Loans to
Trusts and Estates
Location: Santa Barbara, CA
Funded: $1,800,000
Private Loan Type: Trust Loans
Deal Highlights:
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:
More Deals by HCS Equity
HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.
Investment Property Fix and Flip
$360K fix and flip loan in Brentwood helped an investor secure an off-market property fast, complete renovations, and sell within 90 days.
Sibling Buyout of Trust Property
$985K trust loan in Half Moon Bay funded a sibling buyout, preserving the family home and Prop 19 tax base before refinance by the beneficiary.
Investment Property Cash-Out
$250K bridge loan in Clayton, CA provided fast cash-out for renovations on a vacant rental, later refinanced into a DSCR loan after stabilization.
