Loans to
Second Trust Deed
Location: Monterey, CA
Funded: $265,000
Private Loan Type: Second Trust Deed Loan
Deal Highlights:
Deal Summary:
The owner of the rental property took advantage of a long-term tenant moving out to do deferred maintenance and light renovations before securing another tenant. With no rental income to help them qualify for a traditional loan during this short period of time, we stepped in to provide a private second trust deed loan as second position. Once the work was compiled, and the new lease was in place, the owner was able to refinance both the existing first and our second into one loan.
Deal Details:
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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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