Loans to
Trusts and Estates

Location:Hollister, CA
Funded:$313,000
Private Loan Type:Irrevocable Trust Loan

irrevocable-trust-care-expenses

Deal Highlights:

  • The court appointed that the trustee needed funds to cover care costs for conservatee

  • The family plans to move the conservatee to a care facility then list the property for sale

Deal Summary:

The court appointed a trustee in this matter who was also the conservator for the elderly settlor of the trust. When in-home care costs got to be too expensive, the decision was made to move her into a full-time care facility. Unfortunately, all their cash had been depleted, so the irrevocable trust needed to borrow sufficient funds to cover expenses, and prepare the home for sale. We were able to do just that, to provide an irrevocable trust loan and close well before the situation became more dire.

Deal Details:

  • Property Type – Single-Family

  • Lien Position – Second Mortgage

  • Loan-to-Value – 39%

  • 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.

  • duplex-renovation-sale

Duplex Renovation to Prepare for Sale

February 16th, 2024|Comments Off on Duplex Renovation to Prepare for Sale

HCS Equity, a private hard money lender in California, facilitated a $900,000 rehab loan for a duplex renovation project in Redondo Beach, CA.

  • distressed-home-rehab

Distressed Home Rehab

February 9th, 2024|Comments Off on Distressed Home Rehab

In this case study, HCS Equity, a leading private lender in California, provided a fix and flip loan for a distressed home rehab project in South Pasadena, CA.

  • beneficiary-buyout-proposition-58

Beneficiary Buyout Under Proposition 58

February 2nd, 2024|Comments Off on Beneficiary Buyout Under Proposition 58

HCS Equity provided a loan directly to the trust, allowing one beneficiary to keep the family property and the other to receive money for their share.

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.