Loans to
Trusts and Estates
Location:Mill Valley, CA
Funded:$109,000
Private Loan Type:Irrevocable Trust Loan
Deal Highlights:
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:
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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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