Grand Coast has a distinct advantage in the short-term and buy-to-rent financing sector
(PRWEB) March 20, 2014
Jeff Carter, CEO and Co-Founder of Grand Coast Capital Group, recently spoke at the Single Family Housing Investment Forum in Santa Monica, CA. The second annual event, sponsored by FICON Events, highlighted several different aspects of the single family housing investment sector, including buy-to-rent, building, fix and flip strategies, as well as upcoming predictions for the market.
Carter, who spoke on the short-term financing panel, stated, “As we start to see more capital providers enter the single family market, in both the short-term and buy-to-rent financing sector, I believe it is important to maintain disciplined in strategy and valuing of assets. Grand Coast has a distinct advantage in the short-term financing space because of our extensive national network of borrowers that we have built over the last 10 years, as well as our experience being on both the investor/developer and the lender side of the transaction. The buy-to-rent sector is less management intensive and you have the added bonus of being able to securitize these loans, which is why you are seeing some of the large institutional capital providers enter this space. It is very difficult to successfully originate and manage small balance loans with less than a one year term, and get the scale that some of these firms require. From our perspective, it is a positive trend because it offers our borrowers an alternative exit option besides selling; they can now refinance us out and maintain the property as a rental.”
About Grand Coast Capital Group
Grand Coast Capital Group is a real estate financing and investment firm, based in Boston, MA, that provides creative financing for borrowers to successfully invest in real estate opportunities. Grand Coast launched their proprietary real estate private lending fund in September 2013 that seeks to create a diversified portfolio of small balance real estate loans that provide strong current returns while placing particular emphasis on capital preservation. Grand Coast accepts accredited investors only. For more information please visit http://www.grandcoastcapital.com.