Loans to
Bridge Loans
Location: Granite Bay, CA
Funded: $225,000
Private Loan Type: Business Purpose
Deal Highlights:
Deal Summary:
We were approached by an experienced real estate investor, with a sizable portfolio, about leveraging one of her properties to pull cash out for the downpayment on a new property. We evaluated her portfolio, and identified a free and clear property with more than enough equity for our needs. We closed our loan in less than a week, and she used the proceeds to complete the purchase. Shortly after the close of the new purchase, she was able to refinance our loan into a traditional loan without any prepayment penalty, or the risk of jeopardizing the new acquisition.
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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