PB Financial Group makes hard money loans in Los Angeles that are highly sought after by real estate investors. We do not place much emphasis on credit histories when we are asked to provide funding for real property transactions. As long as you have a minimum of 40 percent equity in the property, it is likely that we will be able to approve the loan. You can have the funds in a week or two under routine circumstances, but we can expedite and provide five day closings if necessary.
In addition to the loans that we provide to facilitate real estate purchases, we also specialize in hard money loans in Los Angeles for inheritance purposes.
Many people assume that assets are immediately transferred to the heirs that are named in a last will after someone passes away. In fact, the executor or personal representative that is handling the estate administration tasks must submit the will to the probate court.
The court supervises the administration of the estate, and the inheritances cannot be distributed to the rightful heirs until the estate has been probated and closed by the court. The exact duration of the probate process will vary depending on the jurisdiction and the nature of the assets. At minimum, it will take around 10 months, and in complicated cases probate can last for multiple years.
Sometimes an heir, or multiple heirs, will want to access funds from the estate for one reason or another. There can be expenses that must be paid while the estate is being probated, and in some instances, one inheritor will want to buy out another beneficiary’s interest in a piece of property. We provide hard money loans for people in such cases who are looking for liquidity while an estate is been probated.
Contact PB Financial Today!
If you are interested in hard money loans in Los Angeles to facilitate a smooth transition through probate, contact PB Financial today and schedule an appointment with one of our experts at 877-700-3703 or visit www.CalHardMoney.com for further information.