Multi Family 1st Trust Deed closing
By G. David Lapin On July 29 2025
$2,000,000 Hard Money 1st Trust Deed on Legal 5-Plex in Huntington Beach, CA 92648
Closed Deal Spotlight
$2,000,000 Hard Money 1st Trust Deed on Legal 5-Plex in Huntington Beach, CA 92648
We’re proud to highlight the successful closing of a $2,000,000 hard money 1st trust deed on a well-maintained legal 5-unit multifamily property in the heart of Huntington Beach, CA 92648. This cash-out refinance was structured for business purpose use, with an aggressive timeline and a strong asset to back the loan.
Property Overview
The subject property is a legal 5-plex multifamily investment, ideally located just minutes from Downtown Huntington Beach and Pacific Coast Highway. This high-demand coastal market provides consistent rental income and long-term appreciation potential.
Key features include:
Five legal residential units
Desirable 92648 zip code
Off-street parking and individual meters
Well-maintained exterior and interiors
This multifamily property offers both stability and upside, making it a strong candidate for make sense -based financing.
Loan Purpose & Borrower Profile
Our experienced real estate investor client sought a cash-out refinance to:
Restructure existing financing
Take advantage of existing equity in a stabilized asset
The borrower needed faster funding with flexible terms, and traditional lenders could not meet the timeline or underwriting requirements.
Loan Structure Arranged
Loan Amount: $2,000,000
Position: First Trust Deed (1st TD)
Loan-to-Value (LTV): 52% of the “As-Is” appraised value
Use of Funds: Business Purpose / Cash-Out
With a conservative LTV and strong rental income, this loan presented low risk and a fast path to close. Hanovermc moved quickly to underwrite, appraise, and arrange funding—all within our client’s deadline.
Why Investors Use Hard Money for Cash-Out Refis
We continue to see high demand for hard money 1st trust deeds in coastal Orange County markets like Huntington Beach. Investors are turning to private lending solutions for:
Faster closings
Flexible make sense underwriting
Access to equity without traditional red tape
Whether you're looking to pull cash from stabilized income properties or need bridge capital for new acquisitions, Hanovermc delivers faster, make sense solutions.
Need a Hard Money Loan in Huntington Beach or Beyond?
We arrange hard/private money multifamily, commercial, and investment properties across California. If you’re seeking a 1st or 2nd or 3rd trust deed loan, call us today to discuss your scenario.
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