Hard Money Loans for Real Estate Transactions that do not Qualify for Ordinary Bank or Conventional Financing.
HanoverMC is not a bank. And that’s great news for our borrowers, because we use private capital to make hard money loans secured by real estate quickly and efficiently. Even if your FICO® score isn’t perfect or your Income doesn’t fall into traditional guidelines, our non-bank, hard money loans allow for flexibility. If a fix and flip, rental buy and hold, commercial rehab, manufactured construction or small business startup is in your future, then it is time you met HanoverMC.
An Unconventional Approach to Lending
We realize a “one size fits all” approach to lending doesn’t work. Conventional loans are underwritten to a traditional standard that evaluates transaction metrics within a box, unable to deviate from modeling tools and matrices. What works for one, may not work for another – which is why there simply can’t be a one-size-fits-all approach to lending.
Interest Rates From 7.5%.
Rate varies depending on property type, location, and sponsorship.
Loan to Value Up to 65%.
LTV varies depending on property type, location, and sponsorship.
Loans from $35,000 & Up.
We arrange real estate loans from small amounts to 2.5m.
Terms 60 Months.
We structure loans with a standard 5 Year balloon, but amortized up to 40 Years.
No Pre-Payment Penalty.
All loans may be paid down or paid off after 90-days without penalty.
No Upfront Fee Loans.
You can get started with no upfront fees or deposits.
Hard Money Lending with HANOVER MC
HanoverMC was formed with the vision to break away from homogeneous lending and takes a holistic approach to underwriting hard money loans, as no two transactions are alike. Our method is to account for transaction-specific characteristics, evaluating each and every loan metric on its own merits, using different strategies to underwrite different types of transactions.
CLOSED HARD MONEY LOANS
Representative Transactions
The Hard Money Loan Funding You Need
We underwrite most property types and offer a suite of loan programs geared towards opportunistic transactions.
Loan Programs
Bridge
Short-to-medium term lending secured by a variety of real estate from small-balance commercial to investment residential.
Fix & Flip
A Real Estate Investor program to Purchase, Repair & Sell or Hold investment properties based on their After Repair Value (A.R.V).
Fix & Hold
A Real Estate Investor program to Purchase, Repair & Hold investment properties based on their After Repair Value (A.R.V).
MHP Communities
Financing for Mobile Home Parks & Manufactured Housing Communities located in California.
Factory Built
Manufactured/Mobile & Modular homes financing of new and pre-owned (used) factory built units on land.
Unfinished Construction
A financing program for unfinished and unoccupied commercial and residential properties in Southern California.
Non-Warrantable Condos
Condominium Unit Mortgages for individual dwelling units located in non-approved Condominium Projects.
Faith Based
Capital to renovate, purchase, or expand a ‘sanctuary’ building owned by faith-based organizations or refinance a mortgage.
Probate Loan
Assisting fiduciaries and court appointed trustees with capital needs such as property maintenance, eviction of tenants, and debt service.
Estate Loan
Short term capital for Trusts & Probate Administration used to repair property for sale, manage administrative expenses, and cover ongoing carrying costs.
Trust Loan
Short term capital to trustees who borrow on behalf of the trust, secured by real property in California, that is held in a Trust.
Fiduciary Loan
Trust and estate loans to California attorney’s seeking to borrow on behalf of their client’s trust or estate. Use liquidity to pay attorney’s fees, taxes, or judgments.
Property Types
Commercial
General Use, Special Use and Mixed-Use Properties, Apartment/Multi-Family, Office, Office-Condos, Retail & Industrial.
Apartments
Residential structures containing 5+ multiple dwelling units with common areas and facilities.
Religious Facility
Houses of Worship, Church, Synagogue, Temple.
Automotive
Truck & Auto Repair, Service, Parts, Dealerships, Parking Lots, Garage/ Storage, Stops/ Terminals, Non-Flagged Gas Station.
Hospitality
Non-Flagged Hotels & Motels, Board & Care, Halfway & Sober Living, and Fraternity & Sorority Houses.
Light Industrial
Storage Cold/Freight, Nursery or Contractors Yards, Factories & Manufacturing Plants.
Residential Real Estate
Investment residential property – rental property or property bought for subsequent sale (not owner occupied) – Single Family Residence (SFR), Manufactured/Mobile & Modular Homes, Townhouses, Condominiums, Condotels, Multi-Unit Properties.
CUSTOM-TAILORED HARD MONEY QUOTES
Our approach to evaluating a hard money loan considers a comprehensive range of risk attributes to generate an individualized price quote, making the lending process quick, comfortable and affordable.
GET A QUOTE
Are You Interested in Getting
a Hard Money Loan Quote…
We arrange competitive rates and flexible terms with no upfront fees on transactions involving the Acquisition, Refinance and/or Rehabilitation/Renovation of investment real estate including transitional properties, value add opportunities and transactions requiring time-sensitive (fast) closings..
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No Hidden or Upfront Fees
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Attractively-Priced Loans
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Minimal Documentation
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Flexible Underwriting