There are segments of the market that are not being served by today's Crowdfunding Marketplaces, Banks & Credit Unions, Insurance & Life Companies, or Agency and Government programs. This is where we fit in, And you may too! We offer Secured Investments for Accredited Investors. Select from either whole loan or fractional interest in California trust deed investments.
We purchase promissory notes secured by deeds of trust on California real estate, both residential and commercial properties. This Orchard Ranch property's line of credit had matured and the borrower was facing an impending NOD due to several failed refinance attempts at major banks and an impatient creditor that would not renew the line - all because the institutional lenders were singularly focused on deriving income from tax returns.
We purchase promissory notes secured by deeds of trust on California real estate, both residential and commercial properties. This Orchard Ranch property's line of credit had matured and the borrower was facing an impending NOD due to several failed refinance attempts at major banks and an impatient creditor that would not renew the line - all because the institutional lenders were singularly focused on deriving income from tax returns.
Services
People do business with people they like and trust. In most cases, our differentiation distills down to building relationships versus simply completing transactions. The result is a win-win for all stakeholders: Investor, Borrower and Referral Partner. G. David Lapin serves as the President of and Broker of Record for Hanover Mortgage Company and manages and executes the strategic direction for the company.
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.
Hanover MC makes real estate loans secured by deeds of trust held by private individuals, trusts and qualified retirement accounts seeking different investment needs.
Whether trust deed investors want short-term investments, long-term investments, single-property investments or diversified investments over multiple properties, our team works closely with our trust deed investors to align the trust deed investment strategy with their individual goals and objectives.
Whether trust deed investors want short-term investments, long-term investments, single-property investments or diversified investments over multiple properties, our team works closely with our trust deed investors to align the trust deed investment strategy with their individual goals and objectives.
We realize there isn't a "one size fits all" approach to pricing a real estate note buy. Promissory notes have many variables that need to be evaluated on a case-by-case basis. What works for one, may not work for another - which is why there simply can't be a one-size-fits-all pricing approach. Private mortgage note holders have options available when considering the sale of their note.
We pull a tri-merge credit report with scores on each borrower and guarantor. However, we are not credit score sensitive, don't require a minimum and non-traditional credit is considered. There is no formal rate matrix since each loan scenario is unique. Rates vary based on a number of factors most notably the loan-to-value, property type, property location, and term.
Reviews (12)
Samantha X.
Jan 29, 2022
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Joaquin Castro
Jan 24, 2022
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So, this being our first experience in construction loans, I feel fortunate to have been referred to JoAnn for our RE venture.
Not only is she insightful in the RE arena, but I feel like I’m talking to my next door neighbor - besides RE, we’ve talked about everything from Covid, to rebuilding muscle cars, to the importance of family.
Though we haven’t completed our first project, I feel like it’s our 10th.
Not only is she insightful in the RE arena, but I feel like I’m talking to my next door neighbor - besides RE, we’ve talked about everything from Covid, to rebuilding muscle cars, to the importance of family.
Though we haven’t completed our first project, I feel like it’s our 10th.
Shuja Ahmed
Jan 14, 2022
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Don Eaton
Jan 13, 2022
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Positive: Professionalism, Quality, Responsiveness, Value
Jo-Ann and David were great to work with. No deal is as simple as it looks at first, and they were agile and proactive in doing all they could to make the deal work. They were aggressive with pricing and terms, prompt with follow-up, and patient where needed. I would definitely bring other deals to them again.
Jo-Ann and David were great to work with. No deal is as simple as it looks at first, and they were agile and proactive in doing all they could to make the deal work. They were aggressive with pricing and terms, prompt with follow-up, and patient where needed. I would definitely bring other deals to them again.
B. Rz
Nov 04, 2021
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It is a pleasure to work with the Hanover Team, Jo-ann and David. They do what they say, on time and for the promised & fair terms.
By the way, I am in the business. If a lender recommends and hires a lender for their own transaction, that means a lot!
Hanover exhibited professional, honest, credible, behavior throughout the transaction. I recommend Jo-ann and David with no reservations and at 100%. Keep up the great representation on behalf of your clients!!"
By the way, I am in the business. If a lender recommends and hires a lender for their own transaction, that means a lot!
Hanover exhibited professional, honest, credible, behavior throughout the transaction. I recommend Jo-ann and David with no reservations and at 100%. Keep up the great representation on behalf of your clients!!"
Alonzo G.
Jul 28, 2020
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John Arendsen
Jan 29, 2019
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In the time I've had to become acquainted with Joanne Lappin I am very impressed with her business acumen and overall knowledge and understanding of the budding Accessory Dwelling Unit (ADU) aka BACKYARD HOME, Granny Flat, etc. industry as well as the Manufactured Home Industry which is fast becoming a major player in this once considered cottage industry (pun intended) which is quickly turning into a major growth industry.
With their many creative and innovative ways of contributing to the lending industry from construction loans, take out loans, to HELOC's, 2nd trust deeds, etc. and their ability
With their many creative and innovative ways of contributing to the lending industry from construction loans, take out loans, to HELOC's, 2nd trust deeds, etc. and their ability
Trevor Phelps
Jun 21, 2018
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I’ve used JoAnn and David’s services twice now and they have been superior in every way. Their rates and fees are very competitive. They close deals quickly and efficiently. Combined, they are a wealth of information. They are always available to help and feel more like business partners than Lenders. They are honest and trustworthy. I highly recommend HanoverMC!
Aidris
Jan 22, 2017
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I've been an active private money lender since 1993, with over 15 years of working with numourous brokerage firms. I've been actively working with Hanover Mortgage Company since 2009 and they are absolutely, without questions, the best in their field in the entire state of California. I'd recommend working with JoAnn and David without any hesitation. They are the best kept secret in investing and I highly suggest you contact them today.
Gregg Andreasen
Aug 17, 2016
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I have been working with David and Jo Ann at Hanover Mortgage for several years now. During this time I have witnessed their level of professionalism and personal attention to detail. I have been impressed with their canceling a potential loan when they have justifiable concerns. This shows me they are not just chasing fees.Their mission is to provide the best service for their clients and to this end I have nothing but praise. The thoroughness of the documentation they provide for each loan along with their personal insight about a project provides for a high level of confidence. I will certainly
Avi R.
Jul 15, 2016
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Seamless, Fast, and Extraordinary service!!! There are no words to really describe how amazing my experience was with Hanover MC. David Lapin and Joann hit it out of the park with their customer service, communication, and their encyclopedia-like knowledge of lending. They exceeded my expectations on so many levels. I went into the refinance looking for working capital, David's consultation helped me with a bigger picture and long term goals. It really does not get smoother than that!
M. B.
Feb 21, 2015
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