Unlike other lenders, CLOANC specializes in loans to Irrevocable Trusts and Estates in the Probate process. We are also experts in the California Proposition 19 Property Tax Transfer process that allows a child inheriting a home from a parent to avoid property tax reassessment. In fact, we have partnered with the California Assessors Office of Alameda and offer free Continuing Legal Education for both Attorneys and Fiduciaries.
Do you have a client that needs a loan made directly to an irrevocable trust or an estate that is involved in probate? Great news, CLOANC is a lender for trust and estate loans and we make the brokering process as easy as possible for you. In fact, we can take the loan from origination to closing! As one of our brokers, you can help a client avoid costly property tax reassessment on an inherited home and earn a great commission at the same time. Our trust and estate loans typically have a 1-year term and many of the borrowers will require permanent financing at the end of the term. As the referring broker on the loan, we can refer the client back to you so that you can provide them with that permanent financing as well.
Tanis and Autumn were so very helpful. They were patient, kind, and made sure that they were on top of the process from start to finish. The whole process/estate/ problem and its subsequent solution was complicated to me, but Tanis was so knowledgeable and able to navigate it all with ease. I am so thankful to have found her and appreciate her knowledge and expertise.
Dana D. – Lakewood, CA
CLC worked with me on a recent estate property transfer involving a complex series of transactions (ie: temporary bridge loan to our family trust then a subsequent refinance to my name only). This allowed me to maintain a very favorable property tax status going forward. Having lost both parents this past year and dealing with the resulting estate settlement, having a partner such as CLC working with me on the property transfer was a huge help. Special thanks to both Thad Ferrell and Autumn Skerritt for their attention to detail, service and diligence throughout.
Vince B. – San Carlos, CA
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