Bridge Loans to Trusts & Estates
Commercial Loan Corporation specializes in providing bridge loans and bridge financing to trusts and estates. We are one of just a handful of lenders in California that offer bridge financing to trusts and estates and more importantly, we specialize in it. Commonly our clients utilize our bridge loans to provide liquidity to a trust or estate so that an even distribution can be made. An even distribution can be crucial when a client is trying to receive a Proposition 58 exclusion from property tax reassessment so that they can preserve a parents low property tax base on an inherited property.
Thanks to California Proposition 13, property taxes in California can not increase by more than 2% a year. Since property values in California historically have increased at a far higher rate, retaining a parents low property tax base can be incredibly valuable to a client. On average we save our clients over $6,000 a year in property taxes by helping them avoid a property tax reassessment. If you are inheriting property from a parent and are interested in preserving their low property tax base, call us at 877-464-1066 and we can help you determine how much you might be able to save by utilizing one of our trust and estate bridge loans.
For additional information on our trust and estate loans, please complete our secure form:
Commercial Loan Corporation Bridge Loans for Trusts & Estates
We are a direct lender and can close bridge loans with our own funds. When dealing with Commercial Loan Corporation, you can expect:
- An easy application process
- Flexible underwriting guidelines (No credit score minimums)
- Loans closed in as little as 7 to 10 calendar days
What Is A Bridge Loan?
A bridge loan or bridge financing is a short term loan utilized until a person or trust secures permanent financing. Bridge loans or bridge mortgages are only intended to be held for a short period of time and typically have a term between 1 and 12 months.
Many of our clients either pay our bridge loan off in full after their exclusion from property tax reassessment has been granted or will refinance the debt with a conventional mortgage once the Proposition 58 exclusion has been granted. We are also able to assist our clients with permanent financing if needed. If you, a family member or client is interest in receiving a bridge loan for a trust or estate, please call us at 877-464-1066 so that we may assist you.