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:
More Deals by HCS Equity
HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.
Cash-Out for Repairs/Improvements
$250K bridge loan in Monterey provided cash-out from one investment property to fund repairs and improvements on another property.
Trust Equalization
$391K trust loan in North Hills funded a trust equalization, allowing one beneficiary to retain the family home and pursue the Prop 19 exclusion.
Probate Loan in Redwood City, CA for Sibling Buyout
$685K probate loan in Redwood City funded a sibling buyout, helping preserve the Prop 19 tax base before the property was refinanced by the beneficiary.
