Scroll Top
2 N Central Ave #1800, Phoenix, AZ 85004

Arizona Probate Loans, Estate Loans, Trust Loans & Inheritance Loans

Barrett Financial Group provides residents in the state of Arizona with estate loans, probate loans, inheritance loans, and trust loans for beneficiaries and heirs who require short-term funds when they refinance an inherited real-estate only property. Based in Arizona, our company has many years of experience in this field offering our customers fast approval and funding, along with competitive rates for probate loans, as well as superior customer service. We encourage you to contact us today to have your probate estate loan funded as quickly as possible.

Inheritance loans, trust loans, estate loans, and probate loans are all short-term loans against some type of real estate asset that is currently illiquid. This particular type of loan is commonly referred to as an inheritance advance or a probate advance. The estate in question may be going through the trust administration or probate process or the heirs of the inheritance may want to divide the ownership of their property in the estate. Barrett Financial Group also works with lawyers who have a client who needs to take out a loan against their real estate assets that are in a trust or estate.

Get Funded Today

If you prefer to email us, fill out the form below and an associate will contact you to review the loan scenario and provide a quote.

Probate Loans Against an Estate

The assets from or in an estate are not able to be distributed to heirs until the probate process is finished. Unfortunately, probate can last from six months to three years. While this lengthy process is going on, heirs may discover they are in a situation where they require probate funding. With a probate loan, an heir or the probate administrator can borrow against the real estate that is in the estate until the probate situation is settled. In many situations, borrowing against the real estate in an estate is a much more affordable option than a cash advance.

Estate Loans to Satisfy the Obligations of the Estate

While the probate process continues, the heirs may require a probate advance to get the funds needed to cover several financial obligations that are related to the estate. These include the costs related to the funeral, making mortgage payments, various legal expenses, settling claims or debts on the estate, paying property taxes, making any needed repairs to properties, or paying off or buying out heirs. With an estate loan, an heir can borrow against the real estate contained in the estate to get the funds needed to handle immediate obligations. Any loan against probate real estate assets can help provide beneficiaries and heirs with a bit of breathing room during this challenging situation.

Buying Out Siblings with an Estate Loan

A fast and easy method for buying our beneficiaries or siblings is an estate loan. With this, those involved can divide the interest in the estate if it contains real estate. The beneficiary that wishes to maintain ownership over the real estate can get an estate loan with all the proceeds going to buy out the other beneficiaries. All beneficiaries and siblings of the estate have to approve the loan that is placed against the real estate. It’s also necessary for them to reach an agreement on the real estate’s value. In most cases, this is obtained through and appraisal.

Trust, Estate, and Probate Loans for Fiduciaries and Attorneys

Barrett Financial Group will work right with fiduciaries and attorneys who have to borrow against real estate on the behalf of a trust or client’s estate. Our team can provide assistance for executors, trustees, and administrators who need fast funding for a short-term loan against a trust or estate. The funds that are borrowed can then be used for paying attorney fees, to pay off other siblings and heirs, to settle debts, pay taxes, and any other obligations of the estate or trust. A beneficiary, trustee, executor, administrator, or probate attorney can initiate the request to get the estate or probate loan.

