Loans to
Bridge
Location: Burbank, CA
Funded: $1,470,000
Private Loan Type: Bridge Loans
Deal Highlights:
Deal Summary:
Our borrower had an opportunity to acquire a new investment property in a highly desirable neighborhood. With limited cash to bring in, we suggested cross-collateralizing with an existing property and the new property to provide 100% financing for the purchase. Our bridge loan was structured with a partial release clause allowing the sale of the existing property, and partial payoff of our lien with the remaining balance secured by the newly acquired property. The balance was ultimately refinanced once the previously mentioned steps were completed.
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.
Investment Property Rehab
$485K fix and flip loan in Pacific Grove funded quickly to complete a renovation project and prepare the investment property for immediate sale.
Cash Out For Repairs/Improvements
$250K bridge loan in Monterey allowed a repeat investor to access equity for upgrades on another property. Closed fast with a 7-day turnaround.
Trust Equalization
$391K trust loan in North Hills used for trust equalization, allowing one sibling to keep the family home and preserve its low tax base under Prop 19.
