Loans to
Trusts and Estates

Location: Santa Barbara, CA
Funded: $1,800,000
Private Loan Type: Trust Loans

trust-equalization-investment-property

Deal Highlights:

  • Proposition 58 trust equalization

  • One of three beneficiaries wanted to buy the others out, and preserve the property taxes

Deal Summary:

After years of negotiations among the beneficiaries, it was determined that one wanted to keep the investment property held in the family trust, and buy out their two siblings. Their surviving parent’s date of death occurred prior to Proposition 19 going into effect, so they qualified for the property tax benefits under Proposition 58. The correct steps were taken by the trust to encumber the property, equalize the trust’s assets, and preserve the property taxes. We worked hand-in-hand with the trustee and their attorney to provide a trust loan and to ensure all went seamlessly.

Deal Details:

  • Property Type – Multi-Family Residence

  • Lien Position – First Mortgage

  • Loan-to-Value – 70%

  • Loan Term – 12 months

More Deals by HCS Equity

HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.

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March 22nd, 2024|Comments Off on Trust Equalization of Investment Property

HCS Equity facilitated the trust equalization where one beneficiary wanted to buy out two siblings and preserve property taxes under Proposition 58.

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Looking To Get Started?

Contact us today for more information regarding any of our loan products. As direct lenders, we make quick approval decisions, and can provide funding in as little as 7-10 days. We are available via phone or email anytime of the day or night.