Cypress, CA

$440,000

Single Family Residence

Equity Cash Out

01/22/2021
Transaction by
S&L Capital Group
S&L Capital Group provided a cash refinance on this SFR in Cypress, CA in order to assist in the settling of an estate. This transaction, though with substantial protective equity, had its challenges in navigating potential hurdles with Title. This loan checked all the food groups of a higher risk loan: - Cash out refinance - Loan to a trust after a recent death - Property owned free and clear Our borrower was referred to S&L Capital Group seeking a cash out refinance to the Trust in order for them to update the property and settle their parent's estate. Once settled, their plan was to refinance our loan into permanent financing and hold the property long term as a rental. The team worked closely with the borrower, his Estate Attorney, Escrow and Title in order make sure all parties were comfortable with the transaction. S&L Capital Group provided a 12 month, cash out refinance, with no prepayment penalty or interest guaranty.