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Hard Money Loan Closed In Palos Verdes Estates, California

By Jo-Ann Lapin On March 4 2024

A hard money loan closed on a SFR in Palos Verdes Estates, CA 90274.

Hard Money Loan Closed in Palos Verdes Estates, California

 

A hard money loan closed on a SFR in Palos Verdes Estates, CA 90274. 

 

This working capital loan against an SFR provided recapitalization and reserves for the borrowers’ business.

 

Palos Verdes Estates is a coastal city in Los Angeles County, California, United States, situated on the Palos Verdes Peninsula and neighboring Rancho Palos Verdes and Rolling Hills Estates. The City of Palos Verdes Estates, incorporated December 20, 1939, is the oldest of the four cities on the Palos Verdes Peninsula. The city was master-planned by the noted American landscape architect and planner Frederick Law Olmsted Jr.

 

Residential SFR

Business Purpose

Purpose – Working Capital

Combined Loan-to-Value (As Is): 29%

Second Trust Deed
36 Month Term
Principle & Interest Payments
Los Angeles County, CALIFORNIA
PRINCIPAL AMOUNT: $205,000.00

 

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

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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.