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

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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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