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HanoverMC offers short term, interim financing to professional real estate investors and renovators in Southern California. These loans can be used for the acquisition, rehabilitation and resale of residential, detached single family non owner-occupied investment properties typically at 65-70% LTV based on the after repaired value of the property.
Flexibility |
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Terms up to 12 months |
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No prepayment penalties |
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Speed – Can close a loan in as little as 10 days. |
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We lend off of the future value
of the property. |
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LTV’s up to 70% |
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Vesting: Individuals, multiple
co-borrowers, partners, LLC’s and Corporations. |
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Property types: (Non-Owner) |
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Single Family Residences
Multi-Unit buildings Apartments |
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Average loan sizes between $50,000 - $500,000. |
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We lend on the after repaired value of the property [typically 65% - 70% ARV] and have the experience and know-how to structure the proper financing required of real estate investors needing two-week closings and timely rehab funds.
With our Rehab Financing programs, you can purchase a property and include the repair costs. We can finance up to 100% of the costs of the purchase plus the repairs. We can even include payments into your loan so you don’t have to come up with financing to make the monthly payments.
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 a professional real estate investor is a relatively smooth and quick process for a rehab loan.
With deal structuring expertise and sufficient local knowledge to quickly qualify a borrower and collateral property, we 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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