Loans to
Trusts and Estates
Location:Santa Maria, CA
Funded:$150,000
Private Loan Type:Private Reverse Mortgage Loan
Deal Highlights:
Deal Summary:
We were contacted by a professional fiduciary in need of capital to cover around-the-clock care expenses for her incapacitated client. The homeowner had used all their liquid assets leaving only their free-and-clear primary residence as collateral for our loan, and with full-time care needed, we had to act fast to ensure there were no gaps in care.
Our private reverse mortgage product, Reverse Relief, was the ideal solution to provide a lump-sum cash distribution to cover around-the-clock care expenses, and the flexibility of no monthly payments due. Our team at HCS Equity guided the fiduciary through the process, helped coordinate counseling, and closed on the loan in less than 3 weeks.
Deal Details:
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HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.
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