Location: Grass Valley, CA Funded: $149,000 Private Loan Type: Trust Loan
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
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.
Property Type – Single-Family
Lien Position – First Mortgage
Loan-to-Value – 35%
Loan Term – 12 months
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HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.
Ben2024-02-02T12:28:32+00:00February 2nd, 2024|Comments Off on Beneficiary Buyout Under Proposition 58
HCS Equity provided a loan directly to the trust, allowing one beneficiary to keep the family property and the other to receive money for their share.
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