Loans to
Bridge
Location: Mountain View, CA
Funded: $2,101,000
Private Loan Type: Bridge Loan
Deal Highlights:
Deal Summary:
The subject property was held in an irrevocable trust, and the trustee approached our firm about financing options to help cover the expense of moving their family home a few hundred feet and splitting the lot, so they could complete their sale transaction with the city. We ended up providing three rounds of financing over two years. Once all the necessary work was completed, the land sale transaction with the city was completed, and our bridge loan was repaid.
Deal Details:
More Deals by HCS Equity
HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.
Cash-Out for Repairs/Improvements
$250K bridge loan in Monterey provided cash-out from one investment property to fund repairs and improvements on another property.
Trust Equalization
$391K trust loan in North Hills funded a trust equalization, allowing one beneficiary to retain the family home and pursue the Prop 19 exclusion.
Probate Loan in Redwood City, CA for Sibling Buyout
$685K probate loan in Redwood City funded a sibling buyout, helping preserve the Prop 19 tax base before the property was refinanced by the beneficiary.
