Blog - Hanover MC

Hard Money Loan Closed in Long Beach, California

G. David Lapin January 17, 2022 No Comments

A Funded Church Loan in Long Beach, CA! A hard money loan closed on a Chruch in Long Beach, CA. This cash-out loan provided working capital for a local religious organization that has been serving its community for more than 20 years. Subject is in Long Beach, a coastal city and port in Los Angeles County, California. It is the 42nd-most populous city in the United States, with a population of 466,742 as of 2020. A charter city, Long Beach is the seventh-most populous city in California. Incorporated in 1897, Long Beach lies in Southern California in the southern part

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