Hard Money Refinance in California | Business-Purpose
By Hanover MC On February 24 2026
Private, equity-based refinancing for investment properties in California. Hanover MC arranges business-purpose loans.
California · Business Purpose Only · Updated April 29, 2025
Hard Money Refinance — California
Private real estate refinancing arranged through trust deed investors — not banks. Asset-based underwriting and flexible structuring for business-purpose real estate throughout California.
Lite doc acceptedAsset-based underwritingNo upfront feesBusiness purpose only
Not sure if your deal makes sense? Call for a quick review — no upfront fees.
(714) 838-1474 x102 · hanovermc.com/apply
(714) 838-1474 x102 · hanovermc.com/apply
What is a hard money refinance?
A hard money refinance replaces an existing loan — often short-term or high-interest — with new financing sourced through private capital. Rather than relying on income verification and standardized underwriting, these loans are evaluated based on property value, equity position, asset strength, and a defined exit strategy.
Hanover Mortgage Company arranges and structures private mortgage refinances for business-purpose real estate throughout California, with an emphasis on the underlying asset rather than the borrower's financial profile.
What are the requirements for a hard money refinance in California?
Every scenario is reviewed individually. Common considerations include:
- Sufficient equity in the property
- Acceptable property type and condition
- A clear exit strategy (sale, refinance, stabilization, etc.)
- Business-purpose use
- Clear title and ownership structure (individual or entity)
When is a hard money refinance used?
Common use cases
- Addressing a maturing loan or balloon payment
- Navigating default or foreclosure timelines — business purpose, non-owner occupied only
- Accessing equity from an investment property
- Restructuring bridge or private debt
- Refinancing after renovations or improvements
Who is this for?
Available to real estate investors, landlords, developers, business owners, and entity borrowers. Business-purpose only.
Real estate investors
Landlords
Developers
Business owners
LLCs
Entity borrowers
How are hard money refinance loans structured?
Each loan is evaluated individually — not through a standardized approval model. Key considerations include property type and condition, equity position, investment strategy, and exit plan. Funding comes from whole or fractional trust deed investors, not traditional banks, allowing financing decisions to be driven primarily by the real estate asset.
What property types are eligible?
Single-family investment
Multi-unit residential
Non-owner occupied
Fix-and-flip
Condos & townhomes
Mixed-use
Unique / non-standard assets — subject to underwriting review
How does hard money refinancing compare to traditional refinancing?
| Factor | Traditional lending | Private / trust deed |
|---|---|---|
| Focus | Income and debt-to-income ratio | Asset value and equity position |
| Underwriting | Standardized | Scenario-specific |
| Funding source | Banks and institutions | Trust deed investors |
Have a refinance scenario? No upfront fees. Business purpose only. Subject to underwriting approval.
(714) 838-1474 x102 · hanovermc.com/apply
(714) 838-1474 x102 · hanovermc.com/apply
What are typical hard money refinance rates in California in 2026?
Business-purpose loans only. Rates subject to change without notice. Subject to underwriting approval.
| Loan type | Max LTV | Rate range | Term |
|---|---|---|---|
| Cash-Out Refi | Up to 65% LTV | 8.5% and up | 1–5 yr |
| Rate & Term Refi | Up to 70% LTV | 8.5% and up | 1–5 yr |
| Bridge Refi | Up to 65% LTV | 8.5% and up | 6–24 mo |
| Commercial / Mixed-Use | Up to 60% LTV | 8.5% and up | 1–5 yr |
Points: 1–3. No prepayment penalty on most programs. Rates and terms subject to change without notice.
Where does Hanover MC arrange hard money refinances in California?
Hanover Mortgage Company arranges hard money and private money refinances throughout California — statewide. Commonly served markets include:
Orange County
Los Angeles County
San Diego County
Riverside County
San Bernardino County
Ventura County
Bay Area
Sacramento
Central Valley
Including Tustin · Irvine · Anaheim · Santa Ana · Newport Beach · Los Angeles · San Diego · Riverside · San Bernardino · Ventura · San Jose · Sacramento · Fresno · and surrounding areas. Business purpose only. California licensed only.
Arranging refinances statewide. No upfront fees. Business purpose only.
(714) 838-1474 x102 · hanovermc.com/apply
(714) 838-1474 x102 · hanovermc.com/apply
Frequently asked questions about hard money refinancing in California
What is a hard money refinance?
A hard money refinance replaces an existing loan using private capital, evaluated primarily on the property's value and equity rather than the borrower's income. Business purpose only.
Is a hard money refinance the same as a traditional refinance?
No. Traditional refinancing is income-driven and follows standardized guidelines. Hard money refinancing centers on the real estate asset — equity position, property value, and exit strategy.
Can a hard money refinance help with a loan in default?
In some cases, yes — depending on the available equity and overall property situation. Business purpose, non-owner occupied only. Subject to underwriting approval.
Is income verification required for a hard money refinance?
Income may be reviewed, but loan structuring places greater weight on the asset itself. Lite doc accepted. Business purpose only.
Can I access equity during a hard money refinance?
Cash-out may be available depending on your equity position and loan structure. Subject to underwriting approval. Business purpose only.
What California cities and counties does Hanover MC serve?
Hanover Mortgage Company arranges hard money refinances throughout California — including Orange County, Los Angeles County, San Diego County, Riverside County, San Bernardino County, the Bay Area, Sacramento, and surrounding areas. Business purpose only.
Ready to discuss your refinance? No upfront fees. Business purpose only. Subject to underwriting approval.
(714) 838-1474 x102 · hanovermc.com/apply
(714) 838-1474 x102 · hanovermc.com/apply
What do clients say about Hanover MC?
Client success story
See how we helped one of our clients navigate a complex refinance scenario.
Watch on YouTube →For illustrative purposes only. Individual results vary and are not a guarantee of future results or loan approval.
How do I get started with a hard money refinance?
If you're evaluating a hard money refinance, reach out to discuss your scenario and determine whether your property and situation align with current lending parameters.