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.

  • 3-unit-apartment-building

Distressed Investment Property Purchase

May 17th, 2024|Comments Off on Distressed Investment Property Purchase

The borrower could not obtain traditional financing due to the property's neglected condition, so we've secured a private bridge loan for the purchase of a distressed 3-unit apartment building.

  • hard-money-fix-flip-loan

Hard Money Fix and Flip

May 3rd, 2024|Comments Off on Hard Money Fix and Flip

An experienced real estate investor secured a hard money fix and flip loan to complete a purchase swiftly amidst competitive offers.

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.