Hard Money Mixed-Use Loan — Berkeley, CA 94702 | Hanover MC
By Hanover MC On April 29 2025
Buy and Hold Mixed-Use Real Estate: A Smart Investment Strategy for Long-Term Cash Flow and Growth.
HANOVER MORTGAGE COMPANY · CLOSED TRANSACTION · BERKELEY, CA
Hard Money Mixed-Use Loan — Berkeley, CA 94702
Buy & Hold · 1st Trust Deed · $780,000 · 64% ARV · 5-Year Balloon
By Hanover MC | Closed Transaction
Loan Summary
|
Loan Amount |
$780,000 |
|
Loan Position |
1st Trust Deed |
|
Loan Purpose |
Purchase — Buy & Hold · Business Purpose |
|
Property Type |
Mixed-Use — 1 Retail Unit + 2 Residential Units |
|
Structure |
Two freestanding wood-framed structures |
|
Location |
Berkeley, CA 94702 — Alameda County |
|
LTV |
64% of After Repair Value (ARV) |
|
Amortization |
40 Years |
|
Term |
5-Year Balloon |
|
Prepayment Penalty |
None |
|
Underwriting |
In-House |
|
Loan Committee |
None |
About This Closing
Hanover Mortgage Company arranged a $780,000 hard money 1st trust deed on a mixed-use property in Berkeley, CA 94702. The loan was structured as a business purpose buy-and-hold acquisition at 64% of the after-repair value.
The subject property consists of two freestanding wood-framed structures on the same parcel — one retail unit and two residential units. At the time of purchase, the subject property was vacant. Underwriting was asset-based and experience-based — evaluated on the collateral, the equity position, and the deal structure.
Underwriting was completed in-house by Hanover Mortgage Company. Custom loan documentation was ordered for this transaction. There was no loan committee.
No prepayment penalty. 40-year amortization. 5-year balloon.
Transaction Highlights
• 1st trust deed position — senior lien on mixed-use Berkeley property
• 64% LTV on after-repair value — asset-based underwriting
• Mixed-use collateral — retail unit + two residential units on one parcel
• Buy and hold strategy — income-producing asset with residential and commercial tenancy
• 40-year amortization · 5-year balloon · no prepayment penalty
• In-house underwriting by Hanover Mortgage Company
• Custom loan documents ordered for this transaction
• No loan committee
• No upfront fees
• Business purpose only
Why This Deal Worked
Mixed-use properties — particularly those with separate retail and residential structures on a single parcel — require experienced, asset-based evaluation. The retail component, the two-structure configuration, and the buy-and-hold strategy were each underwritten on their own merits.
At 64% of ARV, the equity cushion supported the loan position. No bank. No loan committee. Asset-based and experience-based underwriting — not automated checklists.
Hanover MC arranges hard money loans on mixed-use, commercial, and investment properties throughout California — evaluating each deal on the asset, the equity position, and the borrower's exit. Business purpose only.
Have a mixed-use deal in California? No upfront fees. No loan committee. Business purpose only.
(714) 838-1474 x102 | Apply Online →
Berkeley, CA 94702 — Market Context
Berkeley is a city in Alameda County, California, located on the eastern shore of San Francisco Bay. The 94702 zip code encompasses residential and mixed-use neighborhoods in West Berkeley and the Lorin district — areas with a concentration of multi-unit and mixed-use properties.
Berkeley's proximity to UC Berkeley, public transit corridors, and the broader Bay Area employment base supports consistent demand for both residential and commercial rental space. Mixed-use and infill properties in the city's denser corridors have historically attracted investor interest due to their dual income streams and location fundamentals.
Hanover MC has arranged hard money and private money loans on mixed-use properties throughout the Bay Area and Alameda County.
Frequently Asked Questions
Can I get a hard money loan on a mixed-use property in Berkeley, CA?
Yes. Hanover MC arranged a $780,000 hard money 1st trust deed on a mixed-use property in Berkeley, CA 94702 — one retail unit and two residential units across two freestanding structures. Business purpose only. No upfront fees. Call (714) 838-1474 x102 to discuss your scenario.
What is a mixed-use hard money loan?
A mixed-use hard money loan is a business purpose loan secured by a property that contains both residential and commercial components. In this Berkeley transaction, the collateral consisted of one retail unit and two residential units in two freestanding wood-framed structures on a single parcel, with a 1st trust deed recorded in Hanover MC's position.
What LTV does Hanover MC use on mixed-use hard money loans?
LTV varies by property type, location, condition, and deal structure. This Berkeley transaction was arranged at 64% of the after-repair value. Loan programs, rates, and terms are subject to change without notice. Call (714) 838-1474 x102 for current parameters.
How fast can Hanover MC close a hard money mixed-use loan in the Bay Area?
Hard money loans arranged by Hanover Mortgage Company close on a timeline that depends on title, appraisal, and underwriting approval. Timeline is not guaranteed. Call (714) 838-1474 x102 to discuss your specific scenario.
Does Hanover MC arrange hard money loans in Alameda County and the Bay Area?
Yes. Hanover Mortgage Company is California-licensed and arranges hard money and private money loans statewide — including Alameda County, Berkeley, Oakland, Emeryville, and throughout the San Francisco Bay Area. Business purpose loans only.
Does Hanover MC have a loan committee?
No loan committee.
Does Hanover MC charge upfront fees?
No upfront fees. Hanover Mortgage Company does not charge fees until a loan closes. Mortgage broker fees may apply at closing unless otherwise stated.
Have a Mixed-Use or Commercial Deal in California?
Hanover Mortgage Company arranges hard money and private money loans throughout California. No upfront fees. No loan committee. Business purpose only.
(714) 838-1474 x102 | Apply Online →
Business purpose loans only · Subject to underwriting approval · Rates and terms subject to change without notice · California licensed only · CA DRE #01410448 · NMLS #337458
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