Duplex Archives - Hanover MC

Loan Closings

Hard Money Loan Closed in Clearlake, California

A hard money Blanket loan closed on an income producing property in Clearlake, CA 95422. This cash-out refinance loan against an investment property (an improved lot with two detached SFR dwellings and Vacant lot) provided investment capital to buy investment property. Geologists believe that Clear Lake may be the oldest lake in North America, with lakes existing at its site for approximately 2.5 million years. Clear Lake was born when a huge landslide dammed the headwaters of Cold Creek, blocking westward water flow into the Russian River. Water filled the level valley. The rising waters eventually found an outlet in

G. David Lapin October 29, 2020 No Comments

Loan Closings

Hard Money Loan Closed in Ridgecrest, California

A hard money loan closed on an Affordable Housing Community in Ridgecrest, CA 93555. The loan provided Acquisition funds to a seasoned real estate investor to purchase, renovate, stabilize and resell an Affordable Housing Community consisting of 40 single-story, two-unit apartments dwellings. Ridgecrest is a city in Kern County, California, United States, located in the southern portion of the Indian Wells Valley and in the northeast corner of Kern County. Ridgecrest evolved into a growing and dynamic city during the 1950’s and 1960’s as a support community to the Naval Air Weapons Station China Lake, providing housing and services for

G. David Lapin August 17, 2020 No Comments

Loan Closings

Hard Money Loan Closed in Saticoy, California

A hard money ‘Fix & Hold’ loan closed on a Manufactured-Duplex in Saticoy, CA 93004. The loan provided Acquisition funds to a seasoned real estate investor to purchase, renovate and hold for investment two double wide modular homes built in 1992 on a 7500 sq. ft. lot. Saticoy is an unincorporated community in Ventura County, California, United States. The name comes from the Chumash village named Sa’aqtik’oy. The settlement was laid out in 1887 along the railroad line that was being built from Los Angeles through the Santa Clara River Valley to the town of San Buenaventura. Source: Wikipedia® Here

G. David Lapin August 6, 2020 No Comments