Hard Money Fix & Flip Loan Closed Tuolumne County, CA
By Hanover MC On June 30 2023
Hanover MC arranged a $117K hard money fix & flip loan in Tuolumne County, CA at 53% ARV. Business purpose. Call (714) 838-1474.
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Hanover MC
Private Money & Trust Deed Lending
Closed Deal · Tuolumne County, CA
Hard Money Fix & Flip Loan Closed in Tuolumne County, CA
$117,000 rehab loan, first trust deed, 53% LTV on After Repair Value, for a manufactured SFR acquired as REO by flippers.
Hanover MC arranged a $117,000 hard money fix & flip rehab loan on a manufactured SFR in Tuolumne County, CA, acquired as REO for $109,500. The loan closed at 53% LTV (ARV) in first trust deed position with a 60-month term, with capital provided by private trust deed investors.
$117K
Loan Amount
53%
LTV (ARV)
1st TD
Position
60 mo
Term
The Deal
The subject property was acquired as REO (bank-owned) for $109,500 by real estate flippers. Hanover MC arranged a $117,000 rehab loan, with capital provided by private trust deed investors, and approximately $26,000 was spent on repairs and cosmetic upgrades.
Although the property was not in a heavily populated area, it was priced reasonably for its size. The investors completed the project and resold it — during the COVID-19 period — to end buyers who purchased with all cash. In Hanover MC's view, this reflects underlying demand for affordable housing even amid broader market uncertainty.
Project Outcome
- Acquisition price (REO)$109,500
- Rehab loan amount$117,000
- Estimated repair cost~$26,000
This reflects one specific transaction. Individual results vary and past performance does not guarantee future results.
Loan Snapshot
- Property typeResidential Manufactured SFR
- PurposePurchase — Fix & Flip
- Loan-to-value (ARV)53%
- PositionFirst Trust Deed
- Term60 Months
- PaymentsPrincipal & Interest
- CountyTuolumne County, CA
- Principal amount$117,000
Why Investors Use Hanover MC for Fix & Flip Loans
Single Focus
Private money lending and trust deed investing — not split across property management, HOA administration, or brokerage sales.
ARV-Based Underwriting
Comfortable structuring loans against After Repair Value for REO acquisitions and renovation projects.
Rural & Manufactured Housing
Experience underwriting manufactured homes and properties outside dense metro areas, including Tuolumne County.
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 hard money fix and flip loan?
Short-term, business-purpose financing that covers the purchase and renovation of an investment property, typically underwritten against the After Repair Value (ARV) rather than the as-is purchase price.
What property secured this Tuolumne County, CA loan?
A manufactured single-family residence acquired as bank-owned (REO) property, purchased by seasoned real estate flippers for $109,500.
How was the loan structured?
Hanover MC arranged a $117,000 rehab loan, with capital provided by private trust deed investors, to fund the acquisition and approximately $26,000 in repairs and cosmetic upgrades.
What is the Loan-to-Value (LTV) on this transaction?
The loan closed at 53% LTV based on After Repair Value (ARV), in first trust deed position, with a 60-month term on principal and interest payments.
How did this fix and flip project turn out?
The investors completed the renovation and resold the property.
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.
Planning a Fix & Flip 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. Past performance of any specific transaction, including reported investor proceeds, is not indicative of future results. Individual outcomes vary based on market conditions and project execution.