Loans to
Bridge Loan
Location: Clayton, CA
Funded: $250,000
Loan Type: Bridge Loan
Deal Highlights:
Deal Summary:
This is a very common scenario that we see often. One of the two beneficiaries wanted to retain the family home and its tax base, but there were no other assets in the trust. Once the value of the property was confirmed, we provided a loan directly to the trust itself, so the assets could be equally distributed (cash to one, and the property subject to our loan to the other). After the close of the loan their attorney filed the necessary Prop 19 parent/child exclusion from reassessment paperwork along with the transfer deed, and the beneficiary that took title was able to refinance right away.
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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