FAQs

Our terms are typically based on a one-year balloon payment, but we understand the delays in getting permits, materials, tenant evictions, etc. so we can make exceptions up to a two year balloon.

Not usually, we are more focused on the project, expected take out price, cost of construction and funds to complete the project. We have over 20 years of construction and rehab experience, so we are aware of the pitfalls and costs associated with most projects.

Yes, we provide full approval letters to go along with your offer.

Yes, we can cross collateralize using another property that has substantial equity.

HCS Equity bases our loan amount on the actual value of the property in its current condition. If you are able to secure a below market purchase price on the property, we will base our loan amount on the actual fair market value.

HCS Equity is looking for seasoned investors that have a minimum of 35% to put down. Additionally, you must be able to provide proof of the funds for the rehab costs.

No, HCS offers purchase loans based on the current “as-is” value of the property.

Yes, there are no prepayment penalties on rehab loan offered by HCS Equity. The property can be refinanced into a conventional loan or sold as quickly as you are able.

Our loans can be provided to an irrevocable trust, an estate going through the probate process, heirs that have already inherited a property or a spouse left property with a mortgage being called due.

HCS Equity offers reverse mortgage payoff loans from $30,000 to $3,000,000.