By Hanover MC | 2 min read | Sonoma County, California

$340,000 Hard Money 1st Trust Deed · SFR + ADU (2-Unit) · Fix & Flip · 65% ARV CLTV · Sonoma County

The Transaction

A $340,000 hard money 1st trust deed was arranged on a two-unit investment property in Cloverdale, California 95425. The property consisted of a single-family residence (SFR) and an accessory dwelling unit (ADU). The loan was arranged in first lien position for a business purpose fix-and-flip.

The transaction also involved a seller carry in second position behind Hanover Mortgage Company’s 1st trust deed, resulting in a combined loan-to-value (CLTV) of 65% ARV. Hanover MC’s 1st trust deed was underwritten to 65% of the after-repair value. Underwriting was completed in-house by Hanover Mortgage Company. There was no loan committee — a principal reviewed and decided on the deal directly.

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 — 1st trust deed, senior lien position

•       65% ARV CLTV — conservative, asset-based underwriting

•       SFR + ADU (2-unit property) — investment collateral

•       65% CLTV — seller carry in 2nd position behind Hanover MC’s 1st TD

•       Fix-and-flip purpose — business purpose investment property

•       In-house underwriting by Hanover Mortgage Company

•       No loan committee — principal review directly

•       5-year term · Principal & Interest payments

•       Business purpose loan · Investment property only

About Cloverdale, California 95425

Cloverdale is a city in northern Sonoma County, California, located along the Russian River approximately 80 miles north of San Francisco. It serves as a gateway community to Alexander Valley, Anderson Valley, Dry Creek Valley, and Mendocino County — some of California’s most recognized wine appellations.

The city is known for its historic downtown, performing arts center, annual events, and proximity to acclaimed wine country destinations. Northern Sonoma County continues to attract investment interest in residential and income-producing properties given the region’s strong tourism base and limited housing inventory.

Cloverdale sits within Sonoma County (ZIP code 95425) and falls under the Santa Rosa–Petaluma Metropolitan Statistical Area.

Why Northern California Fix-and-Flip Investors Work With Hanover MC

Fix-and-flip investors in Sonoma County and throughout Northern California work with Hanover Mortgage Company because the process is direct. There is no loan committee. There is no institutional approval chain. A principal reviews each deal, underwrites the collateral in-house, and the loan is arranged. Timeline varies and is not guaranteed.

This Cloverdale transaction involved a non-standard structure: a two-unit property (SFR + ADU) with a seller carry in 2nd position behind Hanover MC’s 1st trust deed, at a 65% ARV CLTV. Conventional financing is typically not available for this type of non-standard investment structure. Hanover MC arranged the 1st trust deed underwritten to 65% of the after-repair value and worked within the broader capital stack.

That flexibility — combined with in-house underwriting, no upfront fees, and no loan committee — is why real estate investors, mortgage brokers, and real estate professionals across California bring deals to Hanover MC.

These loans are funded by private beneficiaries — individual trust deed investors who provide the capital behind each transaction. Hanover Mortgage Company arranges the loan; private beneficiaries fund it. That structure is what makes the process fast, flexible, and free from institutional constraints.

Frequently Asked Questions

Can Hanover MC arrange a hard money fix-and-flip loan in Sonoma County?

Yes. Hanover Mortgage Company arranged a $340,000 hard money 1st trust deed for a fix-and-flip SFR + ADU in Cloverdale, CA 95425 (Sonoma County). Business purpose only. Call (714) 838-1474 x102 to discuss your scenario.

What LTV does Hanover MC use for hard money fix-and-flip loans?

This Cloverdale transaction was arranged at 65% ARV CLTV on the 1st trust deed, with a seller carry in 2nd position. LTV varies by property type, condition, location, and deal structure. Rates, terms, and LTV parameters are subject to change without notice. Call for current guidelines.

Does Hanover MC arrange loans on ADU or 2-unit investment properties?

Yes. This transaction involved a single-family residence plus an accessory dwelling unit (ADU) held as a 2-unit investment property. Hanover MC underwrites each deal on its own merits. Call to discuss your specific collateral.

Can Hanover MC work with a seller carryback on a hard money deal?

Yes. This Cloverdale fix-and-flip was structured with a seller carry in 2nd position behind Hanover MC’s $340,000 1st trust deed, resulting in a 65% CLTV. Complex capital stacks are evaluated on a case-by-case basis. Call (714) 838-1474 x102 to discuss your deal structure.

Does Hanover MC have a loan committee?

No loan committee. Hanover Mortgage Company arranges loans directly with private tust deed investors. A principal reviews each deal without committee delay or institutional approval layers.

What areas of Northern California does Hanover MC arrange hard money loans in?

Hanover Mortgage Company is California DRE licensed private money mortgage company that arranges hard money loans throughout the state, including Sonoma County, Mendocino County, Napa County, the San Francisco Bay Area, Sacramento, the Central Valley, and Southern California. California licensed only.

More Closed Transactions — Hard Money & Private Money Loans in California

This Cloverdale, CA fix-and-flip is one of many hard money loans arranged by Hanover Mortgage Company across California.

→ View  Closed Transactions — Hanover Mortgage Company