Loans to
Trusts and Estates
Location: Berkeley, CA
Funded: $1,237,000
Private Loan Type: Trust Loan
Deal Highlights:
Deal Summary:
This matter consisted of two properties, which were to be distributed on a share and share alike basis between the two beneficiaries. One of the beneficiaries had moved out of state, and had no interest in taking ownership of either property. In order to equalize the trust, we provided a trust equalization loan cross-collateralized by both properties, which infused sufficient liquidity into the trust to make an equal distribution of assets. One beneficiary received their share in the form of cash, and the other took title to the properties subject to the trust loan. From there each property was refinanced, and our loan was repaid.
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.
Residential Bridge Loan
$1.43M bridge loan in Castro Valley helped a nonprofit close a residential purchase after traditional financing fell through at the last minute.
Fix and Flip Purchase
$295K fix and flip loan in Fairfield helped an investor acquire an off-market duplex, complete renovations, and secure an all-cash sale above asking.
Trust Equalization and Distribution
$900K trust loan in San Jose funded a trust equalization, allowing one beneficiary to retain the family home while preserving its low property tax base.
