Construction Completion Loan Closed Lake Arrowhead, CA
By Hanover MC On June 26 2023
Hanover MC arranged a $350K hard money construction completion loan in Lake Arrowhead, CA at 37% LTV. Business purpose. Call (714) 838-1474.
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Hanover MC
Private Money & Trust Deed Lending
Closed Deal · Lake Arrowhead, CA · San Bernardino County
Construction Completion Loan Closed in Lake Arrowhead, CA
$350,000 first trust deed, 37% LTV on completed value, 12-month term, cash-out financing to finish a stalled SFR construction project.
Hanover MC arranged a $350,000 hard money construction completion loan secured by an SFR in Lake Arrowhead, CA, closing at 37% loan-to-value based on completed value in first trust deed position with a 12-month term. With capital provided by private trust deed investors, the cash-out loan provided the funds needed to finish the property's construction.
$350K
Loan Amount
37%
LTV (CV)
1st TD
Position
12 mo
Term
The Deal
This loan provided cash-out financing to complete construction on a residential SFR in Lake Arrowhead, CA, after the original build had stalled. Hanover MC arranged the financing with capital provided by private trust deed investors.
The loan closed as a first trust deed in San Bernardino County with a 12-month term on principal and interest payments, at 37% loan-to-value measured against the property's completed value rather than its as-is value during construction.
Loan Snapshot
- Property typeResidential SFR
- PurposeCash-Out — Construction Completion
- Loan-to-value (completed value)37%
- PositionFirst Trust Deed
- Term12 Months
- PaymentsPrincipal & Interest
- CountySan Bernardino County, CA
- Principal amount$350,000
About Lake Arrowhead, CA
Known as "the Alps of Southern California," Lake Arrowhead is an unincorporated community and census-designated place in the San Bernardino Mountains, surrounded by the San Bernardino National Forest and built around the Lake Arrowhead Reservoir. The community takes its name from an arrowhead-shaped rock formation on the face of the San Bernardino Mountain near Arrowhead Hot Springs, rooted in local legend and visible from the base of Highway 18.
Why Investors Use Hanover MC for Construction Completion
Single Focus
Arranging private money lending and trust deed investing — not split across property management, HOA administration, or brokerage sales.
Completed-Value Underwriting
Comfortable underwriting against projected completed value for stalled or partially finished construction projects.
Mountain & Resort Communities
Experience arranging loans in mountain and resort markets like Lake Arrowhead, alongside major metro areas.
Private Money Mortgage Company
Hanover MC arranges loans on behalf of private trust deed investors who provide the capital.
Frequently Asked Questions
What is a construction completion loan?
Financing that provides the capital needed to finish a partially built or stalled construction project, often when the original construction financing has run out or fallen through before the structure is complete.
What property secured this Lake Arrowhead, CA loan?
A single-family residence in Lake Arrowhead, CA, in San Bernardino County, used as collateral for a cash-out construction completion loan.
What does LTV (CV) mean on this loan?
LTV (CV) means loan-to-value based on completed value — the loan amount measured against the property's projected value once construction is finished, rather than its as-is value while construction is incomplete.
What is the Loan-to-Value on this transaction?
The loan closed at 37% LTV based on completed value, in first trust deed position, with a 12-month term on principal and interest payments.
Who funded this loan?
This loan was funded through private trust deed investors, arranged by Hanover MC. Hanover MC is a private money mortgage company.
Is this loan available for personal or owner-occupied use?
This specific loan was for an investment property. Hanover MC does arrange owner-occupied loans when the loan is for a business purpose. Loans for personal, family, or household (consumer) use are not offered.
More Closed Deals
Need to Finish a Stalled Construction Project?
Call to discuss your scenario, or apply online.
Hanover Mortgage Company arranges loans on behalf of private trust deed investors. All loans are business purpose only. No consumer loans. California real estate only. This is not an offer to lend. Loan programs, amounts, rates, and terms are subject to change without notice. Borrowers and properties must qualify. Conditions and restrictions may apply. Not all programs available in all areas. Not a commitment to lend. All transactions subject to underwriting and investor approval. 1st, 2nd, and 3rd trust deed positions available. California license information for Hanover Mortgage Company is available at hanovermc.com.