Location: Santa Cruz, CA Funded: $750,000 Private Loan Type: Fix and Flip Loan
A true “worst house in the best neighborhood” situation
House in disrepair after years of neglect
Our borrower reached out after their traditional financing fell tough due to the property condition. With less than a week before the scheduled close of escrow we were brought in to provide short-term private capital to complete the transaction. Since there was already a preliminary title report available we were able to get fix and flip loan docs out the next day, and close right on schedule.
Property Type – Single-Family
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.
Ben2024-02-02T12:28:32+00:00February 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.