We specialize in loans to trusts and estates. When a child beneficiary is inheriting a parent's home as his or her share of a trust distribution or estate and they want to take advantage of Proposition 19 or Proposition 58 to avoid property tax reassessment, we can provide the financing needed for an equal distribution to be made.
If you are hoping to keep your parent's low Proposition 13 tax base and your attorney is recommending a 3rd party loan, call us! We are one of the only California lenders who will lend directly to an irrevocable trust or probate estate. We specialize in providing the loans needed to take advantage of a Prop 19 property tax benefit and reassessment exclusion.
If you are hoping to keep your parent's low Proposition 13 tax base and your attorney is recommending a 3rd party loan, call us! We are one of the only California lenders who will lend directly to an irrevocable trust or probate estate. We specialize in providing the loans needed to take advantage of a Prop 19 property tax benefit and reassessment exclusion.
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About Us
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Commercial Loan Corporation is a professional private money lender. We have been lending in California since 2007. Commercial Loan Corp originates loans to trusts and estates; including irrevocable trusts. We can help you maximize the distribution for your trust or estate, saving a trust or estate over $50,000 on average.
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We will provide you with a Free Cost Benefit Analysis to see if a trust loan makes sense for you. We can let you know how much you might be able to save by taking advantage of California Proposition 58 and preserving a parents low property tax base on an inherited property. You may also call us at 877-464-1066 for immediate assistance.
Trust & Estate Loans
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Commercial Loan Corporation works with Attorneys and their clients to provide 3rd party funding to trusts and estates. By doing so, we help our clients take advantage of California Prop 58 and California Prop 19 to keep the low Prop 13 tax base paid by their parents (or grandparents). Proposition 58 is codified by section 63.1 of the Revenue and Taxation Code.
Borrower Info
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We are a direct lender specializing in providing loans to trusts, estates and clients inheriting a home from a parent. Our loan provides the cash needed to allow each beneficiary, heir or sibling to receive an equal portion of the assets of a trust or inheritance. This allows one person to retain real estate while others receive cash or cash and other assets.
Attorneys Info
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One of the most common loans that we provide at Commercial Loan Corporation are bridge loans that provide liquidity for the Non Pro Rata Distributions of family trusts. The primary goal of these loans are to allow a child inheriting a home to keep a parents low Proposition 13 tax rate in place by taking advantage of the Proposition 58 or Proposition 19 exclusion from reassessment.
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