Loans to
Bridge
Location: Mountain View, CA
Funded: $2,101,000
Private Loan Type: Bridge Loan
Deal Highlights:
Deal Summary:
The subject property was held in an irrevocable trust, and the trustee approached our firm about financing options to help cover the expense of moving their family home a few hundred feet and splitting the lot, so they could complete their sale transaction with the city. We ended up providing three rounds of financing over two years. Once all the necessary work was completed, the land sale transaction with the city was completed, and our bridge loan was repaid.
Deal Details:
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HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.
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