Loans to
1031 

Location: San Rafael, CA
Funded: $890,000
Private Loan Type: Reverse 1031 Exchange Loan

replacement-property-reverse-1031-exchange

Deal Highlights:

  • An experienced real estate investor identified a replacement property before relinquishing their existing investment property

  • Short-term capital was needed to complete the sale, and then repaid once the existing property sold

Deal Summary:

With strict rules and time requirements for reverse 1031 exchanges, certain steps needed to be taken to ensure a smooth transaction. There were several competing offers and they needed to close quickly, so we worked directly with the borrower and their qualified intermediary to get the purchase completed by providing a reverse 1031 exchange loan. Once the relinquished property was sold our loan was repaid.

Deal Details:

  • Property Type – Single-Family

  • Lien Position – First Mortgage

  • Loan-to-Value – 65%

  • Loan Term – 6 months

More Deals by HCS Equity

HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.

  • duplex-renovation-sale

Duplex Renovation to Prepare for Sale

February 16th, 2024|Comments Off on Duplex Renovation to Prepare for Sale

HCS Equity, a private hard money lender in California, facilitated a $900,000 rehab loan for a duplex renovation project in Redondo Beach, CA.

  • distressed-home-rehab

Distressed Home Rehab

February 9th, 2024|Comments Off on Distressed Home Rehab

In this case study, HCS Equity, a leading private lender in California, provided a fix and flip loan for a distressed home rehab project in South Pasadena, CA.

  • beneficiary-buyout-proposition-58

Beneficiary Buyout Under Proposition 58

February 2nd, 2024|Comments Off on Beneficiary Buyout Under Proposition 58

HCS Equity provided a loan directly to the trust, allowing one beneficiary to keep the family property and the other to receive money for their share.

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.