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HanoverMC offers completion construction financing to owners, builders, and developers for Unfinished and unoccupied commercial and residential Construction projects in Southern California.
Flexibility |
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Terms up to 6 months |
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No DTI ratio calculated |
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No prepayment penalties |
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No interest payments to interest only payments. |
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Completion budget fully funded. |
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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 where existing financing has been depleted.
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 completion loan.
Whether you are an owner builder, using a contractor, or building on spec, our simple and cost effective construction completion 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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