The Deal
Hanover MC arranged a hard money purchase loan secured by a single-family dwelling in Littlerock, CA. The acquisition funds allowed an experienced real estate investor to buy the property as a long-term rental, closing on business purpose terms with no bank qualifying. Lite documentation was required.
At 45% loan-to-value, the deal carried a wide equity cushion, secured by a first trust deed with a 60-month term on principal-and-interest payments.
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 Littlerock, CA
Founded in 1893, Littlerock sits about 50 miles north of Los Angeles in the foothills of the San Gabriel Mountains, within the Antelope Valley. Home to roughly 12,600 residents, it's an agricultural community known for its orchards, fruit stands, and antique stores — earning it the nickname "The Fruit Basket of the Antelope Valley." For investors, it represents a lower-cost, lower-density corner of Los Angeles County where rental acquisitions can pencil at conservative leverage.
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 available.
Frequently Asked Questions
What loan did Hanover MC close in Littlerock, CA?
A $42,000 hard money purchase loan on a single-family rental at 45% loan-to-value, secured by a first trust deed with a 60-month term.
Who was the borrower?
A real estate investor acquiring the property as a long-term rental — a business purpose loan, not an owner-occupant purchase.
Does Hanover MC lend in rural or agricultural parts of Los Angeles County?
Yes. Littlerock is an agricultural community in the Antelope Valley, and this deal shows Hanover MC structures loans for investment property outside the county's dense urban core.
