Borrower Area

Private Hard Money Financing

Hanover MC is not a bank. And that's great news for our borrowers, because we use private capital to make hard money loans secured by real estate quickly and efficiently. Even if your FICO® score isn't perfect or your Income doesn't fall into traditional guidelines, our non-bank, hard money loans allow for flexibility. If a fix and flip, rental buy and hold, commercial rehab, manufactured construction or small business startup is in your future, then it is time you met Hanover MC.

We realize a "one size fits all" approach to lending doesn't work. Conventional loans are underwritten to a traditional standard that evaluates transaction metrics within a box, unable to deviate from modeling tools and matrices. What works for one, may not work for another, which is why there simply can't be a one-size-fits-all approach to lending.

Hanover MC was formed with the vision to break away from homogeneous lending and takes a holistic approach to underwriting hard money loans, as no two transactions are alike. Our method is to account for transaction-specific characteristics, evaluating each and every loan metric on its own merits, using different strategies to underwrite different types of transactions.

We have cultivated a strong network of capital partners who are well-qualified, accredited, see value in our approach and actively seek to fund the hard money loans we underwrite.

No single metric tells the story. We challenge the way credit and loan decisions are being made today and bring together people, processes and data to view the whole picture.

You're not 'a loan'. Our process is highly individualized to gain a clear and true understanding of the unique borrowing attributes and needs of each borrower client.

No Upfront Fees
You can get started with no upfront fees or deposits.

No Pre-Payment Penalty
All loans may be paid down or paid off prior to maturity with no prepayment penalties.

Term Of Up To 60 Months
We structure loans with a standard 1 Year or 5 Year balloon and up to a 40 year amortization.

Minimal Documentation
With our private hard money loans, you do not need to supply endless documentation.

Flexible Underwriting
Our underwriting is flexible where we can work around issues that a bank cannot.

Why Work With Hanover MC

Providing Private Hard Money Since 2001

Industry Low Rates

Rates are as low as in the 8's, depending on property type, location, and sponsorship.

Competitive LTV

Borrow up to 65% of your property value depending on details of the transaction.

Loans As Small As $50,000

We arrange real estate loans from small amounts on up to $2,500,000.

Here are some of the highlights of the types of loans we offer:

Short-to-medium term lending secured by a variety of real estate from small-balance commercial to investment residential.

Fix and Flip
A Real Estate Investor program to Purchase, Repair & Sell or Hold investment properties based on their After Repair Value (A.R.V).

Fix and Hold
A Real Estate Investor program to Purchase, Repair & Hold investment properties based on their After Repair Value (A.R.V).

MHP Communities
Financing for Mobile Home Parks & Manufactured Housing Communities located in California.

Factory Built
Manufactured/Mobile and Modular homes financing of new and pre-owned (used) factory built units on land.

Unfinished Construction
A financing program for unfinished and unoccupied commercial and residential properties in Southern California.

Non-Warrantable Condos
Condominium Unit Mortgages for individual dwelling units located in non-approved Condominium Projects.

Faith Based
Capital to renovate, purchase, or expand a 'sanctuary' building owned by faith-based organizations or refinance a mortgage.

Probate Loan
Assisting fiduciaries and court appointed trustees with capital needs such as property maintenance, eviction of tenants, and debt service.

Estate Loan
Short term capital for Trusts & Probate Administration used to repair property for sale, manage administrative expenses, and cover ongoing carrying costs.

Trust Loan
Short term capital to trustees who borrow on behalf of the trust, secured by real property in California, that is held in a Trust.

Fiduciary Loan
Trust and estate loans to California attorney's seeking to borrow on behalf of their client's trust or estate. Use liquidity to pay attorney's fees, taxes, or judgments.

Here are some of the acceptable property types:

General Use, Special Use and Mixed-Use Properties, Apartment/Multi-Family, Office, Office-Condos, Retail and Industrial.

Residential structures containing 5+ multiple dwelling units with common areas and facilities.

Religious Facility
Houses of Worship, Church, Synagogue, Temple.

Truck and Auto Repair, Service, Parts, Dealerships, Parking Lots, Garage/ Storage, Stops/ Terminals, Non-Flagged Gas Station.

Non-Flagged Hotels and Motels, Board and Care, Halfway and Sober Living, and Fraternity and Sorority Houses.

Light Industrial
Storage Cold/Freight, Nursery or Contractors Yards, Factories and Manufacturing Plants.

Residential Real Estate
Investment residential property - rental property or property bought for subsequent sale (not owner occupied) - Single Family Residence (SFR), Manufactured/Mobile and Modular Homes, Townhouses, Condominiums, Condotels, Multi-Unit Properties.

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Hanover Mortgage Company is California licensed only. Real Estate Broker – California Department of Real Estate. Broker License #01410448 │ NMLS I.D. Number: 337458. INTEREST RATES CAN CHANGE WITHOUT NOTICE. ASK US FOR CURRENT RATE INFORMATION. BORROWERS AND PROPERTIES MUST QUALIFY. CONDITIONS AND RESTRICTIONS MAY APPLY. Loan programs, amounts, rates and terms are subject to change without notice. Loan approval is not guaranteed and all loan applications are subject to verification of acceptable credit, income, employment, lien position and value of collateral in the sole discretion of Hanover Mortgage Company. Flood and/or property hazard insurance may be required. Additional fees, conditions, restrictions and limitations may apply. Not all programs are available in all areas. The interest rate for adjustable rate mortgage loans is subject to increase. Please contact Hanover Mortgage Company to determine your eligibility for a specific loan product. Hanover Mortgage Company does not offer financing for those transactions defined as ‘Covered Loans’ or ‘High Cost Loans’ in any state or federal law. Hanover Mortgage Company is a Mortgage Broker. Mortgage Broker fees will apply unless stated otherwise. Disclosure: Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. State law dictates that we acknowledge that interest on trust deeds is not guaranteed. No investment is completely risk free and past performance is not a guarantee of future results. Before investing, investors must be provided applicable disclosure documents. Investment Products: Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value • Are Not a Deposit • Are Not Insured by Any Federal Government Agency.