COASTLINE CAPITAL FUND MANAGEMENT
Coastline Capital Fund Management, LLC (“CCFM”), is headquartered in Chino Hills, California, and was founded by Sean Irwin and Andy Mirza as an asset acquisition and management company focused on the residential non-performing loan market in 2016.
Over the past 10 years, Affiliates of CCFM have spent considerable time and resources to develop very close relationships with large private equity funds and hedge funds that receive large pools of non-performing mortgage notes (each a “NPN”). This enables CCFM to have a “first look” capability and exclusive access to a large number of NPNs before the pools are broken up into smaller groups to sell down the line to smaller hedge funds and individual investors. Our strategy is to use CCFM’s “preferred” access to buy NPNs at better discounts than those that may be available to individual investors and smaller capital funds.
(Read 3 Things You Need When Buying Real Estate Notes (from Hedgefunds) to get an idea how we have the access that we do.)
Mr. Irwin and Mr. Mirza have a proven track record of sifting through note pools for sale to find the NPNs that have the best chances for the highest profitable outcomes. They have a hands on approach in every aspect of trading and managing NPN’s, which includes acquisitions, due diligence, negotiations, servicing, management, maintaining vendor relationships, and disposition of real estate owned.
The NPN trading environment is small and those active in it tend to know all of the other active players. One’s reputation matters greatly. Failure to complete trades and/or acting without integrity can ruin your ability to do business. CCFM benefits from an excellent reputation of consistently and reliably completing negotiated trades and acting with the utmost integrity.
With this preferred access CCFM can buy NPN’s at better discounts than those available to individual investors and smaller capital funds. CCFM can sell seasoned re-performing notes to banks and institutional investors through this same network for a premium.
Chief Executive Officer
In 2011, Sean Irwin founded Coastline Capital Group, LLC (CCG) as an asset management company that focused on the residential non-performing loan market. Currently headquartered in Lehi, Utah.
Mr. Irwin has traded in excess of $250 million in Unpaid Principal Balance (UPB) worth of Non-Performing Notes since 2007.
CCFM and affiliates currentlymanage approximately $7.3 million of non-performing and re-performing loans, rental properties and REO properties.
Mr. Irwin has a hands on approach in every aspect of trading and managing NPN’s, which includes acquisitions, due diligence, negotiations, servicing, management, maintaining vendor relationships, and disposition of real estate owned.
Chief Operating Officer
Andy Mirza has been working with Mr. Irwin in buying, selling, and liquidating Non-Performing Notes since 2014. Andy focuses on the active management of NPN’s and keeping fast moving timelines towards the various liquidation outcomes.
He is an experienced trustee sale buyer and real estate investor. In 2012, Mr. Mirza and a partner founded Empire Quality Rentals LLC with the idea of acquiring rental properties at the bottom of the local Southern California real estate market.
Mr. Mirza handled all operations from identifying target properties, acquisitions (mostly through trustee sales), occupant transitions, initiating and overseeing property rehabilitation, and transition to a property management company.
He manages a portfolio of 19 properties with a current market value of $3.2 million.
Since 2012, Mr. Mirza has conducted 40 “fix and flip” transactions involving condos, mobile homes, and single family residences.
He has held his California Real Estate Agent’s License since 2010.