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.
Services
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.
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.
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.
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.
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.
Reviews (8)
Lawrence Smith
Oct 23, 2021
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I wish to thank CLOANC Account Executive Tanis Alonso-Kluever for her knowledgeable expertise guiding me through the process to securing a bridge loan and a quick refi to a most favorable low rate conventional loan. Tanis' professional and personable customer service is simply incredible! Tanis and CLoanC delivered what was conveyed as promised on all accounts ahead of schedule. Much appreciated!
A heartfelt thank you Tanis and CLoanC!
A heartfelt thank you Tanis and CLoanC!
Jake Cisneros
Oct 20, 2021
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Kor Dris
Jun 14, 2021
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We worked with Tanis and Autumn, and they are the best of many mortgage groups I have ever worked with - from initial questions setting up our bridge loan, getting lowest interest rates available, explaining how things will work, updating on progress, availability and response to messages, processing things immediately, to getting the results that were promised. Thank you!
Janet Sheld
Mar 31, 2021
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Kenneth McNabb was so professional and helpful every step of the way to making this loan happen. He was always available to answer any questions we had and kept us informed with the process. He also worked with my trust attorney so that all went smoothly.
I would definitely recommend this company to anyone who needs a loan for trust issues.
I would definitely recommend this company to anyone who needs a loan for trust issues.
Marco Ramirez
Dec 26, 2020
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Cloanc, Tanis and Autumn were everything you could want in a mortgage service provider. Refinanced a trust estate multi unit investment property in SF. Tanis and Autumn were very friendly, responsive, informed and most of all, professional throughout the process. I received an even better 30yr fixed rate than I thought would be possible and closed in a timely manner. Will most definitely use Cloanc again. Thanks Tanis and Autumn!
Debbie Tellman
Dec 16, 2020
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Tanis and Autumn were very helpful in arranging a loan to our family trust. They were very knowledgable, responsive, and pleasant to work with. I felt they were always on top of things. The loan took longer than we expected due to circumstances outside of their control, but they kept us informed every step of the way. I am glad I came across Commercial Loan Corporation while trying to solve what seemed to us a complicated situation. Tanis and Autumn were able to simplify and facilitate everything for us.
Phillip Moreno
Nov 08, 2020
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Thank you CLC Tanis and Autumn were fabulous in the handling of our parents estate. They both walked us every step of the way and were there to take any and all of our questions. Being new to this sort of transaction this they made it easy and well just a real pleasure finding ba company they don't make you feel like just a number they made us feel like family. If youu need a team that knows all the red tape in estate bridge loans and refinancing please don't hesitate to reach out to this place . KUDOS commercial Loan well done
Judy Williams
Oct 30, 2020
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I am so thankful for the expertise and continuous support I received while working with Tanis Alonso, account executive, and Autumn Skerritt, operations manager, on obtaining my loan needed to settle property in the Family Trust. They were very friendly and professional as they walked me through the process. Tanis and Autumn were always available to answer my calls, text messages, or emails. After my loan was funded, Tanis still stayed in contact with me for any other support I might need. I would highly recommend this Commercial Loan Corporation, with out any hesitation. Thank you for your outstanding
