Fix and Rehab In Cloverdale Hard Money Loan

By Jo-Ann Lapin On September 3 2024

A Hard Money Loan Closed For a Fix and Rehab Property in Cloverdale, California 95425

This Fix and Rehab Loan was against an investment detached Single Family Dwelling. The 1^st Trust Deed provided funding for the purchase.

Located in northern Sonoma County along the Russian River. As a gateway to Alexander Valley, Anderson Valley, Dry Creek Valley, and Mendocino County, Cloverdale offers annual events, great dining, cozy inns, and stunning wine country views.

Loan to Value (After Repaired Value) 63%

First Trust Deed

5 year Term

Principal and Interest payments

Sonoma County, California

Principal amount $550,000

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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.

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