Get Support
(408) 657-3780
Traditional banks are often limited in providing lending solutions for family trusts, properties in probate, and borrowers with limited income in the case of retirement or divorce. Banks typically do not lend to trusts, especially irrevocable trusts, which can result in fewer options in the trust distribution process. If you have an irrevocable trust you plan to distribute, traditionally, you're inclined to sell the property that holds the trust to fund the distribution. Another option is a private loan to finance the irrevocable trust for distribution. Although we can provide that option, you need a long-term plan to exit the private loan. Short-term private loans can be costly if a trust beneficiary who plans to keep the property in their name post-distribution cannot qualify for a traditional long-term loan to pay off the private trust distribution loan.
Accessing a loan for a property in probate from a traditional bank can also be challenging. If you've inherited a property in the probate process, selling it for top dollar often involves costs. These can include improvement costs, mortgage payments, regular maintenance expenses, legal fees, and other operating costs such as management and losses for vacancies.
If you're retired and dividing property interest that involves obtaining a new mortgage, receiving a loan from a bank can be challenging. Banks usually want a borrower to be employed or prove they have income to repay the loan. Traditional banks are often limited in lending against assets, allowing you to make payments with the money you have put away. Living off investments can be another problematic situation for lenders to approve. Banks often have strict requirements that will discount your investments to reduce their risk, limiting your loan amount.
Living trusts and business purpose trusts loan programs are available. These allow you to borrow in the name of a trust without the costs and complications of moving properties out of your trust, back in after funding, and the consequences of moving properties out of trust altogether.
Irrevocable Trusts: We provide access to bridge loans for distribution, so you're not forced to sell if you distribute interest to another beneficiary. We can also fund property improvements to avoid selling at a discount due to poor condition.
Properties in probate: short-term loans for immediate payoff if mortgages or other debts are due before the probate is settled.
Reverse mortgages are available for retirees who owe little on their homes, have few liquid assets, and no longer have income.
Retirees We provide traditional forward mortgage loan programs for retirees with little or no income ling off on savings and investments.
Lorem ipsum dolor sit amet, consectetur adipisicing elit. Dignissimos repellendus repudiandae incidunt quidem pariatur expedita, quo quis modi tempore non.
We want to give you 10% discount for your first order,
Use discount code at checkout
We want to give you 10% discount for your first order,
Use discount code at checkout