85,000 Manufactured Home Cash-Out Refi — Pomona, CA
By Hanover MC On July 31 2026
Hanover MC arranged an $85,000 business purpose 1st cash-out refinance on a gated-community manufactured home in Pomona, CA 91766.
Transactions › Manufactured Home Financing › Los Angeles County
$85,000 Manufactured Home Cash-Out Refi — Pomona, CA
Quick answerHanover Mortgage Company arranged an $85,000 business purpose 1st cash-out refinance for a returning client on a single detached manufactured home investment property inside a gated community in Pomona, CA 91766, structured on a 20-year amortization with no prepayment penalty.
Pomona sits at the eastern edge of Los Angeles County, wedged between the 10, 57, 60, and 71 freeways and best known as home to Cal Poly Pomona and the Fairplex. The 91766 zip code covers much of the city's central and southern neighborhoods, including several manufactured and mobile home communities that have long served as an affordable entry point into Southern California real estate — and, increasingly, as a rental investment category in their own right.
At a glance: Single detached manufactured home · Gated community · Pomona, CA 91766 · Los Angeles County · Investment property · $85,000 business purpose 1st cash-out refinance · 20-year amortization · No prepayment penalty · Repeat client
Deal Snapshot
| Property Type | Single detached manufactured home on owned land, investment property, in a gated community |
| Location | Pomona, CA 91766 · Los Angeles County |
| Loan Purpose | Cash-out refinance |
| Loan Position | Business purpose 1st |
| Loan Amount | $85,000 |
| Amortization | 20-year |
| Prepayment Penalty | None |
| Documentation | Lite documentation, asset-based underwriting |
| Borrower | Returning Hanover MC client |
| Funding Source | Private trust deed investor |
This deal closed for a past client Hanover Mortgage Company had already worked with, which meant the file moved quickly — the borrower's investment strategy and the property's condition were both familiar going in. The manufactured home sits on land owned outright by the borrower, inside a gated community — not a leased pad in a mobile home park — which supported the asset-based read on equity and helped keep the file on lite documentation from submission to funding. That distinction matters in Los Angeles County specifically: LA County's Treasurer and Tax Collector treats a mobile home as unsecured personal property when it isn't attached to a permanent foundation, but assesses it as real property, billed together with the land, once it's permanently affixed to owned land — which is the case here.
Own A Manufactured Home Investment Property In California?
Hanover Mortgage Company arranges business purpose cash-out refinancing on manufactured and mobile home investment properties throughout California, including gated and age-restricted communities.
Get a Free QuotePrefer to talk first? Call (714) 838-1474 x102
Manufactured homes inside gated communities carry a different risk and management profile than standalone mobile home park pads — HOA-style maintained streets, controlled access, and a more uniform mix of neighboring properties. For an investor holding the property for rental income, that combination supports steadier occupancy and easier property management, which is part of why Hanover Mortgage Company continues to see manufactured home investment properties, gated or otherwise, as workable business purpose collateral across California — not just in Pomona, but throughout Los Angeles, Riverside, and Ventura counties.
How Hanover MC Structured This Financing
A business purpose 1st on a manufactured home investment property is evaluated primarily on the property's equity, not the borrower's personal income or DTI. Financing is asset-based, though light documentation is still required. On this Pomona transaction, Hanover Mortgage Company structured the cash-out refinance with a 20-year amortization and no prepayment penalty, giving the borrower flexibility to redeploy the proceeds without a fixed exit timeline.
Hanover Mortgage Company arranges private, business-purpose mortgage financing for property owners and investors throughout California, evaluated on the asset and available equity rather than income or DTI. Hanover MC does not fund loans directly — capital comes from private trust deed investors, with financing arranged under Hanover's California DRE broker license.
Every transaction is underwritten in-house, with custom loan documents ordered for the California property. Hanover Mortgage Company generally considers financing up to 70% LTV on 1–4 unit properties and up to 65% LTV on commercial properties. Land is evaluated case by case. CLTV is generally capped around 60%.
Request a Quote on Your Manufactured Home Financing
FAQ
- Q: Does the land under a manufactured home need to be owned, not leased?
- A: Yes — Hanover Mortgage Company requires the land underlying the manufactured home to be owned by the borrower. A leased pad or lot in a mobile home park does not qualify as collateral for this type of financing.
- Q: Can a manufactured home in a gated community qualify for a business purpose cash-out refinance?
- A: Yes — Hanover Mortgage Company evaluates manufactured home investment properties the same way it evaluates any other business purpose asset, on equity rather than income or DTI.
- Q: Does Hanover Mortgage Company fund loans directly?
- A: No — Hanover Mortgage Company arranges the financing as a broker under its California DRE license, with capital coming from private trust deed investors.
- Q: Is a prepayment penalty required on a business purpose 1st like this one?
- A: Not always. This Pomona cash-out refinance closed with no prepayment penalty on a 20-year amortization; terms are structured deal by deal.
- Q: What LTV should I expect on a manufactured home cash-out refinance?
- A: Generally up to 70% on 1–4 unit properties and up to 65% on commercial properties, with CLTV generally capped around 60%. Land is evaluated case by case.
Talk to Hanover About Your Next Deal
Hanover Mortgage Company works with returning and new investors on business purpose 1st, 2nd, and 3rd financing for manufactured homes, single family rentals, and multi-unit properties throughout California.
Contact Hanover MCPrefer to talk first? Call (714) 838-1474 x102
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- Saticoy, CA Private Money Loans | Hanover Mortgage Company
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- See some of our other closed deals in Transactions
For general background on manufactured housing construction and safety standards, see HUD's manufactured housing homeowner resources.