Trust Loans in California
Trust Loans for Beneficiaries & Trustees
Trust Loans from North Coast Financial
North Coast Financial is a California direct lender specializing in providing trust loans to beneficiaries and trustees. The trust must own California real estate to serve as collateral for the loan. Our trust loan process allows for beneficiaries to take advantage of Proposition 58 which prevents a property tax reassessment on transfers from parents to children. Loans to trusts can be completed as quickly as 1-2 weeks. North Coast Financial also provides probate and estate loans.
With more than 37 years of trust lending experience, North Coast Financial provides fast approvals and funding, flexible lending criteria and competitive rates with no hidden fees. Contact North Coast Financial now and have your trust loan funded fast.
Why Choose North Coast Financial?
Recently Funded Trust, Estate and Probate Loans by North Coast Financial
Recent Deal – San Jose Estate Loan
San Jose Estate Loan North Coast Financial provided financing for a $765,000 estate loan in San Jose, California. The borrower was in need [...]
Recent Deal – San Diego Trust Loan
San Diego Trust Loan North Coast Financial provided funding for a trust loan in San Diego, California. The loan amount of was secured [...]
Recent Deal – Huntington Beach Estate Loan
Huntington Beach Estate Loan $250,000 in financing was provided by North Coast Financial for an estate loan in Huntington Beach, California (Orange County). [...]
Recent Deal – Hollister Trust Loan
Hollister Trust Loan North Coast Financial financed a $150,000 trust loan in Hollister, California (Monterey Bay Area). The loan amount was secured by [...]
Recent Deal – Cambria Trust Loan
Cambria Trust Loan North Coast Financial provided financing for a trust loan in Cambria, California (San Luis Obispo County). The loan amount of [...]
Trust Loans California
A trust loan is a specialized type of loan typically only made by private money lenders. Conventional lenders such as banks and credit unions are generally not able to provide this type of loan as the borrower does not have their name on title. North Coast Financial is able to make a trust loan directly to the trust and then have a beneficiary or trustee assume the loan.
The trust agreement must allow for a loan from the trust to the beneficiary (or trustee) to borrow against the real estate. Trusts commonly allow for the trustee to obtain a trust loan for the benefit of the trust or beneficiaries. Trustees can encumber and pledge assets of the trust and guarantee debts for the benefit of the trust and beneficiaries.
Trust Loans for Beneficiaries
Trust loans are frequently used by beneficiaries (siblings, heirs) who wish to divide an interest in trust-owned real estate assets. Often one of the beneficiaries wants to maintain ownership of the real estate while other beneficiaries want cash in exchange for their interest in the property. Trust lending solves the problem by providing fast and flexible funding for the beneficiaries.
Proposition 58 – Avoid Property Tax Reassessment
Trust loans can also help a beneficiary utilize Proposition 58 in order to avoid a property tax reassessment. Proposition 58 allows for the exclusion of a property tax reassessment for transfers from parents to children. A trust loan can save the beneficiary thousands of dollars per year in property taxes going forward.
Consult an attorney or a tax professional to ensure the transfer is handled correctly.
North Coast Financial Trust Loan Program
Trust Loan Program
| Loan Application Approval Timeline | Same day approval available |
| Time to Fund Loan | 1-2 weeks |
| Property Types | Residential (Single family, multi-family), Commercial |
| Loan Amounts | $20,000 – $3 Million+ |
| Loan Terms | 1-3 years |
| Lien Position | 1sts, 2nds |
| Loan to Value (LTV) | 1sts – Up to 70-75% of current value 2nds – Up to 65% CLTV |
| Fees | No appraisal fees (in most situations) and no hidden fees |
| Trust Loan Interest Rates and Points | Please contact us for information on current rates and points |
Trust Loan Frequently Asked Questions:
A trust loan is a loan against real estate assets within a trust, typically for the benefit of the trustee or trust beneficiaries.
A trust is a separate legal entity which holds assets on behalf of beneficiaries. The trust specifies how the assets are passed to beneficiaries. Holding assets in a trust is popular as the assets do not have to go through the probate process upon the passing of the trustor.
Probate is not required to change the title of the assets when the trustor of the trust dies. The probate process in California can take 12 to 18 months and require various fees and taxes to be paid.