provides investors attractive current returns on their invested capital while being secured by 1st position mortgages on real estate assets. The Principals consider this a low risk investment for investors because of their disciplined underwriting strategy and lending track record, which includes over $50 million in private loans since 2007. Carter said, “In the current low interest rate environment, Grand Coast is able to provide attractive current returns to our investors, with particular emphasis on capital preservation.”
About Grand Coast Capital Group:
Grand Coast Capital Group was formed in 2013 after two years of collaborative analysis and due diligence amongst the Principals, a cohesive team with over 40 years of combined experience in real estate, lending, development and commercial investments. The Fund’s investment objectives are to create a diversified portfolio of small balance real estate loans that provide capital preservation and strong risk-adjusted returns. Grand Coast accepts accredited investors only. For more information, please visit http://www.grandcoastcapital.com.