Loans to
Bridge
Location: Salinas, CA
Funded: $2,600,000
Private Loan Type: Bridge Loans
Deal Highlights:
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:
More Deals by HCS Equity
HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.
Investment Property Cash-out
$225K equity-backed loan secured by a free & clear property. Funds used for the downpayment on a new investment. Quick funding with flexible terms.
Cash-out for Probate Administration
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.
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.
