Andy Mirza
Ladera Ranch, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Coastline Capital Fund Management LLC
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Startup
Location:
Ladera Ranch
Industry:
Real Estate
Year Founded:
2016
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Coastline Capital Fund Management (“CCFM”) is a small, nimble asset management company focused on the acquisition and resolution of first position non-performing residential notes (“NPN’s”). Sean Irwin, CEO of Coastline Capital Group LLC, and Andy Mirza, President of Empire Quality Rentals LLC, founded CCFM in 2016 in anticipation of starting a private equity fund to invest in NPN’s.
Mr. Irwin and Mr. Mirza have extensive experience in trading and managing NPN’s and REO’s, in fixing and flipping properties, buying properties at trustee sales, and in owning and managing rental properties. They have spent years developing close, working relationships with executives and traders of private equity funds and hedge funds that sell large pools of NPN’s. This enables them to get first look capability and exclusive access to a large number of NPN’s before the pools are broken up into smaller groups to sell down the line to smaller hedge funds and individual investors. 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 re-performing and seasoned notes to banks and institutional investors through this same network. CCFM is small and nimble and has the advantage of being more responsive and attentive to the NPN’s it controls, thereby making better choices for exit strategies to maximize the profits of each of the notes, unlike complex, slower-moving, large investment companies.
Mr. Irwin and Mr. Mirza are seeking to establish relationships with capital investors that are interested in investing in non-performing residential notes and mortgages.