Blog - Hanover MC

Hard Money Loan Closed in Clearlake, California

G. David Lapin November 6, 2021 No Comments

A Funded Blanket Loan in Clearlake, CA! A hard money loan closed on a single-family dwelling + vacant lot in Clearlake, CA. This blanket loan provided renovation funds to improve a rental property. Borrower is a seasoned landlord with 20+ SFR’s, and regularly makes property updates and renovations to his portfolio to maximize his ROI. Subject is in Clearlake a city in Lake County, California, United States. Clearlake is 4.5 miles north-northwest of Lower Lake, at an elevation of 1,417 feet. As of the 2020 census, the city had a total population of 16,685, up from 15,250 in 2010. It

Hard Money Loan Closed in Sugarloaf, California

G. David Lapin June 13, 2021 No Comments

A Funded Flip in Sugarloaf, CA! This purchase loan provided acquisition and renovation funds for this Fix & Flip project. The property was acquired for $130,000 with an After-Repair-Value of $235,000 and a rehab budget of $30,000. Subject is in Sugarloaf, an unincorporated community residential area less than a mile south of Big Bear City and 8 miles from the eastern tip of Big Bear Lake in the San Bernardino Mountains of San Bernardino County, California. The area is primarily residential with a convenience store and a post office located at the center of the community. There is no municipal

Protecting Your Rental Income During the Pandemic

Hanover April 16, 2021 No Comments

Protecting Your Rental Income During the Pandemic The CDC has extended the federal eviction moratorium through the end of June 2021. Millions of people are behind on rent, and the eviction moratorium is leaving landlords holding the bag. One in four Americans is feeling the financial strain from Covid-19. Most renters are now living paycheck to paycheck. It is highly likely that you have tenants that can’t afford to pay their rent. You may find that you are currently having difficulty filling your rentals during this time as well. Many people are choosing to move in with family members when they