Loans to
Trusts and Estates

Location:Mill Valley, CA
Funded:$109,000
Private Loan Type:Irrevocable Trust Loan

property-sale-irrevocable-trust

Deal Highlights:

  • Property needed deferred maintenance and minor repairs

  • The existing first mortgage had a low LTV, and a sub 3% rate

  • Trustee was out of state, and highly motivated to get the property listed

Deal Summary:

We were contacted by the trustee seeking funds to cover miscellaneous repair and light renovation costs in preparation to list and sell a property held in their family’s irrevocable trust. There was an existing low balance first mortgage with an extremely low rate, so they did not want to disturb it. With plenty of equity available and an eminent sale we were able to go in second position. Our irrevocable trust loan was completed in just 7 days, and they were able to get their work underway immediately thereafter.

Deal Details:

  • Property Type – Single-Family

  • Lien Position – Second Mortgage

  • Loan-to-Value – 45%

  • Loan Term – 6 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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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.