Loans to
Reverse Mortgage Payoff
Location: Winter, CA
Funded: $125,000
Private Loan Type: Trust Loan

Deal Highlights:
Deal Summary:
A few months after the passing of their father, the beneficiaries were made aware their father had taken out a reverse mortgage shortly before he passed away. With only a few weeks before the lien holder filed a notice of default, we stepped in to pay off the reverse mortgage, and provide additional capital to prepare the property for sale. Reverse mortgage lenders have little tolerance these days, so it was imperative that we closed quickly.
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.
Reverse 1031 Exchange
$520K loan in Pasadena provided fast funding for a Reverse 1031 Exchange, helping the investor close on a new property before selling another.
Cross Collateralized Bridge Loan
$1.455M bridge loan in Santa Cruz cross collateralized three properties to fund 100% of a new investment purchase. Fast close with flexible structure.
Investment Property Rehab
$485K fix and flip loan in Pacific Grove funded quickly to complete a renovation project and prepare the investment property for immediate sale.