FAQs

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Do I need to get an appraisal?

By |2017-03-11T16:00:43-08:00March 11th, 2017|Categories: |

Yes. An appraisal is part of Hanover MC’s underwriting and due diligence process and is necessary on all transactions.  If an appraisal has already been completed providing a copy for our review may fulfill the need and save time.

What are Hanover MC’s underwriting requirements?

By |2017-03-11T16:04:18-08:00March 11th, 2017|Categories: |

We start with looking at your qualifications. We seek to partner with professional redevelopers who have a track record of success. You should have 3+ projects under your belt and a network of contractors, legal professionals and real estate agents who help you achieve your goals. Once you are prequalified we look at each project on [...]

Can I finance 100% of the acquisition cost?

By |2017-03-11T15:49:22-08:00March 11th, 2017|Categories: |

We require that you bring at least 20% of the purchase price to the closing table. Depending on the scope of the rehab and your experience, we may ask for a greater percentage. Our investors like to know that you are committed to each project and the best way to do this is require you to [...]