ADU Financing for Real Estate Investors in California

[Jo-Ann Lapin]

Loan options for the financing of Accessory Dwelling Units (ADUs).

Accessory Dwelling Unit (ADU) Financing Need funding for an ADU (accessory dwelling unit)? We provide financing options for accessory dwelling units placed on a property with an existing dwelling (Single-Family or Multi-Family Residence) that is non-owner occupied, built for spec, or held for investment purposes. ADU Program Highlights This program provides financing for Accessory Dwelling Unit construction on non-owner-occupied properties when the ADU will be used as a rental or is built for spec. Business Purpose ONLY 1st TD or 2nd TD 65% LTV/CLTV (AS IS) w/20% Holdback After Repair Value (ARV) w/Fund Control Can utilize equity from other properties to qualify Loan amounts from $35k+ Junior Accessory Dwelling Units (JADUs) case-by-case City/County ADU zoning/ordinances and state laws apply. We are qualified, experienced, and understand the specifics of ADU lending and can best serve your ADU financing needs. Have a Question or Loan Scenario? Call Today 714-838-1474 ext. 102 or email back with your scenarios or questions. We provide financing for transactions that don't fit a typical bank model, without the crippling fees of traditional hard money. Please feel free to give me a call for more information or to discuss a loan SCENARIO. Jo-Ann Lapin | MLO/AE 714.838.1474 ext. 102 [email protected] CA DRE License ID: 01203203 NMLS I.D. Number: 258823 Copyright © 2022 - 2023 Hanover Mortgage Company. 2522 Chambers Road, Tustin, CA 92780 California Department of Real Estate, real estate broker license #01410448. NMLS I.D. number: 337458 Disclosure:  High-cost loans are not allowed. Program features and services are not available in all areas. Rates and programs are subject to change without notice. This is not a commitment to lend.