Closed | Hard Money 2nd TD | Tiburon CA
By Hanover MC On November 4 2025
$325,000 hard money 2nd TD · SFR · Tiburon CA 94920 · 50% CLTV · Cash-out refi. Hanover MC.
Closed Deal
Cash-Out Refinance · 5-Year Balloon · 50% CLTV · Marin County
Loan Summary
| Loan Amount | $325,000 |
| Loan Position | 2nd Trust Deed |
| Loan Purpose | Cash-Out Refinance — Business Purpose |
| Property Type | Single Family Residence (SFR) |
| Location | Tiburon, CA 94920 — Marin County |
| CLTV | 50% of As-Is Appraised Value |
| Term | 5-Year Balloon |
| Prepayment Penalty | None (No PPP) |
About This Closing
Hanover MC arranged a $325,000 hard money 2nd Trust Deed secured by a single-family residence in Tiburon, CA 94920. The loan was arranged as a business purpose cash-out refinance, giving the borrower fast access to equity in a high-value Marin County property.
The collateral position was strong — combined leverage sat at 50% CLTV of the as-is appraised value, meaning significant protective equity remained in place above the combined loan balance. No prepayment penalty. Interest-only payments. 5-year balloon.
Tiburon is one of the most desirable residential markets in the San Francisco Bay Area — waterfront homes, Marin County schools, and limited inventory consistently support high appraised values. For business purpose borrowers with equity in Tiburon real estate, a hard money 2nd TD is often the fastest path to liquidity when conventional lenders are too slow or won't lend in second position.
Why This Deal Worked
Second trust deed lending in a premium market like Tiburon comes down to one question: is the equity sufficient to protect the loan in all scenarios? At 50% CLTV, the answer here was clearly yes.
Hanover MC evaluated the collateral, confirmed the combined leverage, and arranged the loan on the borrower's timeline. No committee. No extended underwriting queue. Business purpose only.
Frequently Asked Questions
Can you get a hard money 2nd trust deed in Tiburon, CA?
Yes. Hanover MC arranges hard money 2nd trust deed loans in Tiburon and throughout Marin County for business purpose borrowers. The key factor is combined LTV — sufficient equity must exist above the first and second position combined. Call (714) 838-1474 x102 to discuss your scenario.
What is a 2nd trust deed hard money loan?
A 2nd trust deed is a loan secured by real property in second lien position — behind an existing first mortgage. The borrower accesses equity without disturbing the first loan. In this Tiburon deal, the combined position of the first and Hanover MC's second sat at 50% CLTV, leaving significant protective equity in place.
What does "no PPP" mean?
No prepayment penalty. The borrower can pay off the loan early without a penalty fee. This is a meaningful feature on a 5-year balloon loan where the borrower may refinance or sell before the balloon date.
Why interest only on a hard money 2nd TD?
Interest-only payments keep monthly obligations lower during the loan term, which matters on a business purpose loan where the equity access — not long-term amortization — is the goal. The principal is repaid at the balloon date via refinance or sale.
Does Hanover MC arrange 2nd trust deed loans in the Bay Area?
Yes. Hanover MC arranges hard money 1st and 2nd trust deed loans throughout California, including the San Francisco Bay Area, Marin County, and the broader Northern California market. Business purpose loans only. Call (714) 838-1474 x102 or apply online.
How fast can Hanover MC close a 2nd TD in Marin County?
Hard money loans arranged through Hanover MC move significantly faster than conventional financing. Timing depends on appraisal, title, and borrower documentation. Call us to discuss your specific timeline.
Have a 2nd TD Scenario in California?
Call or apply online — no upfront fees, no obligation. Business purpose loans only. California licensed.
(714) 838-1474 x102 | Apply Online
Business purpose loans only · Subject to underwriting approval · California licensed