Article Post

Fix And Flip Loan Closed in Cloverdale, California

By Jo-Ann Lapin On July 23 2024

A Hard Money loan Closed on A Fix And Flip Property In Cloverdale, CA 95425

This Fix & Flip loan against an investment duplex - consisting of one Residential Unit and one Accessory Dwelling Unit (ADU), provided funds for the acquisition, repair, and disposition of the property.

 

Located 45 minutes from San Francisco, Cloverdale is a city in Sonoma County known for its wine country experience and eclectic shops, galleries, restaurants, and a performing arts center found in Cloverdale's historic downtown area.

 

 

SFR + ADU (2-Units)

Acquisition & Rehab

Purpose – Fix & Flip

Loan-to-Value (As Is): 41%

First Trust Deed
5 Year Term

85% CLTV Seller Carryback
Principle & Interest Payments
Sonoma County, CALIFORNIA
PRINCIPAL AMOUNT: $340,000.00

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.