Purchase Loan Closed | Investment SFR | Reseda
By Hanover MC On June 26 2023
Closed: $200K purchase loan for an investment SFR, Reseda, CA. 59% LTV, 1st TD, 24-mo term.
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Hanover MC
Private Money & Trust Deed Lending
By Hanover MC | June 26, 2023 | 2 min read | Los Angeles County, California
Closed Deal · Reseda, CA · Los Angeles County
Hard Money Purchase Loan Closed in Reseda, CA
$200,000 first trust deed, 59% LTV, 24-month term, acquisition funds for an investment SFR in the San Fernando Valley.
Hanover MC arranged a $200,000 hard money purchase loan providing acquisition funds for an investment SFR in Reseda, CA, closing at 59% loan-to-value in first trust deed position with a 24-month term, with capital provided by a whole trust deed investor.
$200K
Loan Amount
59%
LTV As-Is
1st TD
Position
24 mo
Term
The Deal
This purchase loan provided acquisition funds for an investment property, a single-family residence in Reseda, CA. Hanover MC arranged the financing with capital provided by private trust deed investors.
The loan closed as a first trust deed in Los Angeles County with a 24-month term on principal and interest payments, at 59% loan-to-value against the as-is value of the property.
Figures describe this specific, previously closed transaction only — not a quote or commitment to lend. Every borrower and property is underwritten on its own terms.
Loan Snapshot
- Property typeResidential SFR
- PurposePurchase — Acquisition
- Loan-to-value (as-is)59%
- PositionFirst Trust Deed
- Term24 Months
- PaymentsPrincipal & Interest
- CountyLos Angeles County, CA
- Principal amount$200,000
Neighborhood Spotlight: Reseda, CA
Founded in 1912, Reseda is a neighborhood in the San Fernando Valley region of Los Angeles. Though often pictured as a typical suburb, Reseda is more densely populated than areas like Chinatown or the Fairfax District, with roughly 60,000 residents spread across about six square miles — a sharp increase from fewer than 5,000 residents within living memory.
The neighborhood has come to represent a broader story of American suburbanization, a theme filmmakers and musicians continue to revisit.
Source: LA Times.
Why Investors Use Hanover MC in Los Angeles County
Single Focus
Arranging private money mortgages and trust deed investing — not split across property management, HOA administration, or brokerage sales.
Asset-Based Underwriting
Decisions are based on property equity, with lite documentation rather than full bank-style underwriting.
Flexible Loan Terms
Terms structured around the borrower's plan for the property, from short 24-month terms to longer 60-month terms.
Private Money Mortgage Company
Hanover MC arranges loans on behalf of private trust deed investors who provide the capital.
Frequently Asked Questions
What was the purpose of this Reseda, CA loan?
A purchase loan that provided acquisition funds for an investment property, a single-family residence in Reseda, CA.
What is the Loan-to-Value (LTV) on this transaction?
The loan closed at 59% LTV (as-is value), in first trust deed position, with a 24-month term on principal and interest payments.
Why is the loan term 24 months instead of 60?
Hanover MC structures loan terms around the borrower's plan for the property and exit strategy. Shorter terms, such as 24 months, are common when a borrower expects to refinance or sell within a shorter timeframe.
Who funded this loan?
This loan was funded through a private trust deed investor, 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.
Closing a Purchase Loan in Los Angeles County?
Call to discuss your scenario, or apply online.
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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.