Hard Money Loan on Manufactured Homes in Perris, CA
By Hanover MC On April 29 2025
$213K hard money loan on two manufactured homes in Perris, CA. 52% LTV, 1st TD. See how we structured it.
Fix & Flip · Inland Empire
Hard money loan on manufactured homes in Perris, CA
$213,000 first deed of trust fix and flip loan, cross-collateralized across two manufactured SFRs in Riverside County at 52% as-is LTV.
Loan amount
$213,000
LTV (as-is)
52%
Lien position
1st TD
Properties
2 SFRs
Loan overview
| Loan type | Fix & flip — purchase + rehab |
| Lien position | First deed of trust (blanket across both parcels) |
| Use of proceeds | Acquisition and renovation |
| Collateral | Two parcels, each improved with a manufactured SFR |
| LTV (as-is) | 52% |
| Location | Perris, CA — Riverside County |
| Foundation — unit 1 | Permanent foundation, 433(A) compliant |
| Foundation — unit 2 | Not yet recorded as real property — value-add upside |
Structure & cross-collateralization
This loan was structured using a blanket first deed of trust recorded against both subject parcels. By cross-collateralizing, the total combined value of both properties supports the loan.
Unit 2 is a manufactured home not yet recorded with a 433(A), creating meaningful value-add potential through title conversion and foundation work during the holding period.
Location spotlight — Perris, CA
Perris is a city in Riverside County with a concentration of entry-level and manufactured housing. The I-215 corridor and ongoing logistics and warehouse expansion have supported consistent residential activity in the area.
Median home value~$485,000 (2025)
Market trendUpward
Investor demandHigh (entry-level SFRs)
CountyRiverside County
Growth driversI-215 · logistics & warehouse expansion
Key advantages
52% as-is LTVBlanket 1st TDAcquisition + rehab fundingNo delay for 433(A) on unit 2Value-add upside post-closeInvestor-friendly market
Frequently Asked Questions
Can I get a hard money loan on a manufactured home in Perris, CA? Yes. Hanover MC arranges hard money loans on manufactured homes and multi-parcel properties throughout Riverside County and greater Southern California. Business purpose only. Call (714) 838-1474 x102 to discuss your scenario.
What is a blanket first deed of trust? A blanket deed of trust is a single lien recorded against two or more parcels simultaneously. In this Perris transaction, both manufactured home parcels secured the loan under one note — allowing the combined value of both properties to support the financing.
What is a 433(A) and why does it matter? A 433(A) is a California Department of Housing and Community Development certification that converts a manufactured home to real property by recording it on a permanent foundation. Once recorded, the home can be financed like a conventional SFR. Unit 2 in this transaction had not yet completed that process — creating value-add potential for the investor during the hold period.
What LTV does Hanover MC use on manufactured home fix-and-flip loans? LTV varies by deal, property condition, and collateral position. This Perris transaction closed at 52% of the as-is appraised value across both parcels. Loan programs, rates, and terms are subject to change without notice. Call (714) 838-1474 x102 for current parameters.
Does Hanover MC arrange hard money loans in Riverside County? Yes. Hanover MC arranges hard money and private money loans throughout Riverside County including Perris, Murrieta, Temecula, Wildomar, Lake Elsinore, Hemet, and surrounding areas. Business purpose loans only. California licensed.
Does Hanover MC have a loan committee? No loan committee. Hanover Mortgage Company arranges loans directly — principal reviews each deal and makes decisions in-house. No institutional approval queue.
Learn how Hanover MC structures California hard money loans on manufactured and multi-parcel properties. Submit an inquiry here.
Ready to structure your next deal?
Hard money and private money loans throughout California. No loan committee. No upfront fees.