Loans to
Probate
Location: San Jose, CA
Funded: $669,000
Private Loan Type: Probate Loan
Deal Highlights:
Deal Summary:
The administrator and beneficiary seeking to retain the property was made aware after the final order was issued by the court that they could’ve equalized the estate in accordance with the BOE rules to preserve the property taxes. The attorney was able to petition the court to reverse the final, and allow for our loan to the estate prior to final distributions. It took several months to work through the court system, but in the end they were able to retain the property taxes under the Proposition 19 parent-child exclusion from reassessment.
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.
Cash-Out for Probate Administration
$314K probate loan in Elk Grove funded a mortgage payoff, sibling buyout, and estate costs, with refinance planned after probate closes.
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.
