Loans to
Fix and Flip
Location:King City, CA
Funded:$165,000
Private Loan Type:Distressed Property Loan
Deal Highlights:
Deal Summary:
We financed the purchase of a badly fire damaged single-family residence by a contractor that we have worked with for many years. We had to close escrow within 10 days. HCS Equity did their own site visit and confirmed that value and permits were in place for rebuilding. We financed the purchase with a distressed property loan then provided additional capital during rehab. The project was completed within the prescribed time frame and the home was resold.
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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