Funds Open for Investment:
This Fund opened to investors April 15, 2019 and will remain open until July 31, 2019, unless we close it sooner. The Fund offers an 8% Preferred Return and a 50% Profit Split to the Investor. Scroll down to read more or visit:
Interested in Investing in Notes through an Investment Fund?
Coastline Capital Fund II was open to Accredited and Non-Accredited investors. Future Funds will most likely be open to Accredited Investors only because we want to be able to do general solicitation and the only exemption available to us is Reg D, 506(c). We apologize to those who are not Accredited investors who would like to invest in a Fund such as ours but we are at the mercy of the SEC on this one.
Click here to learn what qualifies one as an Accredited Investor.
CCFM is nimble, more responsive, and more attentive to the NPNs it controls, thereby making better choices for exit strategies to maximize the profits of each of the notes, unlike complicated, slower-moving, large investment companies. Exit strategies include foreclosing on the note and selling it at trustee sale, taking the property back after trustee sale as an REO, rehabbing it, and selling the property for retail, accepting a Deed in Lieu of Foreclosure and selling the property on the market, allow the borrower to conduct a short sale, or get the note to re-perform and sell to institutional investors after a proper amount of“seasoning.”
We have access to Coastline Capital Asset Management, LLC, an affiliated company focused on maximizing profits specifically for REO’s (“Real Estate Owned,” a common term for properties that lenders take possession of following a foreclosure.) CCAM is not the typical REO servicer that provides mediocre service and returns. CCAM gives each asset attention to detail, works to ensure that the right amount of renovations are made at a fair price, and gets full market value for the properties. It does this by establishing networks of real estate agents, contractors, and other vendors it finds through a proprietary REO management software platform.
Why Should you Invest with us?
You understand real estate, finance, and the current opportunity that the ongoing resolution of NPN’s represents.
You want to be able to invest in NPN’s, but don’t have the specialized knowledge, experience, time, relationships, and/or access to do so effectively and profitably.
Sean Irwin and Andy Mirza are honest men with integrity. We believe in doing the right thing and we treat people accordingly. We take our fiduciary duties seriously and will take great care of our investors’ money with the primary goals of maximizing profits and returning investors’ contributions and preferred returns as soon as possible.
Read below to find out more about our existing Fund and upcoming Fund Opportunities. Currently, we have no Funds open to investors but we hope to have some available by the end of Summer, 2018.
Non - Performing Note Funds
Coastline Capital Fund IV is an unregistered security issued under a Regulation D, 506(c) exemption and is available to Accredited Investors only. The Fund opened to investors April 15, 2019 and will remain open until July 31, 2019, unless we close it sooner. The Fund offers an 8% Preferred Return and a 50% Profit Split to the Investor. The Fund is a single purpose, non-leveraged, close-ended investment, designed to generate returns for its investors with a limited time commitment. The Fund will liquidate all assets within three years of the date that the Fund closes to new investors. To learn more about this opportunity, visit: https://coastlinecapitalfm.evesttech.net
Coastline Capital Fund III
Coastline Capital Fund III raised $1,590,000 and closed to new investors in December, 2018. The Fund purchased 12 first position, non-performing notes with $2,418,881 in Unpaid Principal Balance (“UPB”), $3,123,021 in Total Collectible Debt, and $2,404,000 in Fair Market Value of collateralized property. The properties that secure these notes are located in Illinois (6), California (2), New Jersey (1), Tennessee (1), Texas (1), and Wisconsin (1).
All notes are proceeding toward liquidation.
For more information, visit our dedicated website and investor portal at www.coastlinecapitalfund3.com or clink on this link to see a webinar presentation that discussed investing in Coastline Capital Fund III.
Coastline Capital Fund II
Coastline Capital Fund II raised $550,000 and closed to new investors in December, 2017. The Fund purchased 5 first position, non-performing loans with $707,433 in Unpaid Principal Balance (“UPB”), $831,396 in Total Collectible Debt, and $918,900 in Fair Market Value of collateralized property. The properties that secured these notes were located in North Carolina (2), California (1), Illinois (1), and Oklahoma (1).
The Fund began making payments to investors in September, 2018, and returned an IRR of 9.7% to the investors. (One of the five notes incurred a loss because the property, located in New Bern, NC sustained significant flood damage from Hurricane Florence (a “1,000 year event”) in September, 2018; if this note had a “normal” outcome, the IRR to investors would have been 17.4%.
The Fund fully liquidated in March, 2019.
Performing Note Funds
We plan on opening a performing note fund later this year. Let us know if you’re interested in investing in this type of Fund and we’ll keep you updated.