Are you currently dealing with the loss of a loved one and require financing to settle an estate?
Crescent Lenders is here to assist you. We can fund your short term probate loan:
Probate loans, also known as estate, trust or inheritance loans, provide short term financing against inherited real estate.
Traditional banks and financial institutions will not lend on properties in probate, hence the need for a private money lender to acquire financing.
Crescent Lenders is not highly concerned with your credit score or income, instead we evaluate loans based on the equity in your property.
Industry standard probate loan rates for a hard money loan are in the range of 8%-10% with a 2 point fee.
While these rates are higher than traditional bank loans, a hard money loan is generally used for short term financing.
|Interest Rates:||Starting @ 7.99% (interest only)|
|Closing Time:||5 to 7 Days|
|Location:||Anywhere in California|
|Loan To Value Ratio:||Up to 75% LTV|
|Loan Types:||Purchase, Refinance, Cash-Out, Fix and Flip, Probate, 1031 Exchange|
|Amounts:||$200K – $5M|
|Origination Fee:||2 to 3 points, dependant on size and term|
|Lien Positions:||First Trust & Second Trust Deeds|
|Loan Term:||6 to 60 months (extensions available)|
Have you recently inherited a piece of real estate and need short term financing to navigate the probate process?
The 3 most common reasons to use a probate loan are:
If an heir wants to keep an inherited property, short term financing using an inheritance loan can be used to buy out the other heirs (usually siblings).
Once the heirs have agreed on the value of the property and determined the distribution of the state, an inheritance loan can provide the estate with cash.
This process enables the other heirs to be paid out quickly.
Once the heir has ownership of the title, they can refinance the inherited property with a more favorable traditional bank loan.
A probate loan can be used to relieve financial pressure before the estate is distributed.
All kinds of costs can arise due to an inheritance:
In the past few decades property prices have increased dramatically.
There are 2 ways to use a hard money loan to capitalize on tax benefits: