Asset-Based Lender in California
HCS Equity is a private money lender in the state of California specializing in second trust deeds loans.
After the recent wave of refinancing many borrowers have an existing low rate fixed first trust deed, but come across the need for short term capital for property acquisitions, legal fees, or other business related expenses. HCS Equity can provide Second Trust Deeds secured by commercial, residential, or mixed use properties throughout California. Loans can usually be provided within 7-10 days and oftentimes we will not need an appraisal or income documentation. When you need capital quickly and do not want to disturb your low rate first mortgage, HCS Equity would be happy to review your needs.
Obtaining a second trust deeds loan at competitive rates and with a quick turnaround is possible with HCS Equity.
Contact us today to get started on your second trust deeds loan.
Additional Benefits of Securing your Second Trust Deeds Loan with HCS Equity, Include
- Loan amounts from $30,000 to $400,000
- Terms up to 2 years
- Loan proceeds can be used for any business purpose
- Quick closings and income and assets are not required
- No prepayments, funds can be used for at little as a few days without any sort of penalty
FAQ
HCS Equity limits our Second Trust Deeds to under 50% CLTV but we can make exceptions on a case by case basis.
HCS Equity will review each situation on an individual basis using several factors to determine the qualifications. Credit is not the most important factor.
Usually not, we are looking for a solid payment history on the existing debt.
No, all HCS Equity loans are fixed rate, lump sum loans with no ability to take a future draw. Interest accrues on the full outstanding balance from day one.
Not usually, most of the time HCS Equity relies on an internal valuation for the loan at no charge to you.
Our term for Second Trust Deeds is typically a one year balloon payment, but we can make exceptions on a per loan basis.
Funds have to be used for business purposes, personal use of the funds is not allowed. Please call us for details.
Yes, the loan can be paid off anytime without any sort of prepayment penalty
Yes, HCS Equity has been lending to trustees and estates, fiduciaries and conservators for over 20 years.
Private Loan Process
*This is for illustrative purposes only, HCS Equity does not provide legal advice or services
