Blog - Hanover MC

Protecting Your Rental Income During the Pandemic

G. David Lapin 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

Los Angeles County Affordable Housing Investment

Hard Money Loan Closed in Los Angeles County, California

G. David Lapin February 13, 2021 No Comments

A hard money Blanket loan closed on an Affordable Housing Portfolio in Los Angeles County, CA. This purchase loan provided acquisition funds to acquire a portfolio of 5 affordable housing apartment buildings. Affordable Housing – For many disadvantaged, working and lower income families, homeownership is out of reach. The benefit of affordable housing is in its ability to enable families to have the opportunity to live in communities close to work, education, and affordable transportation, while making provision for those most at-risk in our society. Source: Affordable Housing News Here are the loan details: Mulit-Family Buildings Purchase Purpose – Investment

Hard Money Loan Closed in Clearlake, California

G. David Lapin October 29, 2020 No Comments

A hard money Blanket loan closed on an income producing property in Clearlake, CA 95422. This cash-out refinance loan against an investment property (an improved lot with two detached SFR dwellings and Vacant lot) provided investment capital to buy investment property. Geologists believe that Clear Lake may be the oldest lake in North America, with lakes existing at its site for approximately 2.5 million years. Clear Lake was born when a huge landslide dammed the headwaters of Cold Creek, blocking westward water flow into the Russian River. Water filled the level valley. The rising waters eventually found an outlet in