Hard Money Loan Closed — SFR + 3 Vacant Lots | Hayward, CA 94541
By Hanover MC On June 26 2026
Hard money purchase loan closed on an SFR with 3 vacant lots in Hayward, CA. $500K, 46% LTV, 1st TD. Alameda County. Call (714) 838-1474.
Hard Money Loan Closed — SFR Purchase with 3 Vacant Lots | Hayward, CA 94541
Hanover Mortgage Company · Alameda County, California.
Hanover MC is a California private money mortgage company — we source, underwrite, and arrange trust deed loans funded by private beneficiaries, not a bank. This deal: a real estate investor purchased a single-family residence bundled with three vacant lots in Hayward, CA. One loan. One close. Private capital deployed fast.
Deal summary
| Detail | Value |
|---|---|
| Property type | SFR + 3 vacant lots |
| Purpose | Purchase |
| Loan-to-value (as-is) | 46% |
| Principal | $500,000 |
| Lien position | 1st trust deed |
| Term | 60 months (5-year balloon) |
| Payments | Principal & interest |
| Prepayment penalty | None |
| County | Alameda County, CA |
| ZIP | 94541 |
About this deal
This purchase loan shows how Hanover MC arranges financing for complex acquisition deals that traditional lenders won't touch. for various reasons. An SFR bundled with three vacant lots is exactly the kind of mixed-collateral deal that banks slow-walk or decline sometimes — too many moving parts, non-standard property configuration, no institutional loan box to fit it into. The subject was purchased for spec. development purposes.
Hanover MC evaluated the deal on combined as-is value and overall loan-to-value. At 46% LTV on a 1st trust deed with no prepayment penalty, the borrower got clean, flexible capital to close fast and hold the asset on their own timeline. Hayward sits in the East Bay — centrally located between San Francisco and San Jose, with direct BART access and strong long-term land value fundamentals in Alameda County.
Why this deal needed private money
Banks and conventional lenders evaluate SFR purchases and vacant land under separate loan programs — bundling them into a single transaction with one set of fees and one closing is not something most institutional lenders will do. Private money solves this by underwriting the combined collateral as a single asset-based deal.
For investors acquiring properties with adjacent lots, infill land, or subdivision potential, Hanover MC can structure the financing to capture the full collateral package — not just the improved portion.
Looking for a similar loan in Alameda County?
Hanover MC sources, underwrites, and arranges hard money purchase loans throughout Alameda County — SFRs, vacant lots, mixed collateral, and complex acquisitions that conventional lenders decline.
See our Hayward hard money page → · Apply now → · (714) 838-1474 x102
Common questions about this deal
Can Hanover MC arrange a hard money loan on an SFR with vacant lots in California?
Yes. Hanover MC sources, underwrites, and arranges hard money purchase loans on mixed-collateral properties — including an SFR bundled with adjacent or nearby vacant lots. Each deal is evaluated on combined as-is value, loan-to-value, and exit strategy.
Why would an investor use hard money to purchase an SFR with vacant lots?
Traditional lenders treat SFR purchases and vacant land under separate programs and typically won't bundle them into a single loan that is vacant land and with a rental. Hard money evaluates the combined collateral as a single asset-based deal — one loan, one close, one set of fees. For investors who need to move fast or hold a non-standard property package, private money is often the only viable path.
What is a 5-year balloon hard money loan?
A balloon loan has a fixed term — in this case 60 months — after which the remaining principal balance is due. During the term, the borrower makes principal and interest payments. At maturity, the borrower typically refinances into long-term financing, sells the asset, or pays off the balance. This structure gives investors a defined hold period with no prepayment penalty, so they can exit on their own timeline.
Does no prepayment penalty matter on a hard money loan?
Yes. No prepayment penalty means the borrower can pay off the loan early — after a sale or refinance — without a fee. This is particularly valuable on acquisition loans where the exit timeline depends on market conditions or development approvals.
Is Hanover MC licensed to arrange loans in Hayward, California?
Yes. Hanover Mortgage Company is a California-licensed private money mortgage company operating statewide, including Hayward and all of Alameda County. Each loan is subject to underwriting approval. Conditions and restrictions apply.
Ready to arrange a similar deal in Alameda County?
Get a free, no-obligation quote. Hanover MC knows Alameda County and moves fast.
Apply now — free quote → · See our Hayward page → · (714) 838-1474 x102