Probate and Estate Loans for Real Estate
Your Reliable Real Estate Financial Solution
Understand the Power of Probate and Estate Loans
When life presents us with challenges, we must rise to the occasion. Inheriting real estate in the wake of losing a loved one can be both a blessing and a burden. That’s where probate and estate loans come into play. Designed for those navigating the complex waters of inheritance, these loans provide the financial relief you need.
For Whom are Probate and Estate Loans Suitable?
If you’ve recently come into an inheritance, especially in the form of real estate, and are looking for financial flexibility, then this is for you. As probate can often be a lengthy and intricate affair, a probate and estate loan can offer a financial cushion, allowing you to make the best of your inheritance.
How Does It Function?
Known by many names – from Estate Loans to Inheritance Loans – these are essentially Business Purpose Loans. Here’s how they work:
Secure
Secure the loan against your future inheritance with us, your trusted hard money lender.
Repayments
Benefit from manageable monthly repayments while the probate process is ongoing.
Interest
We earn through interest, ensuring the process remains transparent and beneficial for both parties.
Loan Essentials
- Documentation: Valid state ID, homeowner's insurance, and in certain cases, a doctor's competency letter for senior clients.
- Property Necessities: Residential or commercial with at least 35% equity. Investment properties are ideal, but primary residences work if the loan supports a business.
- Special Features: Swift cash accessibility, accommodation of low credit scores, and wide property eligibility (including AirBnB's, rentals, and commercial spaces).
- Amount and Rates: Loans range between $100k to $5M, with competitive rates from 7.99% to 12.99%.
From condos and townhouses to apartments and commercial edifices, we’ve got you covered. Keep in mind that the loan value shouldn’t exceed 65% of the property’s worth.
