Loans to
Probate Loan
Location: Elk Grove, CA
Funded: $314,000
Loan Type: Probate Loan
Deal Highlights:
Deal Summary:
The administrator for the estate needed funds to pay off an existing mortgage, buy out one beneficiary, and cover legal and administrative expenses prior to closing probate. The only available asset in the estate was the family home, so we provided a loan to the estate itself. Once probate is closed and the property is transferred into the beneficiary’s name, he will refinance with his local bank.
Deal Details:
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