Loans to
Trusts and Estates
Location: Grass Valley, CA
Funded: $149,000
Private Loan Type: Trust Loan
Deal Highlights:
Two siblings sought to buyout a third sibling with a trust loan
The trust was cash-poor, and needed to borrow funds for a sibling buyout
Deal Summary:
Three sisters, all co-trustees, decided that two would take title to the family home, and the third would take their inheritance in the form of cash. We worked directly with the co-trustees and their attorney to provide a loan to the trust in probate to complete the equalization and distribution of assets between the beneficiaries.
Deal Details:
Property Type – Single-Family
Lien Position – First Mortgage
Loan-to-Value – 35%
Loan Term – 12 months
