Loans to
1031 Exchange
Location: Pasadena, CA
Funded: $520,000
Private Loan Type: Purchase
Deal Highlights:
Deal Summary:
The borrower approached us regarding financing for their Reverse 1031 Exchange purchase. We quickly ran through the numbers to confirm the viability of the transaction, and connected with the QI to get all the specifics. Our team worked diligently to underwrite, fund, and close on time. The borrower has 180 days to list and sell their existing investment property, and will use the proceeds from the sale to pay off our loan, which has no prepayment penalties.
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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