Frequently Asked Questions

 

Q. Can Coastal Funding Fund deals in all 50 states?
A. YES!

Q. Does Coastal provide funding for the end buyer? “B” to “C” Transaction?
A. No! We only fund the “A” to “B” transaction

Q. Can Coastal provide funds for rehabbing?
A. NO! We only fund Back-to-Back transactions

Q. Do I have to pay anything if my deal doesn’t close?
A. NO! Only if the deal closes!

Q. Can I use my own Title Company?
A. YES!

Q. Can Coastal Funding provide me with a title company if I don’t have one?
A. YES! We have a number of local title companies to offer as well as a nationwide title company.

Q. Can I use two different Title Companies for closing each deal?
A. NO! Both closings must be at same title company!

Q. Will Coastal Funding provide me with Proof Of Funds letter for all my deals?
A. YES!

Q. Can I use a Land Trusts in a Back-to-Back Closing?
A. YES! However, very few title companies are allowing the use of land trust in a short sale flip.

Q. Will Coastal still fund my deals if I have bad credit?
A. YES! Funding is based on having end buyer in place!

Q. Can I use my company name to purchase the property? LLC, Inc, etc.
A. YES! We recommend that you do

Q. Can I get funding for REO properties?
A. YES! We fund any real estate transaction in a Back-to-Back Closing!

Q. Does Coastal Funding cover the closing cost as well?
A. YES! We fund 100% of the amount required to close the “A” to “B” transaction

Q. Will Coastal Funding provide funds for earnest money or option money?
A. NO! This is required by “B” the investor

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