$60K Blanket Loan, Duplex + Lot | Clearlake, CA
By Hanover MC On August 7 2023
Closed: $60,000 1st TD blanket loan, duplex + vacant lot, Clearlake CA. 60% LTV, cash-out.
H
Hanover MC
Private Money & Trust Deed Lending
Closed Deal · Clearlake, CA 95422
By Hanover MC | August 7, 2023 | 2 min read | Lake County, California
Hard Money Loan Closed in Clearlake, California
$60,000 blanket loan, first trust deed, cross-collateralized against a residential duplex and an adjacent vacant lot in Lake County.
Hanover MC arranged a $60,000 hard money blanket loan in Clearlake, CA 95422, cross-collateralized against an income-producing residential duplex and an adjacent vacant lot, closing at 60% loan-to-value in first trust deed position with a 60-month term. The loan was a cash-out refinance, with capital provided by a private trust deed investor, used to acquire a separate investment property.
$60K
Loan Amount
60%
LTV As-Is
1st TD
Position
60 mo
Term
The Deal
Hanover MC arranged a $60,000 hard money blanket loan, cross-collateralized against an income-producing residential duplex and an adjacent vacant lot in Clearlake, CA 95422, with capital provided by a private trust deed investor.
Structured as a cash-out refinance secured by both assets in a single blanket loan, the transaction provided investment capital the borrower used to acquire a separate investment 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 Duplex & Vacant Lot (Blanket Loan)
- PurposeRefinance, Cash-Out — Investment Capital
- Loan-to-value (as-is)60%
- PositionFirst Trust Deed
- Term60 Months
- PaymentsPrincipal & Interest
- LocationLake County, CA
- Principal amount$60,000.00
About Clearlake, CA
Clearlake sits along Clear Lake, which geologists believe may be the oldest lake in North America, with water present at the site for roughly 2.5 million years, formed when a landslide dammed the headwaters of Cold Creek.
Lake County Market Conditions
Lake County's real estate market includes a mix of faster- and slower-moving submarkets, with areas like Clearlake and Lucerne generally seeing more available inventory than corridors such as Lakeport and Kelseyville. As with any market, conditions can shift, and investors should evaluate current comps and timelines for their specific area before making a decision.
Why Investors Use Hanover MC in Lake County
Single Focus
Private money lending and trust deed investing — not split across property management, HOA administration, or brokerage sales.
Asset-Based Underwriting
Decisions are based on property equity and income — not bank-style debt-to-income ratios. LIte documentation is required.
Blanket & Cross-Collateral Loans
Comfortable structuring loans secured by more than one property, including mixed residential and vacant land collateral.
Licensed California Broker
Hanover MC is a California-licensed private money mortgage company arranging loans on behalf of private trust deed investors.
Frequently Asked Questions
What type of property does this loan involve in Clearlake, CA?
The loan is a blanket loan, cross-collateralized against a residential duplex and an adjacent vacant lot in Clearlake, CA 95422.
What was the purpose of the loan?
This was a cash-out refinance across both properties, providing investment capital used to acquire a separate 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.
Who funded this loan?
This loan was funded through a private trust deed investor, arranged by Hanover MC. Hanover MC is a California private money mortgage company.
What types of properties does Hanover MC arrange hard money financing on in Lake County?
Hanover MC arranges hard money financing on residential, agricultural, commercial, and mixed-use properties — including blanket and cross-collateral loans — throughout Lake County and California. All loans are business-purpose only.
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.
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Closing a Deal in Lake 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.