Hard Money Loan Closed In Ventura, California

By G. David Lapin On September 12 2023

A hard money Cross Collateral loan closed on three investment properties in Ventura, CA 93003

This loan against one Commercial Building and crossed against two Residential SFR investment dwellings provided restructuring capital for a maturing loan and to position the Commercial building for disposition.

Ventura is a California coastal community officially named San Buenaventura, was founded in 1782 when Saint Junipero Serra established Mission San Buenaventura, the ninth of the California missions. Serra named the mission after the Italian Saint Bonaventure, hence the nickname that Ventura is the “city of good fortune.” Located along the Pacific Ocean between Los Angeles and Santa Barbara, the City was incorporated in 1866.

Commercial & Residential SFR.

Refinance

Purpose – Restructuring Capital

Loan-to-Value (As Is): 55%

First Trust Deed
24 Month Term
Principle & Interest Payments
Ventura County, CALIFORNIA
PRINCIPAL AMOUNT: $1,170,000.00

For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:www.hanovermc.com

Get a FREE Quote

Get Started With No

Why Wait Apply Today And Work With California's GO TO Bank-Alternative Financing Company

Apply Now

DISCLAIMER
Hanover Mortgage Company is California licensed only. Real Estate Broker – California Department of Real Estate. Broker License #01410448 │ NMLS I.D. Number: 337458. INTEREST RATES CAN CHANGE WITHOUT NOTICE. ASK US FOR CURRENT RATE INFORMATION. BORROWERS AND PROPERTIES MUST QUALIFY. CONDITIONS AND RESTRICTIONS MAY APPLY. Loan programs, amounts, rates and terms are subject to change without notice. Loan approval is not guaranteed and all loan applications are subject to verification of acceptable credit, income, employment, lien position and value of collateral in the sole discretion of Hanover Mortgage Company. Flood and/or property hazard insurance may be required. Additional fees, conditions, restrictions and limitations may apply. Not all programs are available in all areas. The interest rate for adjustable rate mortgage loans is subject to increase. Please contact Hanover Mortgage Company to determine your eligibility for a specific loan product. Hanover Mortgage Company does not offer financing for those transactions defined as ‘Covered Loans’ or ‘High Cost Loans’ in any state or federal law. Hanover Mortgage Company is a Mortgage Broker. Mortgage Broker fees will apply unless stated otherwise. Disclosure: Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. State law dictates that we acknowledge that interest on trust deeds is not guaranteed. No investment is completely risk free and past performance is not a guarantee of future results. Before investing, investors must be provided applicable disclosure documents. Investment Products: Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value • Are Not a Deposit • Are Not Insured by Any Federal Government Agency.

Article Post