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Santa Ana, CA- Trust Balance Loan (attorney referral)

  • Loan Amount: $400,000
  • Term: 11 months

We are not attorneys but we work with attorneys and accountants on keeping up to date with issues that affect our industry.  An attorney gave us this lead and worked with us on a loan to a trust in order to balance out distributions to multiple beneficiaries of the trust. We have done several of these trust balance loans and they require us to follow special loan rules and guidelines in order for the trust beneficiaries to receive maximum benefits.  In this case the property was handed down to a second generation and able to maintain the previous low tax assessed value.