Loans to
Bridge

Location: Salinas, CA
Funded: $2,600,000
Private Loan Type: Bridge Loans

apartment-building-purchase

Deal Highlights:

  • Fully occupied 10-unit apartment complex

  • Borrower used two other investment properties to cross collateralize the purchase

Deal Summary:

Our borrower had limited funds to put down on the purchase, so we cross collateralized two of their other investment properties to close the transaction. Shortly after the close of our bridge loan, the borrower was able to secure traditional financing to take us out.

Deal Details:

  • Property Type – Multi-Family Residence

  • Lien Position – First Mortgage

  • Loan-to-Value – 60%

  • 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.

  • non-owner-occupied-bridge-loan

Non-Owner Occupied Bridge Loan

April 19th, 2024|Comments Off on Non-Owner Occupied Bridge Loan

A non-owner occupied bridge loan of $1,470,000, structured to assist the borrower in acquiring a new investment property in Burbank, CA while awaiting the sale of an existing one.

  • trust-equalization-investment-property

Trust Equalization of Investment Property

March 22nd, 2024|Comments Off on Trust Equalization of Investment Property

HCS Equity facilitated the trust equalization where one beneficiary wanted to buy out two siblings and preserve property taxes under Proposition 58.

  • 1031-exchange-purchase

1031 Exchange Purchase

March 15th, 2024|Comments Off on 1031 Exchange Purchase

HCS Equity worked closely with the borrower and the QA to facilitate a 1031 exchange in Aptos, CA, with a loan of $560,000.

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.