Second Trust Deeds

Second Trust Deeds2022-11-02T21:34:01+00:00

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 often times 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.

Additional Benefits 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

What is the maximum loan to value ratio you will lend up to?2022-10-11T16:03:28+00:00

HCS Equity limits our Second Trust Deeds to under 50% CLTV but we can make exceptions on a case by case basis.

What if my credit is bad?2022-10-11T16:03:47+00:00

HCS Equity will review each situation on an individual basis using several factors to determine the qualifications. Credit is not the most important factor.

If I am late on my existing first can I still get a Second Trust Deed?2022-10-11T16:04:20+00:00

Usually not, we are looking for a solid payment history on the existing debt.

Do you offer a home equity line of credit or a HELOC?2022-10-11T16:04:39+00:00

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.

Do I need a full appraisal to get a new Second Trust Deed?2022-10-11T16:04:58+00:00

Not usually, most of the time HCS Equity relies on an internal valuation for the loan at no charge to you.

How long do I have to repay the loan?2022-10-11T16:05:18+00:00

Our term for Second Trust Deeds is typically a 1 year balloon payment, but we can make exceptions on a per loan basis.

What can I use the funds for?2022-10-11T16:05:35+00:00

Funds have to be used for business purposes, personal use of the funds is not allowed. Please call us for details.

Can I repay the loan anytime?2022-10-11T16:06:07+00:00

Yes, the loan can be paid off anytime without any sort of prepayment penalty

Can a trustee or a fiduciary take out a second trust deed?2022-10-11T16:06:25+00:00

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

Looking To Get Started?

Contact us today for more information regarding any of our loan products. As direct lenders, we make quick approval decisions, and can provide funding in as little as 7-10 days. We are available via phone or email anytime of the day or night.

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