Contact Hard Money Lenders Arizona anytime, to speak with one of our very helpful and highly knowledgeable loan specialists about your property investment funding in Arizona
Excellent4.9 Based on 204 reviews fromSean C.Sean C. ★★★★★ I had the pleasure of working with Michael to secure a loan for our home. He was able to gather our information, and close, record, and fund the loan within 10 days! the process was the least painful loan process I've experienced. The timing was perfect, we needed the good news and the great experience. Thanks again Michael we really appreciate it.Response from the ownerSean, thank you so juch!! Was a true pleasure to work with you. You made me look good! Looking forward to working with you again!!! John B.John B. ★★★★★ Michael is a pleasure to work with. He strives to make sure every aspect of the lending process is made clear and works hard to make sure things get taken care of ASAP.Taylor S.Taylor S. ★★★★★ Michael gets it done! If there is a deal that has any obstacles, like one I was recently working, Michael is a true deal saver. Highly recommend.Response from the ownerThank you Talyor! This will be the first of many to come! Levi D.Levi D. ★★★★★ Absolutely the best lender I have worked with thus far. Straightforward, efficient and personable. I will only be using this lender from now on!Response from the ownerThank you so so much. It was great meeting with you and I hope this is the first of many deals we do together!! Emily M.Emily M. ★★★★★ We had a wonderful experience with Michael Iuculano. The process for our loan was only about 2 weeks start to finish. They found us the perfect lender for our project with terms that were agreeable to all parties. He was super responsive to all of our questions and understood what we needed from the beginning. We will definitely be working with him again!Response from the ownerEmily, thank you so much to you and Luke. I am ecstatic to have been able to do this deal for you and very much looking forward to being your go to Guy!! Justin B.Justin B. ★★★★★ Quick and responsive! Definitely educated me on what I needed to make things happen! Thank You Guys!Response from the ownerJustin, very much appreciated! Thank you and looking forward to working with you again! Jacque M.Jacque M. ★★★★★ Michael was amazing! He closed my transaction in three and a half weeks without any hiccups. Diane Chamberlin, his assistant, was also extremely helpful and expedited the process. I would highly recommend!Response from the ownerThank you Jacque, it was a pleasure working with you and glad to have been able to help! Greg L.Greg L. ★★★★★ Easy process and quick turnaround. Mike and his team made it easy.Response from the ownerGreg, Thank you so much for the opportunity to help your clients! We look forward to working with you again soon! Osiel A.Osiel A. ★★★★★ Tim D.Tim D. ★★★★★ All I have to say is that Mike is well known and I’ve worked with him in the past, as well. He will get it done. In this case we had 48 hours. He got it out and signed in 24 hours, from the time I brought it to him. Saved customers house. Fantastic job, Mike.Response from the ownerTim, we appreciate working with you again and as always. You made it very easy and we are delighted with the result! David R.David R. ★★★★★ I read Michael's ad in a home buying magazine and after having two other loan "order takers" just give up, I decided to give him a call. Best thing I could have done. Working with Michael is such a great relief because he gets that not every loan is some "cookie cutter, fit the formula" type of transaction. He takes the time to ask questions and find out what the goal of the loan is. In my case it was to unlock equity in other properties so I could better leverage my rentals. Michael had the knowledge and contacts to get my loan completed, and offered a few different solutions .Michael's assistant Lara made sure everything got done right, and on time. She is great to work with, and responded quickly to any question I had. Together they make a great team and I look forward to working with them in the future.Response from the ownerDavid, thank you so much for your reply. We loved working with you and you were extremely prompt and responsive so it's certainly made it easier and faster. We are looking forward to working with you again soon! Sean M.Sean M. ★★★★★ Michael Luculano and his team are nothing short of miracle workers in making a complex deal easy.My wife and I were recently visiting Scottsdale for her birthday and had decided to look at a few homes. Nothing immediate, just getting ideas for the future. Then on the last day we run into the perfect new construction home, only problem is we weren't prepared to buy. Most of our long-term funding was tied up in our home back in Oregon and to complicate things further, the seller had another cash offer on the table and a ridiculously fast 3 week closing requirement to secure the property.So, we took a leap of faith and called Hard Money Lenders with Barrett Financial and got Michael on the phone. That quickly took us from an impossible deal to closing on our new home in record time. Michael clearly communicated all the terms and numbers up front. And being such a rapid deal with a large amount of escrow on the line, he personally checked in with us daily.We have worked with a lot of great people in the real estate and mortgage industries for over 30 years and have to say that Michael is one of the top professionals we have ever met. A true expert in mortgage and bridge loans / private lending. Even better, it was clear to us every day that Michael truly cares about his clients. Best phone call we could have ever made.Thank you, Michael and Lara, for helping us make this North Scottsdale dream a reality!Response from the ownerSean, it was an honor to get the opportunity to work with you. I take my clients very seriously and it was awesome to work with you on this and earn the right to share in your joy. You were very responsive to all my calls and you were definitely a contributor in the outcome. I appreciate this opportunity immensely and welcome to Arizona! Steven S.Steven S. ★★★★★ I had a great experience working with Michael. He was quick, communicative, and professional. The whole process was easy and I got my funding very fast.Response from the ownerSteven, we appreciate you so much. You were amazing to work with and super responsive. Thank you so much for the business and the trust! We look forward to working with you again soon! Cindy D.Cindy D. ★★★★★ Excellent service! Michael was able to close our loan at a lower interest rate than originally quoted, as an added benefit to the already pleasant experience of working with Michael & his team. We closed ahead of time, no suprises, no drama, just positive results. The professional, dedicated staff was impressive as well. For positive results, this should be your mortgage choice.Response from the ownerCindy, it was an absolute pleasure to work with you and you certainly made it easier by being so thorough. Thank you so much and we hope to work with you again soon! Darlene L.Darlene L. ★★★★★ Mike was so very helpful in getting a loan for my new house! THANK YOU!saleh abd al H.saleh abd al H. ★★★★★ Michael, thank you so much you made this process so easy, I really appreciate it so muchSaleh.wyatt A.wyatt A. ★★★★★ Recently used Mike for an investment purchase. Everything went smoothly. All fees were disclosed up front and matched at closing. Definitely using them again!John H.John H. ★★★★★ Micheal my guy straight handled business in a timely fashion I like to say thanks to you and your staff . Highly recommendSabria W.Sabria W. ★★★★★ Pleasant experience very professional and simply gets the job done, I look foward to our next deal.D ND N ★★★★★ Awesome lender that made things really simple to work with. Went above and beyond to get us a higher LTV than most of the other well-known lenders and had a quick close. Highly recommend using them!Steven R.Steven R. ★★★★★ Working with Michael was an absolute pleasure. I have done a lot of real estate transactions over the years and appreciate it when someone cares about their customer and getting the deal done on time and at the terms I was quoted. There are many bait and switch lenders out there but Michael and his team were always available when I had a question and when a potential issue popped up he was on it even while on vacation to get it resolved. That’s the type of service I expect and appreciate. Highly recommend if you’re looking to finance a deal.StevenErnest K.Ernest K. ★★★★★ Pablo R.Pablo R. ★★★★★ Michael and Lara were so easy and amazing to work with. On top of that, Michael really values relationships and will make sure what he says is delivered. Anyone looking for a hard money team, THIS IS THE ONE!!Celly D.Celly D. ★★★★★ Michael and his team were very professional and extremely proficient and were able to find a solution for my client when no other lender could not! Highly recommend him!!Jean P.Jean P. ★★★★★ Michael provided excellent customer service. I would recommend him to anyone. Thanks for your help and fast prompt service.js_loader

