Cross-Collateralized Manufactured Homes in Perris, CA
By G. David Lapin On April 29 2025
Fix and Flip Loan Secured by Cross-Collateralized Manufactured Homes in Perris, CA | $213K 1st TD at 52% LTV
Fix and flip loan of $213K cross-collateralized on two Perris, CA SFRs.
1st deed of trust, 52% LTV, acquisition & rehab use. Both units in Riverside County.
Cross-Collateralized Fix and Flip Loan Arranged for Two Manufactured Homes in Perris, California
HanoverMC has arranged a $213,000 first deed of trust fix and flip loan, cross-collateralized across two manufactured single-family residences (SFRs) in Perris, CA, located within Riverside County. The loan is structured to support acquisition and rehab costs, with a combined loan-to-value (LTV) of 52% based on “as-is” valuation—offering a strong equity position for trust deed investors and a reliable capital solution for the real estate investor.
Loan Overview
Loan Type: Fix & Flip Purchase + Rehab
Loan Amount: $213,000 (Total)
Lien Position: First Deed of Trust (Blanketed Across Both Properties)
Use of Proceeds: Acquisition and Renovation
Security: Two separate parcels, each improved with a manufactured SFR
LTV (As-Is): 52%
Location: Perris, CA – Riverside County
Foundation Status:
One unit installed on a permanent foundation with 433(A) compliance
One unit not recorded with 433(A)
Unique Property Structure and Cross-Collateralization
This loan was structured using a blanket first deed of trust recorded against both subject parcels. Cross-collateralizing the loan provides added security by allowing the total value of both properties to support the loan, enabling a lower-risk transaction and greater borrowing leverage for the client.
Each parcel is improved with a detached manufactured single-family dwelling. One of the homes is on a permanent foundation with 433(A) documentation recorded, while the second is a manufactured unit not yet recorded as real property, enhancing value-add potential post-rehab.
Location Spotlight: Perris, CA – Riverside County
Perris is a growing city in Riverside County, part of Southern California’s Inland Empire region. Known for its affordability and investor-friendly environment, Perris has become a strong market for fix and flip projects.
Real Estate Insights – Perris, CA:
Median Home Value: ~$485,000 (as of 2025)
Market Trend: Upward, with strong demand for entry-level housing
Investor Demand: High for manufactured and affordable SFRs
Growth Drivers: Proximity to I-215, local logistics and warehouse expansion
The dual-parcel nature of this deal, along with one unit lacking a recorded 433(A), allows for additional upside potential through value-add construction and title conversion during the holding period.
Benefits of Cross-Collateralized Fix and Flip Loans
Cross-collateralized loans are ideal for investors acquiring multiple properties or parcels in one transaction. By using more than one property as collateral, investors can unlock better leverage while protecting lenders and fractional trust deed investors with enhanced security.
Advantages of This Loan Structure:
Low LTV (52%) Based on As-Is Value
Enhanced Collateral Protection via Blanket First TD
Flexible Use of Funds for Acquisition + Rehab
No Delay for 433(A) on Second Unit – Value added post-close
Investor-Friendly Market with Growth Potential
This structure enables the borrower to move quickly on a time-sensitive opportunity while maintaining conservative leverage.
Conclusion: High-Equity Fix and Flip Financing with Strong Collateral
This $213,000 cross-collateralized fix and flip loan in Perris, CA exemplifies HanoverMC’s ability to structure efficient, asset-secured financing solutions for experienced real estate investors. With a 52% as-is LTV, two detached SFR manufactured homes, and a blanket first deed of trust, the transaction offers a win-win for both the borrower and participating trust deed investors.
Looking for cross-collateralized fix and flip funding in California? Contact HanoverMC to learn how to leverage multi-property deals for higher ROI and investor security.
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