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Cash Out Refinance Land Lot Mortgage Loan In San Diego

By G. David Lapin On April 28 2025

First Mortgage Land Loan Cash out Refinance Funded Loan

This working capital loan was made to a Professional Full Time Real Estate Investor seeking a cash out refiance for other real estate Projects. 

Residential Infill lot

Cash-out

Purpose – Working Capital

Loan-to-Value (As Is): 45.33% of ‘As Is’ Value

First Trust Deed
12 Month Term
San Diego , CALIFORNIA 92105
PRINCIPAL AMOUNT: $68,000

An real estate investor in San Diego, 92105 needed a raw land cash out refinance. Hanovermc funded a 68,000 1st Trust deed enabling the client to push forward with other real estate projects. 

HanoverMC funded a $68,000 1st mortgage  hard money bridge loan at 45.33% of ‘As Is’ Value with a 1 Year Balloon and No Pre payment penalty. 

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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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. Investments arranged through Hanover Mortgage Company are not insured or guaranteed. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.