Loans to
Probate

Location: Anaheim, CA
Funded: $1,150,000
Private Loan Type: Probate Loans

probate-loan-sibling-buyout

Deal Highlights:

  • One of four heirs wanted to keep the family home

  • There was no will or trust, so they had to go through probate

Deal Summary:

Mom died suddenly and intestate (without a will or trust). During the probate process, the heirs determined who wanted to keep the property. With no other assets, the attorney petitioned the court to allow for the administrator to encumber the property to provide the liquidity to equalize the estate. The final order from the court allowed the cash to be distributed to the three heirs that wanted their share in cash, and the property to the remaining heir. From there, the heir was able to refinance into more permanent financing to repay our probate loan.

Deal Details:

  • Property Type – Single-Family Residence

  • Lien Position – First Mortgage

  • Loan-to-Value – 70%

  • 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.

  • 3-unit-apartment-building

Distressed Investment Property Purchase

May 17th, 2024|Comments Off on 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.

  • hard-money-fix-flip-loan

Hard Money Fix and Flip

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.

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.