Loans to
Trusts and Estates
Location: Venice, CA
Funded: $350,000
Private Loan Type: Trust Loan
Deal Highlights:
Deal Summary:
The beneficiary of a special needs trust needed capital to cover care expenses. With only 2.5 years before reaching the minimum age to obtain a reverse mortgage, the trustee needed to encumber the trust property with a private trust loan. We stepped in to provide sufficient funds, and held three years worth of payments with our servicing company to cover the monthly debt service to bridge the gap until the reverse mortgage could be obtained.
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.
