Closed $422K Purchase Loan for a Ventura County Church & Classroo
By Hanover MC On August 27 2026
Church Purchase Loan Closed — Unincorporated Ventura County, CA 93063 | Hanover MC
Past Closings · Ventura County
Closed $422K Purchase Loan for a Ventura County Church & Classroom Building
Hanover MC arranged a $422,000 business purpose purchase loan on a two-building church property in unincorporated Ventura County, funded by private trust deed investors.
Quick answerHanover MC arranged a $422,000 business purpose 1st trust deed purchase loan secured by a religious facility in unincorporated Ventura County, CA 93063 — two single-story detached buildings on one parcel, with the main building serving as a church sanctuary and a second, modular building used as an office/classroom. The property purchased for $870,000, with 25-year amortization and a 3-year balloon, funded by private trust deed investors.
$422KLoan amount
1st TDPosition
25 yrAmortization
3 yrBalloon
The deal
A religious organization purchased a two-building property in unincorporated Ventura County, 93063, for $870,000. The site holds two detached, single-story structures: a main building functioning as the sanctuary, and a smaller modular building used as office and classroom space — a common layout for congregations that have outgrown a single-building footprint but don't need, or can't yet afford, ground-up construction.
Hanover MC underwrote the file as a business purpose 1st trust deed purchase, evaluating the property and the transaction's equity position rather than leaning on a conventional income-based approach that can be a poor fit for religious and non-profit borrowers. The loan closed at $422,000 against a $870,000 purchase price, with 25-year amortization and a 3-year balloon, funded by private trust deed investors and arranged under Hanover MC's California DRE broker license.
Loan snapshot
| Property type | Sanctuary + detached modular office/classroom |
| Borrower | Religious organization |
| Purpose | Purchase |
| Purchase price | $870,000 |
| Loan amount | $422,000 |
| Position | First trust deed |
| Amortization / balloon | 25 yr / 3 yr |
| Payments | Principal & interest |
| County | Ventura County, CA (unincorporated, 93063) |
| Capital source | Private trust deed investors |
Figures describe this specific, previously closed transaction only — not a quote or commitment to lend. Every borrower and property is underwritten on its own terms.
About unincorporated Ventura County, CA 93063
The 93063 zip code covers the City of Simi Valley along with unincorporated pockets of Ventura County nearby. This property sits on one of those unincorporated parcels, where zoning and permitting fall under county rather than city jurisdiction.
Why the religious organization chose Hanover MC
Asset-based underwriting
The decision rested on the property and its equity position, not a rigid income formula — a better fit for a congregation funded by tithes and donations rather than a traditional income statement.
Multi-building, mixed-use comfort
A sanctuary paired with a separate modular office/classroom building didn't complicate the file. Hanover MC reviewed the whole parcel and use case together.
Unincorporated county zoning experience
The property sits outside city limits, carrying its own permitting path. Hanover MC underwrote with that county jurisdiction in mind.
A purchase loan, arranged and closed
The organization needed financing to complete the purchase. Hanover MC arranged the business purpose 1st trust deed loan through private trust deed investors to get the deal to closing.
Frequently asked questions
What property secured this Ventura County loan?
A two-building religious facility in unincorporated Ventura County, 93063 — a main sanctuary building and a separate, detached modular building used as an office/classroom.
Does a multi-building or unincorporated-county property complicate financing?
Not automatically. Hanover MC reviews the property and use case holistically, including parcels with more than one structure and those under county rather than city zoning jurisdiction.
Will my rate be better as an LLC versus a religious non-profit?
Entity type alone doesn't set terms. Hanover MC arranges business purpose 1st, 2nd, and 3rd's around the property and equity position, evaluated case by case.
Who funded this loan?
Private trust deed investors, arranged by Hanover MC.
Does Hanover MC arrange purchase loans for churches elsewhere in California?
Yes — business purpose 1st, 2nd, and 3rd's for religious and non-profit organizational borrowers statewide, for both purchase and refinance transactions.
Is this loan type available for personal or owner-occupied use?
Not for personal or consumer use. This transaction was business purpose only. Hanover MC does arrange owner-occupied loans when the loan is for a business purpose — loans for personal, family, or household (consumer) use are not offered.
Need capital for a religious or multi-building property?
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. Please note that Hanover MC does require lite documentation.
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.
Hanover Mortgage Company arranges loans on behalf of private trust deed investors. All loans are business purpose only. No consumer loans. California real estate only. This is not an offer to lend. Loan programs, amounts, rates, and terms are subject to change without notice. Borrowers and properties must qualify. Conditions and restrictions may apply. Not all programs available in all areas. Not a commitment to lend. All transactions subject to underwriting and investor approval. 1st, 2nd, and 3rd trust deed positions are underwritten.