Loans to
Probate

Location: Thousand Oaks, CA
Funded: $286,500
Private Loan Type: Probate Loans

property-sale-probate-loan

Deal Highlights:

  • Estate had depleted its available cash and needed to prepare its property for sale

  • Medical, legal, and accounting expenses were also past due

Deal Summary:

We provided short-term capital to cover probate related expenses, and to prepare the estate owned property for sale. The administrator of the estate was able to list the home in a competitive market, sell above asking price, and repay our probate loan through the close of escrow.

Deal Details:

  • Property Type – Single-Family Residence

  • Lien Position – First Mortgage

  • Loan-to-Value – 30%

  • 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.

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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.

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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.