Can an irrevocable trust get a loan?

Can an irrevocable trust get a loan? Yes! This type of loan is commonly needed for successor trustees and beneficiaries who need to divide interest in real estate. In California, an irrevocable trust loan allows the beneficiary who will own the property going forward to apply for Prop 58, which prevents a property tax reassessment.

North Coast Financial (NCF) is an experienced private money lender providing trust loans in California.

NCF is able to make the irrevocable trust loan directly to the trust, allowing the title transfer to be parent to child as opposed to sibling to sibling (necessary for Prop 58).

We also provide probate loans: How to refinance inherited property to buy out heirs

North Coast Financial, Inc.
2424 Vista Way #202
Oceanside, CA 92054
760-722-2991
jeff@northcoastfinancialinc.com