Loans to
Bridge

Location: Burbank, CA
Funded: $1,470,000
Private Loan Type: Bridge Loans

non-owner-occupied-bridge-loan

Deal Highlights:

  • Borrower looking to purchase a new investment property before selling an existing property

  • We were able to cross-collateralize both properties to provide 100% financing

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:

  • Property Type – Single-Family Residence

  • Lien Position – First Mortgage

  • Loan-to-Value – 100%

  • 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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An experienced real estate investor secured a hard money fix and flip loan to complete a purchase swiftly amidst competitive offers.

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.