Rancho Palos Verdes, CA – $1,200,000

Probate Bridge Loan with Home Improvements, No Payment Required Program

This client had a unique probate situation and was referred to us by his Realtor. The estate taxes were nearing the payment deadline, and his siblings wanted the property sold quickly to receive their inheritance. The property had significant deferred maintenance both inside and out, and there was functional obsolescence due to the removal of walls between the master bedroom and an adjacent bedroom, reducing the house from four bedrooms to three.

The Bridge Loans, Inc. structured a loan to pay off two existing mortgages, cover probate taxes, buy out his siblings, and establish a $250,000 construction escrow account for extensive remodeling. Additionally, no payments were required until the property was sold. Within 9 months, the client was able to sell the property at peak market value, netting an extra $500,000.