Hard Money Second Trust Deed transaction Closing

By G. David Lapin On July 7 2025

Closed Deal Spotlight

$500,000 Hard Money 2nd Trust Deed on Auto Showroom Property in Costa Mesa, CA

We're excited to share the successful closing of a $500,000 hard money 2nd trust deed (2nd TD) secured by a prime commercial property in the heart of Costa Mesa, California. This loan was structured for business purpose use only.

???? Property Overview

The subject property is a fully renovated auto sales showroom located on major Boulevard, a highly trafficked arterial in Costa Mesa. This commercial real estate asset is ideally positioned to support a high-volume sales operation and offers excellent visibility and accessibility.

???? Recent Renovations & Improvements

This commercial building was extensively renovated, significantly enhancing both its functionality and curb appeal.

This property is built using Class “D” wood frame and stucco materials, and now presents as a top-tier commercial space ready for retail, automotive, or showroom use.
???? Loan Structure

Loan Amount: $500,000

Position: Second Trust Deed (2nd TD)

Interest Rate: Interest Only

Loan Term: 24 Months with a Balloon Payment

Loan-to-Value (LTV): 52.46% of "As Is" appraised value

Use of Funds: Business Purpose Only

This second trust deed was secured behind a first lien, with a combined LTV well within acceptable limits. Our borrower required quick access to capital to leverage the property's value for business expansion. Thanks to our streamlined underwriting and appraisal-based funding process, we were able to arrange financing quickly—meeting the borrower's timeline and financial objectives.

???? Demand for 2nd Trust Deeds in Commercial Lending

We continue to see growing demand for hard money 2nd trust deeds on commercial properties in Southern California. Whether for working capital, partner buyouts, or business growth, investors and business owners are leveraging the equity in their commercial real estate holdings. Our team is here to provide fast, asset-based lending solutions—even in complex lien or title situations.
Need a 2nd Trust Deed on a Commercial Property?

If you're seeking a hard money 2nd TD loan on commercial real estate in Costa Mesa, Orange County, or anywhere in California, contact us today. We arrange deals quickly, based on property value—not credit scores or tax returns.

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.

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