Loans to
Trusts and Estates
Location: San Diego, CA
Funded: $714,000
Private Loan Type: Reverse Mortgage Payoff Loan

Deal Highlights:
Deal Summary:
Reverse mortgages are typically called due six months after the passing of the borrower, and in this case the borrower’s children were not aware their father had taken out a loan on the family home. Unsure of their plans for the home they did not want to jeopardize losing it, so they opted to buy some time, and secure a reverse mortgage payoff loan before the lender filed a notice of default. The one-year term we provided gave them time to grieve, then discuss their plans for who would keep the property without an unrealistic deadline looming.
Deal Details:
More Deals by HCS Equity
HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.
Trust Equalization and Distribution
$1.1M trust loan in Pleasanton provided funds for trust equalization, helping a beneficiary keep the family home and preserve its low property tax base.
Fix and Flip Purchase
Fast $565K fix and flip loan funded for an off-market Concord, CA property, allowing the investor to close quickly and begin a full renovation.
Reverse Mortgage Payoff
$750K trust loan in Yountville paid off a reverse mortgage, stopping foreclosure and allowing time to prepare the family home for sale.