We are committed to helping borrowers leverage their real estate holdings through creative, efficient, and flexible loan programs.
Eligible properties:
-Residential homes and condominiums
-Vacant land
-Multi-family residential
-Commerical properties
-Construction Projects
Funding Criteria:
Maximum 65% loan to value ratio(LTV)
Personal guarantee by borrower
Term between 12 and 60 months
Interest-only payments with balloon payment at maturity
We will need a few items to evaluate your loan application.
Credit and Verification Authorization
- Articles of organization (LLC, Corp. or Partnership only)
- Operating agreement (LLC, Corp or Partnership only)
- Current schedule of real estate owned
- Most recent federal income tax return
- Most recent appraisal if available
- Building plans (construction only)
- Construction cost breakdown (construction only)
Intercoastal focuses on an evaluation of the assets intended to secure the loan
We use licensed real estate appraisers who specialize in property similar to what you plan to use as collateral. We work with all types of appraisers, including specialists in agricultural, hospitality, multi-unit residential and industrial uses.
Depending on the type and location of the property, among other factors, Intercoastal may need additional reviews, including potential environmental assessments.
We will review a title report detailing ownership, liens, encumbrances, easements or other items that may affect the property’s marketability.
Intercoastal looks forward to reviewing your application and potentially funding your loan
Please complete the broker referral summary and submit via fax or email for consideration. To fax send to 786-221-9421 or email the form to info@intercoastalmortgage.com
We will review your submission within one to two days, after which one of our lending officers will contact you.
If you would like to discuss the criteria or application process, we encourage you to call usfor more information. 305-491-2018
