Huntington Coast Capital

About Huntington Coast Capital

Huntington Coast Capital is hard money lender based in Huntington Beach, CA. They offer loans throughout the country. They offer short term loans, cash out hard money loans, commercial loans, and builder loans. They offer loan amounts ranging from $100,000 to $10,000,000. They require a minimum FICO rating of 670 to receive a loan. They make loans on all of the following types of properties: multi family, apartments, office units, retail storefronts, hotels/motels, storage facilities, senior communities, mixed use, warehouses, industrial buildings, medical buildings, undeveloped land, and churches.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church

Areas Served: National

Lending Guidelines for Huntington Coast Capital

Below are the general loan guidelines published on the Huntington Coast Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Huntington Coast Capital.

Loan Example 1

In order to purchase a new office space for her small business, Maryann looks to Huntington Coast Capital to fund her acquisition with a commercial private money loan because she cannot secure a conforming loan from a bank. Because the borrower and lender contract to a 50% loan-to-value (LTV), Maryann will bring $100,000 at the closing and the principle will be $100,000 since the cost of the property is $200,000. The deal also specifies a 6 month length, a 11% rate of interest, interest-only payments paid each month with a balloon payment at the end of the note (with no pre-payment penalty), and a 2 point origination charge. By the parameters of this deal, Maryann will be required to pay an origination charge of $2,000 at closing (2% x $100,000 principle value) and will then start making payments of $917 per month ($100,000 principle value x 11% interest / 12 months per year). she will also make a balloon payment of the $100,000 principle value upon expiration of the note, or before if she decides.

Loan Example 2

Huntington Coast Capital issues a hard money bridge loan to Mayra for a remodeling project in San Bernardino, CA. The deal includes the following:

$210,000 sales price
75% loan-to-value (LTV)
12 month term
11% rate of interest
2% origination fee

If Mayra succeeds in her goal of a $304,500 sales price, the numbers of the deal will be as follows:

$304,500 sales price
- $157,500 principle (75% LTV)
- $52,500 cash paid at closing (25% on 75% LTV)
- $3,150 origination points (2% of the $157,500 principle)
- $17,325 interest payments (12 months x 11% interest)
-----------------------
= $74,025 total profit (doesn't include taxes or rehab costs)

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