SFR Archives - Hanover MC

Loan Closings

Hard Money Loan Closed in Clearlake, California

A hard money Blanket loan closed on Four SFR’s in Clearlake, CA 95422. This blanket loan against four SFR investment properties provided investment capital to a seasoned real estate investor for the Acquisition of additional investments dwelling to renovate (fix) and hold (rent). Known as the “Bass Capital of the West,” Clearlake is a city that surrounds a natural freshwater lake in Lake County, the largest and possibly oldest freshwater lake in California. Archaeologists believe that the Clear Lake basin has been occupied by Native Americans for at least 11,000 years. Clear Lake was used as an outlying seaplane base

G. David Lapin September 21, 2020 No Comments

Loan Closings

Hard Money Loan Closed in Canyon Lake, California

A hard money Acquisition loan closed on a Fix-and-Flip in Canyon Lake, CA 92587. The loan provided fix-and-flip financing to a seasoned real estate investor for the Acquisition of a HUD REO dwelling to renovate (fix) and sell (flip). Canyon Lake is a city and private gated community on Canyon Lake reservoir, located in the Inland Empire, Riverside County, California, United States – halfway between Lake Elsinore and Sun City, California. Canyon Lake began as a master-planned community developed by Corona Land Company in 1968. With a current population just over 11,000 residents, this recreation-oriented community was incorporated on December

G. David Lapin September 14, 2020 No Comments

Loan Closings

Hard Money Loan Closed in Adelanto, California

A hard money Working Capital loan closed on an SFR in Adelanto, CA 92301. The loan provided Working Capital funds to a seasoned real estate investor to use towards the purchase, of additional real estate for investment. The subject property was income producing and existing rent covered debt service/PITI. Adelanto is a city in San Bernardino County, California, United States and was founded in 1915 by E. H. Richardson, the inventor of what became the Hotpoint Electric Iron. He sold his patent and purchased land for $75,000. He had planned to develop one of the first master planned communities in

G. David Lapin August 20, 2020 No Comments