Loans to
Bridge

Location: Ventura, CA
Funded: $875,000
Private Loan Type: Bridge Loan

3-unit-apartment-building

Deal Highlights:

  • The real estate investor was looking to acquire the subject property before selling an existing out-of-state property

  • Property was vacant, so there was not rental income to qualify for traditional financing

Deal Summary:

In this matter, the borrowers were unable to qualify for traditional financing due to these units being vacant. Their DTI was simply too high. They needed short-term capital and we stepped in to provide a bridge loan to complete the transaction. Once the units were leased with proof of rental income, they went back to their bank to refinance into more permanent financing.

Deal Details:

  • Property Type – Multifamily

  • Lien Position – First Mortgage

  • Loan-to-Value – 65%

  • Loan Term – 12 months

More Deals by HCS Equity

HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.

  • duplex-renovation-sale

Duplex Renovation to Prepare for Sale

February 16th, 2024|Comments Off on Duplex Renovation to Prepare for Sale

HCS Equity, a private hard money lender in California, facilitated a $900,000 rehab loan for a duplex renovation project in Redondo Beach, CA.

  • distressed-home-rehab

Distressed Home Rehab

February 9th, 2024|Comments Off on Distressed Home Rehab

In this case study, HCS Equity, a leading private lender in California, provided a fix and flip loan for a distressed home rehab project in South Pasadena, CA.

  • beneficiary-buyout-proposition-58

Beneficiary Buyout Under Proposition 58

February 2nd, 2024|Comments Off on Beneficiary Buyout Under Proposition 58

HCS Equity provided a loan directly to the trust, allowing one beneficiary to keep the family property and the other to receive money for their share.

Looking To Get Started?

Contact us today for more information regarding any of our loan products. As direct lenders, we make quick approval decisions, and can provide funding in as little as 7-10 days. We are available via phone or email anytime of the day or night.