Loans to
Bridge Loans
Location: Santa Cruz, CA
Funded: $1,455,000
Private Loan Type: Purchase Bridge
Deal Highlights:
Deal Summary:
Our borrower identified a new investment property with multiple offers and the need for a quick close. They wanted to use the equity in two existing free and clear investment properties along with the new property to cover 100% of the purchase price. We structure our bridge loans with a partial release clause allowing the sale of the existing properties, and partial payoff of our lien with the remaining balance secured by the newly acquired property. The entire balance was repaid in phases as the existing properties were sold a few months later.
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.
Cash-Out for Repairs/Improvements
$250K bridge loan in Monterey provided cash-out from one investment property to fund repairs and improvements on another property.
Trust Equalization
$391K trust loan in North Hills funded a trust equalization, allowing one beneficiary to retain the family home and pursue the Prop 19 exclusion.
Probate Loan in Redwood City, CA for Sibling Buyout
$685K probate loan in Redwood City funded a sibling buyout, helping preserve the Prop 19 tax base before the property was refinanced by the beneficiary.
