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.
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.
Residential Bridge Loan
$1.43M bridge loan in Castro Valley helped a nonprofit close a residential purchase after traditional financing fell through at the last minute.
Fix and Flip Purchase
$295K fix and flip loan in Fairfield helped an investor acquire an off-market duplex, complete renovations, and secure an all-cash sale above asking.
