Loans to
Sibling Buyout – Probate
Location: Redwood City, CA
Funded: $685,000
Private Loan Type: Probate Loan
Deal Highlights:
Deal Summary:
The administrator worked with their probate attorney to calculate the estates asset value and liabilities. A loan to the estate was needed to comply with the BOE rules for the Prop 19 parent/child exclusion from reassessment. Once probate closes, and the property is distributed, the beneficiary retaining the property will refinance right away.
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.
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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.
