Loans to
Trusts and Estate
Location: San Francisco, California
Funded: $1,310,000
Private Loan Type: Trust Loan
Deal Highlights:
Deal Summary:
In this matter, the trustee happened to be the beneficiary wanting to take Title to this free-and-clear investment property while preserving the property tax basis under Prop 58 (date of death for the settlor occurred prior to Prop 19 going into effect).
In order to do so, the Trust needed to borrow sufficient funds to equalize the cash shares for the other beneficiaries. HCS Equity provided a loan to the Trust to facilitate this, our client was able to take Title to the property, and they immediately refinanced into a traditional loan.
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.
