Sacramento Trust Loan

North Coast Financial provided financing for a $515,000 trust loan in Sacramento, California. An irrevocable trust loan was needed to allow one beneficiary to buyout the other beneficiary and maintain ownership of the property. A 3rd party loan was needed so that the beneficiary could apply for Prop 19 and prevent property taxes from increasing.The loan was secured by a single family residence owned by the irrevocable trust. The loan to value was approximately 52%.