Closed | $500,000 Hard Money 2nd TD | Costa Mesa CA 92627 | Hanover MC

By Hanover MC · July 7, 2025

Hard Money 2nd Trust Deed — Commercial Auto Showroom | Costa Mesa, CA 92627

$500,000 · 52.46% LTV · Commercial · 2nd Trust Deed · Cash-Out · Business Purpose

The Transaction

Hanover Mortgage Company arranged a $500,000 hard money 2nd trust deed on a commercial auto sales showroom in Costa Mesa, CA 92627. The loan was structured in second lien position for business purpose use only.

Underwriting was completed in-house by Hanover Mortgage Company. Custom loan documentation was ordered for this transaction. Loan servicing was assigned to an independent third-party servicer. There was no loan committee.

The subject property is a renovated auto sales showroom on a high-traffic arterial in Costa Mesa — a well-positioned commercial asset with strong visibility and accessibility. The 2nd trust deed was secured behind an existing first lien, with a combined CLTV of 52.46% of the as-is appraised value — a conservative equity position for a second lien transaction.

Transaction Highlights

• 2nd trust deed position — secured behind existing first lien
• 52.46% combined CLTV on as-is appraised value — conservative structure for 2nd position
• Commercial auto showroom — extensively renovated, high-traffic Costa Mesa location
• 24-month term with balloon payment · interest only payments
• Cash-out structured for business purpose use only
• In-house underwriting by Hanover Mortgage Company
• Custom loan documents ordered for this transaction
• Independent third-party loan servicer
• No loan committee — principal reviews and decides directly
• No upfront fees

Why Commercial Property Owners Choose Hanover MC for 2nd Trust Deeds

Business owners and commercial property investors in Southern California turn to Hanover Mortgage Company when they need to access equity behind an existing lien.

There is no loan committee. There is no institutional underwriting timeline. Hanover MC arranges hard money and private money 2nd trust deeds on commercial, mixed-use, and investment properties throughout California. The underwriting is in-house, the decision-making is direct, and the focus is on the collateral and combined loan-to-value.

This Costa Mesa auto showroom represented a renovated commercial asset with sufficient equity to support a second lien position. Capital provided by private beneficiaries participating in the trust deed. The transaction was arranged, underwritten, and closed with a third-party servicer assigned at closing.

More Closed Transactions — Orange County & Southern California

Hard Money 1st TD · Legal 5-Plex · Huntington Beach, CA 92648 Cash-out refi · Business purpose · 52% LTV $2,000,000

Hard Money 1st TD · Fix & Flip SFR · Orange, CA 92867 Purchase · Business purpose · 70% LTV $374,000

Hard Money 2nd TD · SFR · Tiburon, CA 94920 Cash-out refi · 50% CLTV · Business purpose $325,000

Hard Money 1st TD · Contractor's Storage Yard · Vista, CA Commercial · Business purpose · 54% LTV $1,485,000

Frequently Asked Questions

Can I get a hard money 2nd trust deed on a commercial property in Costa Mesa?

Hanover Mortgage Company arranged a $500,000 hard money 2nd trust deed on a commercial auto showroom in Costa Mesa, CA 92627. Business purpose only. No upfront fees. Call (714) 838-1474 to discuss your scenario.

What LTV does Hanover MC arrange on hard money 2nd trust deeds?

This Costa Mesa transaction was arranged at 52.46% combined LTV of the as-is appraised value. LTV varies by property type, lien position, location, and deal structure. Loan programs, rates, and terms are subject to change without notice. Call for current parameters.

Does Hanover MC arrange 2nd trust deeds on commercial properties?

Yes. Hanover Mortgage Company arranges hard money 2nd trust deeds on commercial, mixed-use, and investment properties throughout California. Second lien position transactions are evaluated based on combined LTV and collateral strength. Business purpose only.

Does Hanover MC have a loan committee?

No loan committee. Hanover Mortgage Company arranges loans directly. There is no institutional approval process or committee delay — principal reviews each deal and makes decisions directly.

Who services loans arranged by Hanover Mortgage Company?

All loans arranged by Hanover Mortgage Company are serviced by an independent third-party loan servicer.

Does Hanover MC charge upfront fees?

No upfront fees. Hanover Mortgage Company does not charge fees until a loan closes.

What cities in Orange County does Hanover MC serve?

Hanover Mortgage Company arranges hard money and private money loans throughout Orange County including Costa Mesa, Tustin, Huntington Beach, Orange, Anaheim, Santa Ana, Fountain Valley, Irvine, Fullerton, Westminster, Garden Grove, and surrounding communities. California licensed only.

Can accredited investors participate in trust deed investments with Hanover MC?

Hanover Mortgage Company arranges trust deed investment opportunities for accredited investors on a fractional or whole loan basis. Investments are not guaranteed. All investments carry risk including potential loss of principal. For accredited investors only. Please consult your financial and legal advisors before investing.

Related Resources

• View All Closed Hard Money Deals — Hanover MC
• Closed: $2,000,000 Hard Money 1st TD — Legal 5-Plex, Huntington Beach, CA
• Closed: $374,000 Hard Money Fix & Flip SFR — Orange, CA 92867
• Closed: $325,000 Hard Money 2nd TD — SFR, Tiburon, CA
• Hard Money Loan FAQ — Hanover Mortgage Company
• Apply for a Hard Money Loan

Have a Commercial or 2nd TD Deal in California?

Hanover Mortgage Company arranges hard money and private money loans throughout California. No upfront fees. No loan committee. Business purpose only.

(714) 838-1474 x102 · hanovermc.com · Apply Online →