Tips for Refinancing Inherited Property to Buy Out Heirs

When someone inherits property, issues may arise when one heir wants to keep ownership, but others want to sell the interest they have in the inherited property for cash. The person who opts to keep the property inherited may not have enough cash on hand to pay the other heirs or siblings, so they have to pursue an option to refinance the inherited property. A hard money lender who can provide home equity loans for inherited property is usually the easiest and fastest solution to increase cash and make it possible to buy out other heirs.

The process of refinancing an inherited property usually can’t be done by a more traditional lender such as credit unions and banks. In many cases, the title to inherited property is usually in the name of the estate or trust. Since the title of the actual property isn’t in the name of the person borrowing the money, receiving a mortgage on the inherited property from the bank or credit union is extremely challenging. Banks typically are not interested in refinancing property that has several heirs.

The most viable solution to this issue is to work with a hard money lender who fully understands how heirs should refinance inherited property to buy out other heirs. Before opting to refinance the inherited property, all the heirs have to agree on the existing value of the property and determine the total amount of cash that each heir will receive as their portion.

With an experienced direct hard money lender, Barrett Financial Group has the ability to provide heirs with a home equity loan on real estate. This type of loan actually goes by several names. You may hear of it as inheritance property refinance loans, inheritance loans, estate inheritance loans, trust loans, estate loans, probate real estate loans, probate estate loans, and probate loans. These types of loans all offer heirs a cash out refinance for inherited property.

A hard money lender can refinance all types of inherited property and provide a loan directly to the estate or trust while having the heir take on the loan. Then the proceeds of the loan are distributed to the heirs that are receiving the buy out when they sell their share of the property that was inherited. When the inherited property is refinanced is finished, the owner/borrower will transfer the title of the property into their name and apply for bank loans to get a longer loan term and a lower interest rate.

Comparing Times When Inherited Loans are Needed

Being able to inherit a house or other real estate that has no mortgage is the ideal situation as it offers bigger equity distributions for all the heirs. If heirs happen to inherit a property that has an existing mortgage, then the mortgage has to be paid off first. This is the case unless the heirs only have to have a small second loan behind the first one. The total amount of equity available to the heirs will be reduced based on the balance of the current loan.

When it comes to hard money loans for any purpose, our team at Barrett Financial Group can help you. We offer a wide array of loan opportunities to ensure that everyone can get the money they want and need for an affordable rate. Make sure to contact our team if you are in any of these situations. We can help you with a viable loan solution that will meet your needs and get you the necessary funding in a timely and efficient manner.

Why Choose Hard Money Lenders AZ?

Contact Us for More Information

If you are interested in using our services, then reach out to us today. Our team will help ensure you get the funds you need for the investment you want to make. Be sure to read our terms and requirements to minimize the issues related to securing a loan. Our goal is to help make this process easy and hassle free for any borrower, regardless of the property, price, or location. Learn more by contacting us today. We are here to help you with any real estate need that you may have.

Google Rating
Based on 204 reviews