Unlike an inheritance advance, which is an advance against assets you stand to inherit, similar to a payday advance loan in that you’re getting access to money now that you would otherwise have to wait until later to receive; we provide Estate Loans (mortgages on real estate involved in probate). CLOANC specializes in providing Estate Loans/ Probate Loans. Probate is the administration of a deceased person’s estate, with or without a will. A probate loan or estate loan provides funds to the probate estate to accomplish a goal that requires the conversion of the equity in the real estate into cash.  Examples of this are buying out siblings to avoid property tax reassessment via Proposition 19, cash to make improvements to a home to prepare it for sale or cash to pay off creditors involved in the probate case. The estate loan is made directly to the estate. An estate loan must be approved by the probate administrator (with authority granted by the court). We can help guide you through the process and if needed, put you in contact with an Attorney, Fiduciary or California Property Tax Consultant to assist you with the process. We offer affordable loans that are customized to your specific needs and provide each client with a Free Estate Loan Benefit Analysis that shows your estimated loan proceeds, potential property tax savings and the costs associated with the loan.

Thanks to California Proposition 19, you can retain a parents low property tax base on an inherited home. When multiple child beneficiaries are involved, you are likely to need a 3rd party loan to meet the California Board of Equalization Proposition 19 equal distribution requirements. That is where CLOANC comes in. We provide more 3rd party loans to trusts and estates than any other lender in California.  We work directly with the administrator or beneficiary and their legal representation to make sure that all of the goals of the members of the estate are met. A probate loan can be funded in as little as 7 days after we have received the required information from the administrator, beneficiary or Attorney. Importantly, we never charge any prepayment penalties or have any minimum interest requirements associated with our loans. This allows the acquiring beneficiary to refinance or payoff our mortgage as soon as desired with no penalty.  If you require the assistance of a trust and estate attorney in your area, we can put you in contact with one who has experience dealing with California Proposition 19.