Loans to
Trusts and Estates

Location: San Anselmo, CA
Funded: $1,735,000
Private Loan Type: Trust Loan

parent-child-property-tax-exclusion

Deal Highlights:

  • Four beneficiaries needed to equalize their family’s irrevocable trust

  • The trust was comprised of multiple properties, and various investment accounts

Deal Summary:

The beneficiaries went through a long negotiation process to determine who would take possession of which assets held in their parent’s irrevocable trust. Once all the calculations were completed there was a shortage of cash to complete the non pro-rata equalization and distribution of assets between beneficiaries, so we worked with the family to secure a lien against the parent’s primary residence and provide a loan to the trust in probate to complete the distribution.

Deal Details:

  • Property Type – Multifamily

  • Lien Position – First Mortgage

  • Loan-to-Value – 65%

  • Loan Term – 12 months

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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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