Loans to
Second Trust Deed

Location: Monterey, CA
Funded: $265,000
Private Loan Type: Second Trust Deed Loan


Deal Highlights:

  • The real estate investor was looking to pull equity out of an existing investment property for deferred maintenance between tenants

  • They had a short window to secure the financing, get the work done, and find a new tenant

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:

  • Property Type – Investment

  • Lien Position – Second Mortgage

  • Loan-to-Value – 50%

  • 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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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.