$250K Condo Cash-Out Refi, 1st TD | Inglewood, CA
By Hanover MC On October 11 2023
Closed: $250,000 1st TD condo cash-out refi, Inglewood CA. 44% LTV, 36-mo term.
Closed | Hard Money 1st Trust Deed — Condo Cash-Out Refinance
Inglewood, CA 90301 · Los Angeles County
| Loan Amount | $250,000 |
| Loan Position | 1st Trust Deed |
| Property Type | Residential Condominium |
| Location | Inglewood, CA 90301 |
| Purpose | Cash-Out Refinance · Working Capital |
| LTV | 44% of As-Is Value |
| Term | 36 Months |
| Underwriting | In-House |
| County | Los Angeles County, CA |
The transaction
A $250,000 hard money 1st trust deed was arranged on a residential condominium in Inglewood, CA 90301. The loan was structured as a cash-out refinance for business working capital — business purpose only — at 44% of the as-is value in first lien position.
Underwriting was completed in-house by Hanover Mortgage Company. Custom loan documentation was ordered for this transaction. No loan committee.
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.
Transaction highlights
- First lien position — strong collateral at 44.64% LTV
- 44% LTV on as-is value — conservative, equity-rich structure
- Residential condominium — Inglewood, CA 90301
- Cash-out refinance for business working capital recapitalization
- 36-month term — medium-term flexibility for the borrower
- In-house underwriting · Custom loan documents
- No loan committee — principals review and loans funded by trust deed investors
- Business purpose loan · Los Angeles County
Why Los Angeles investors choose Hanover MC
Inglewood sits at the center of one of Southern California's most dynamic submarkets — proximate to LAX, SoFi Stadium, and the broader Los Angeles MSA. Investors and business owners holding equity in Inglewood, Hawthorne, El Segundo, Gardena, and surrounding LA County communities have used cash-out hard money refinances to unlock working capital without the delays of conventional lending.
Hanover Mortgage Company arranges hard money and private money loans throughout Los Angeles County and greater Southern California. No loan committee. In-house underwriting and direct principal review — built for borrowers who need a decision fast.
Frequently asked questions
Can I get a hard money cash-out refinance on a condo in Inglewood, CA?Yes. Hanover Mortgage Company arranged a $250,000 hard money 1st trust deed cash-out refinance on a residential condominium in Inglewood, CA 90301. Business purpose only. Call (714) 838-1474 x102.
What LTV does Hanover MC arrange on LA County hard money refinances?This Inglewood transaction was arranged at 44% of the as-is value. LTV varies by property type, condition, location, and deal structure. Call for current parameters.
Does Hanover MC lend in Los Angeles County?Yes — throughout Los Angeles County including Inglewood, Hawthorne, El Segundo, Gardena, Torrance, Compton, and surrounding communities. California licensed only.
Can a hard money loan be used for business working capital?Yes. This Inglewood transaction was structured as a business-purpose cash-out refinance to provide working capital and reserves. Business purpose loans only — Hanover MC does not arrange consumer loans.
Does Hanover MC charge upfront fees?No upfront fees. Broker fees may apply at closing unless otherwise stated.
Ready to discuss your next Los Angeles County deal?Hanover Mortgage Company arranges hard money and private money loans throughout Los Angeles County, Orange County, and greater California. No upfront fees. No loan committee.
(714) 838-1474 x102 · Apply Online →
Business purpose loans only · Subject to underwriting approval · California licensed only · Rates subject to change
(714) 838-1474 x102 · Apply Online →
Business purpose loans only · Subject to underwriting approval · California licensed only · Rates subject to change