Who we are
North Coast Financial, Inc. is a California direct hard money lender. Don Hensel has been a private money lender since 1981. Over 45 years, we have funded more than $1 billion in private money loans secured by California real estate.
We are a direct lender. We fund our own loans, so we do not shop your file to other lenders, and the people you speak with on the first call are the people who make the decision. Our office is in Oceanside, and we lend only in California.
Our main website is northcoastfinancialinc.com, which covers our full range of hard money, bridge and commercial loans. This site, probateandtrustloans.com, is North Coast Financial's resource for one kind of borrower: families and fiduciaries dealing with property held in a trust or an estate.
What this site covers
When someone dies, the house is often the largest asset and the one that is hardest to divide. Banks rarely lend to a trust, an estate in probate, or an heir who does not yet hold title. We do, because we underwrite the property and its equity rather than a borrower's income history. The loans we make here are:
- Probate loans, for executors and administrators who need funds before the estate closes.
- Trust loans and irrevocable trust loans, made to the trustee against property the trust owns.
- Beneficiary buyouts and sibling buyouts, so one heir can keep the house and pay the others their share.
- Proposition 19 and equalization loans, for a child who wants to keep a parent's lower property tax base.
- Estate debt payoff, administration expenses and pre-sale improvements, so the estate can pay what it owes and sell the property for full value.
Every guide on this site is written to help you understand your options, whether or not you borrow from us.
Who we work with
Trustees and successor trustees
You hold title for the trust and owe duties to the beneficiaries. We lend to the trust, with the loan signed by you as trustee.
Executors and administrators
You have Letters from the probate court and an estate to settle. We lend to the estate within the authority the court has given you.
Beneficiaries and heirs
You want to keep the family home, buy out a sibling, or get the property ready to sell. We walk through how that works before anyone signs anything.
Attorneys, CPAs and fiduciaries
You are advising a client who needs liquidity from real estate. You get a direct line to the people who make the lending decision and plain answers on how a loan can be structured.
How a loan works with us
- A conversation first. Call (760) 722-2991. We ask about the property, who holds title, whether there is a trust or a probate case, and what the money is for. There is no cost to ask.
- We review the property and the paperwork. The property and its equity are the main things we underwrite. We do not order an appraisal and we charge no appraisal fee. We also look at the trust certification or the Letters from the court, so the loan fits the trustee's or executor's authority.
- Written terms, every fee named. You see the rate, the points and every lender fee in writing before you commit. No junk fees. Our guide to what these loans cost explains each item.
- Title and escrow close the loan. Funding typically takes 7 days once the documents are in order. A probate sale or loan that needs court approval takes longer, and we tell you that on the first call.
Most of these loans are paid off when the property sells, the estate settles, or the heir who keeps the house refinances. See how fast trust and probate loans fund and the document checklist for detail.
Licensing and accountability
North Coast Financial is licensed by the California Department of Real Estate and registered with the Nationwide Multistate Licensing System. You can check every number below yourself.
| Licensee | California DRE | NMLS |
|---|---|---|
| North Coast Financial, Inc. (company) | Broker #01870870 | ID 323044 |
| Jeff Hensel, Broker Associate | #01510032 | ID 2265149 |
Verify a license with the California DRE public license lookup or on NMLS Consumer Access.
Contact North Coast Financial
North Coast Financial, Inc.
2424 Vista Way #202
Oceanside, CA 92054
Phone: (760) 722-2991
Email: contact@northcoastfinancialinc.com
Main site: www.northcoastfinancialinc.com
Talk to Don or Jeff Hensel
Call (760) 722-2991. Tell us about the property and the trust or estate, and we will tell you plainly whether we can help and what it will cost.
North Coast Financial, Inc. DRE Broker #01870870. NMLS ID 323044. Loans secured by California real estate only.