$117K Working Capital Refi | Adelanto, CA 92301
By Hanover MC On August 7 2023
Closed: $117,000 1st TD refi, working capital for investment acquisition, Adelanto CA.
H
Hanover MC
Private Money & Trust Deed Lending
By Hanover MC | August 7, 2023 | 2 min read | San Bernardino County, California
Closed Deal · Adelanto, CA 92301
Hard Money Working Capital Loan Closed in Adelanto, CA
$117,000 first trust deed, 60% LTV, secured by an income-producing SFR for a seasoned real estate investor in San Bernardino County.
Hanover MC arranged a $117,000 hard money working capital loan secured by an income-producing SFR in Adelanto, CA 92301, closing at 60% loan-to-value in first trust deed position with a 60-month term. The loan was structured as a refinance, with capital provided by a private trust deed investor, giving a seasoned real estate investor funds toward the purchase of additional investment property.
$117K
Loan Amount
60%
LTV As-Is
1st TD
Position
60 mo
Term
The Deal
Hanover MC arranged a working capital loan that gave a seasoned real estate investor funds toward the purchase of additional real estate for investment. The subject property in Adelanto, CA 92301 was income producing, with existing rent covering the property's debt service and PITI.
The loan closed as a first trust deed in San Bernardino County with a 60-month term on principal and interest payments, at 60% 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
- PurposeRefinance — Working Capital
- Loan-to-value (as-is)60%
- PositionFirst Trust Deed
- Term60 Months
- PaymentsPrincipal & Interest
- CountySan Bernardino County, CA
- Principal amount$117,000.00
About Adelanto, CA
Adelanto is a city in San Bernardino County, California, founded in 1915 by E. H. Richardson, inventor of what became the Hotpoint Electric Iron. Richardson sold his patent and used the proceeds to purchase land, planning one of the first master-planned communities in Southern California.
The area operated as a community services district until 1970, when it incorporated as a city — becoming San Bernardino County's smallest city at the time. Adelanto became a charter city in November 1992.
Why Investors Use Hanover MC in San Bernardino County
Single Focus
Private money mortgage company and trust deed investing — not split across property management, HOA administration, or brokerage sales.
Asset-Based Underwriting
Decisions are based on property equity and existing income, not bank-style debt-to-income ratios. (lite doc)
Working Capital Structures
Comfortable arranging refinance loans where proceeds are used for business purposes such as acquiring additional investment property.
Private Money Mortgage Company
Hanover MC is a private money mortgage company arranging loans on behalf of private trust deed investors.
Frequently Asked Questions
What is a hard money working capital loan?
Business-purpose financing secured by real estate equity, with proceeds used for business needs such as acquiring additional investment property, rather than financing the purchase of the subject property itself.
What property secured this Adelanto, CA loan?
An income-producing single-family residence (SFR) in Adelanto, CA 92301, where existing rent covered the property's debt service and PITI.
What was the purpose of the loan?
Structured as a refinance for working capital, providing funds a seasoned real estate investor used toward the purchase of additional investment property.
What is the Loan-to-Value (LTV) on this transaction?
The loan closed at 60% LTV (as-is value), in first trust deed position, with a 60-month term on principal and interest payments.
Who funded this loan?
This loan was funded through a whole 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 rental 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 a offered product.
Closing a Working Capital Loan in San Bernardino County?
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.