April 11 2024
Assessing The Risks And Rewards Of Hard Money Loans
Navigating the Terrain: Assessing the Risks and Rewards of Hard Money Loans
Private Hard Money Loans In California
No Upfront Fees | Quick Approvals | Fast Closings
Residential and Commercial Loans Tailored To Your Needs
California’s GO TO Bank-Alternative Financing Company
Bridge Loans
Short-term bridge loans for immediate needs to bridge the gap until you can complete and stabilize, and refinance or sell.
Learn MoreTerm Loans
Our term loans are designed to provide a solution where you can fully pay back the principal over a mid-range term.
Learn MorePermanent Loans
Our permanent loans are intended to provide a long-term solution to pay back your financing with up to a 40-year amortization.
Learn MoreWhat Is The Process?
We Make The Process Of Getting A Loan Simple And Easy!
Apply Online Or By Telephone
Fill out our simple online application that only takes a few minutes to complete, or give us a call toll free at 866-903-5034 to apply.
Receive A FREE Quote
Upon review of your application, if approved, you will be provided with a quote containing all the details of the loan.
Go Into Underwriting
If the terms of the quote are acceptable to you and upon receipt of your documentation, your loan file goes into formal underwriting.
Close And Get Your Funds
Once underwriting is complete and all requirements are received, we prepare loan documents for your signature and schedule a closing.
Acceptable Property Types
Apartments
Residential income producing structures containing 5 or more dwelling units with common areas, facilities, and amenities.
Automotive
Truck and auto repair, service stations, auto parts, dealerships, parking lots, garages, road stops, and non-flagged gas stations.
Commercial
General use, special use, single use, and mixed-use properties, apartment buildings, office buildings, office condos, and retail properties.
Hospitality
Non-flagged hotels and Motels, bed and breakfasts, board and care, halfway and sober living, and fraternity/sorority houses.
Land
Raw land, entitled land, sub-divided land, and building lots where residential, commercial, or special use properties can be built.
Light Industrial
Storage cold/freight facilities, nursery or contractor's yards, factories and manufacturing plants, mini-storage, and self-storage properties.
Religious
Houses of worship real estate including churches, synagogues, temples, schools, and other types of religious focused properties.
Residential
Single family homes, manufactured, mobile and modular homes, townhouses, condominiums, duplexes, tri-plexes, and multi-family.
Acceptable Use of Funds
Acquisitions
Borrow for the acquisition of real estate for investment purposes or business owner occupied.
Construction
Loans for the ground up or tear-down construction of investment or business use properties.
Debt Consolidation
Financing that allows you to consolidate multiple existing loans into one single payment loan.
Entitlements
Borrow to cover the soft costs to secure entitlements for investment or business use real estate.
Major Equipment
Use the equity in your real estate to purchase major installed or non-installed business equipment.
Payables
Use the equity in your real estate to secure capital to pay business related bills or other obligations.
Partner Buy-Outs
Secure financing to buy-out the interest in full operating partners or passive limited partners in your property.
Refinancing
Refinance existing maturing or higher cost debt, or to cash-out for re-investment into your property.
Renovations
Get a loan to renovate a property for fix and flip or fix and hold, or for your business property.
Repositioning
Borrow to takes actions to reposition a property that is not stabilized, is obsolete, or transitional.
Soft Costs
Borrow to cover soft costs including engineering and architecture, legal, permitting, and more.
Working Capital
Use your investment or business real estate as collateral to secure working capital funds.
Let's Work Together And Get Your Deal Done!
At Hanover Mortgage Company, we love working together with our borrowers to tailor a solution that meets their needs.Testimonials
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DISCLAIMER
Hanover Mortgage Company is California licensed only. Real Estate Broker – California Department of Real Estate. Broker License #01410448 │ NMLS I.D. Number: 337458. INTEREST RATES CAN CHANGE WITHOUT NOTICE. ASK US FOR CURRENT RATE INFORMATION. BORROWERS AND PROPERTIES MUST QUALIFY. CONDITIONS AND RESTRICTIONS MAY APPLY. Loan programs, amounts, rates and terms are subject to change without notice. Loan approval is not guaranteed and all loan applications are subject to verification of acceptable credit, income, employment, lien position and value of collateral in the sole discretion of Hanover Mortgage Company. Flood and/or property hazard insurance may be required. Additional fees, conditions, restrictions and limitations may apply. Not all programs are available in all areas. The interest rate for adjustable rate mortgage loans is subject to increase. Please contact Hanover Mortgage Company to determine your eligibility for a specific loan product. Hanover Mortgage Company does not offer financing for those transactions defined as ‘Covered Loans’ or ‘High Cost Loans’ in any state or federal law. Hanover Mortgage Company is a Mortgage Broker. Mortgage Broker fees will apply unless stated otherwise. Disclosure: Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. State law dictates that we acknowledge that interest on trust deeds is not guaranteed. No investment is completely risk free and past performance is not a guarantee of future results. Before investing, investors must be provided applicable disclosure documents. Investment Products: Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value • Are Not a Deposit • Are Not Insured by Any Federal Government Agency.