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HanoverMC offers construction financing to owners, builders, and developers for projects in Southern California. We specialize in financing commercial and residential projects at 50-55% LTV based on the completion value of the property.
Flexibility |
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Terms up to 18 months |
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No DTI ratio calculated |
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No prepayment penalties |
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No seasoning or tracking of funds to close your loan. |
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The cost of the land and the cost of construction can be combined into one loan. |
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Corporations, Partnerships and LLCs okay with personal guarantees by principal(s) |
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We lend on the Future (completed) Value of the project [typically 50% - 55% LTV] and have the experience and know-how to structure the proper financing required of Contractors, builders and investors who are building a home.
We are direct lenders, not brokers and we do not securitize or sell any of our loans. Every loan is held for portfolio. Like we said, we're not a bank. Our non-bank status means we can skip all the usual formulas and constraints typical of banks. So lending to owners, builders, and developers is a relatively smooth and quick process for a construction loan.
Whether you are looking for owner builder financing options, using a contractor, or building on spec, our simple and cost effective construction financing program can help you meet your most critical financial and timing needs.
We will evaluate your loan request quickly, fairly and efficiently.
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