Coastal Virginia Funding

What Coastal Virginia Funding does

Coastal Virginia Funding is a privately held, direct private lender headquartered in Virginia Beach, Virginia, founded in 2018. The company originates short-term, asset-based mortgage loans on non-owner-occupied residential investment properties, targeting real estate investors, fix-and-flip operators, and small builders across Hampton Roads, Richmond, Fredericksburg, Northern Virginia, Maryland, and Washington DC. Its product suite includes fix-and-flip loans, land and construction loans (including 100% land and construction financing for stick-built or modular homes), bridge loans, and unlimited cash-out refinances, with terms of up to 70% LTV of after-repaired value on 6-month balloon notes.

The lender's underwriting is asset-driven rather than credit-driven: no income documentation, tax returns, bank statements, or credit reports are required, and loans carry no prepayment penalties, points, or application/appraisal/inspection/junk fees. Closings can reportedly be completed within 48 hours of approval and clear title. The company operates as a sales-led business through named loan officers and account executives, with a self-reported origination run-rate of $60 million+ of private capital mortgages annually and 50+ years of combined private lending experience among its team. A credit authorization form references Commercial Lending, LLC as the parent/credit-reporting entity, and the company has assembled a network of at least eight regional title and settlement partners to support closings across its Mid-Atlantic footprint.

The business model relies on net interest spread earned on originated loans rather than fee revenue, given the explicit no-points, no-fees positioning. Revenue is generated transaction-by-transaction, with no minimum loan amount, and is concentrated in a single customer vertical (real estate investors), making the operation tightly correlated with regional housing transaction velocity and investor activity. There is no disclosed technology platform, app, or API, and the company does not advertise AI-driven underwriting or servicing capabilities.

Name

Coastal Virginia Funding

Legal name

Coastal Virginia Funding

Website

https://coastalvirginiafunding.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Coastal Virginia Funding is a Virginia Beach-based direct private lender founded in 2018 that originates fix-and-flip, bridge, land/construction, and cash-out refinance loans for real estate investors across Virginia, Maryland, and Washington DC.

Ownership category

akta.pro rank

Product category

Private Real Estate Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI)

akta.pro secondary industry

Spec/Tract Builder Construction Financing (FSALAHAC)

Keywords

• Fix and flip loans
• Private real estate lending
• Bridge loan financing
• Hard money lending
• Cash-out refinance

Headquarters

HQ city

Virginia Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Private Lending - Fix and Flip Loans: Coastal Virginia Funding generates revenue through private mortgage lending for real estate investment properties. They offer fix and flip loans, bridge loans, and cash-out refinances with terms including up to 70% LTV of after repaired value, 6-month balloon notes, and escrowed rehab/construction funds released on a draw schedule.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Coastal Virginia Funding is a direct private lender that originates short-term, asset-based loans to real estate investors for non-owner-occupied residential investment properties. Core products include Fix and Flip Loans, Land and Construction Loans, Bridge Loans, and unlimited Cash-Out Refinances, with terms up to 70% LTV of after-repaired value, no income/credit documentation, and closings within 48 hours of approval.

Product overview

Coastal Virginia Funding operates as a private direct lender offering a suite of niche real estate financing products. The core offerings include Fix and Flip Loans for residential investment properties, Land and Construction Loans for new build projects, Bridge Loans for short-term capital needs, and Cash-Out Refinance products. All products share common features: no prepayment penalties, no income documentation requirements, no credit checks, and no application fees. The company targets real estate investors in the Virginia, Maryland, and DC areas with loan terms up to 70% LTV of after-repaired value on 6-month balloon notes.

