Loans to
Fix and Flip

Location: Redondo Beach, CA
Funded: $900,000
Private Loan Type: Fix and Flip Loan

duplex-renovation-sale

Deal Highlights:

  • Property held in a family trust needed capital for renovations in preparation for sale

  • Funds were also needed to relocate existing tenants

Deal Summary:

We were contacted by the family’s realtor to inquire about financing for the duplex renovation for sale. With the property held in an irrevocable trust we needed to have the trust reviewed, and get acknowledgement from the beneficiaries before we could proceed. They also needed to negotiate relocation terms with the existing tenants. Once everything was in order, we proceeded with the rehab loan in the name of the trust, and held back sufficient funds with our servicing company to cover the monthly debt service.

Deal Details:

  • Property Type – Duplex

  • Lien Position – First Mortgage

  • Loan-to-Value – 62%

  • Loan Term – 9 months

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HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.

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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.