Differentiator

Problem solved

Functional benefit

Products and services

• Fix and Flip Loans Short-term financing for single-family residential real estate investment properties, with underwriting based primarily on property value rather than borrower financial documentation, targeted at fix-and-flip investors.
• Land and Construction Loans Financing for land acquisition, construction, and closing costs for small single-family residential construction projects, including stick-built or modular homes, with escrowed rehab/construction funds released on a draw schedule.
• Bridge Loans Short-term financing solutions to bridge capital needs for real estate transactions, with terms up to 70% LTV of after-repaired value on 6-month balloon notes and no prepayment penalties.
• Cash-Out Refinance Unlimited cash-out refinancing options for non-owner-occupied properties, with no prepayment penalties, no income documentation, and no credit checks required.

Quantifiable outcome

• Closings can be completed within 48 hours once approval is given and clear title is established

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor.

• Champion TitleminorOthersTitle company partner for settlement services in Virginia, Maryland, and DC areas. Listed as settlement choice option on loan request forms.
• Brennan TitleminorOthersTitle company partner for settlement services in Virginia, Maryland, and DC areas.
• Atlantic TitleminorOthersTitle company partner for settlement services in Virginia, Maryland, and DC areas.
• RGS TitleminorOthersTitle company partner for settlement services in Virginia, Maryland, and DC areas.
• Northstar SettlementsminorOthersTitle company partner for settlement services in Virginia and Maryland areas.
• Caplan Law GroupminorOthersTitle and settlement services partner for Tidewater area transactions.
• Shaffer TitleminorOthersTitle company partner for Tidewater area settlements.
• True North TitleminorOthersTitle company partner for Tidewater area settlements.
• Commercial Lending, LLCminorOthersParent company referenced in credit authorization forms. Coastal Virginia Funding conducts business as Commercial Lending, LLC for credit reporting and lending operations.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Groundfloor: Groundfloor originates short-term debt for residential real estate projects and is a peer in the private fix-and-flip lending space. Differentiated by a crowdfunded model, but competes for the same underlying investor-borrower market.
• Kiavi: Kiavi (formerly LendingHome) is one of the largest tech-enabled private lenders focused on fix-and-flip and bridge financing for residential real estate investors. Directly comparable to Coastal Virginia Funding in target customer and product, but operates at national scale with institutional capital.
• Visio Lending: Visio Lending specializes in financing for residential investment property buyers, including DSCR rental loans. Overlaps with Coastal Virginia Funding on the investor-lending thesis, particularly on cash-out and rental refinance products.
• RCN Capital: RCN Capital is a direct private lender providing short-term fix-and-flip, bridge, and rental loans to real estate investors nationally. Comparable product set, customer segment, and asset-based underwriting approach to Coastal Virginia Funding.
• CoreVest Finance: CoreVest (a Redwood Trust company) is a private lender serving residential real estate investors with bridge, fix-and-flip, and rental financing. Highly comparable to Coastal Virginia Funding on products and customer, but backed by a public REIT balance sheet.
• Lima One Capital: Lima One Capital is a direct private lender to real estate investors offering fix-and-flip, rental, new construction, and bridge loans. Closely mirrors Coastal Virginia Funding's product menu and asset-based underwriting philosophy, though at broader geographic scale.
• Newfi: Newfi (now part of Angel Oak) is a non-QM and private lender serving real estate investors and self-employed borrowers. Comparable on asset-based underwriting and investor-focused products like cash-out refinance.
• Dext Capital: Dext Capital is a private lender offering bridge, fix-and-flip, ground-up construction, and rental financing for real estate investors. Directly comparable product mix and target borrower, with overlapping asset-based underwriting approach.

Emerging players

• PeerStreet: PeerStreet is a real estate debt platform originating and distributing short-term loans to investors. Adjacent to Coastal Virginia Funding in product type and customer, though its model emphasizes capital marketplace distribution rather than balance-sheet lending.

Broad incumbents

• Angel Oak Mortgage Solutions: Angel Oak Mortgage Solutions is a broader non-QM and private lender with a wider product portfolio across investor, self-employed, and non-conforming borrowers. Overlaps with Coastal Virginia Funding on cash-out refi and investor loans but operates at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/coastalvirginiafunding

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coastal Virginia Funding