Cash-Out Second Mortgages in Los Angeles
Keep Your First Loan in Place.
Tap the equity in your Los Angeles primary residence or investment property for a business or investment purpose, without refinancing your existing first mortgage, subject to our underwriting.
By submitting you agree to be contacted by phone, text, or email about your inquiry. Consent is not a condition of obtaining a loan. See our Privacy Policy.
Cash-Out Second Mortgages in Los Angeles
What to Know About Los Angeles
The City of Los Angeles covers everything from hillside streets in Silver Lake and Eagle Rock to the flat postwar grids of Van Nuys and North Hollywood in the San Fernando Valley. Craftsman and Victorian homes in Highland Park, early bungalows across South LA and mid-century houses near LAX in Westchester all fall under the same city rules.
Equity in the City of LA is spread across very different property types: a Silver Lake hillside house, a fourplex in South LA, a Valley ranch home in Van Nuys. Plenty of those owners locked in a first mortgage they have no reason to give up. A private second lets you borrow against a rental, or against your primary residence for a business purpose, and the first loan is left alone. Many older apartment buildings fall under the city’s Rent Stabilization Ordinance, so we read the rent roll with that in mind.
How It Works
Cash-Out 2nd Mortgage Terms
Rates, points and fees depend on the property and the deal and are disclosed in writing before you commit.
Where We Lend
Los Angeles Neighborhoods
We lend throughout Los Angeles and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Los Angeles: Questions
My South LA duplex is under rent control. Can I still take out a second?
Yes. We look at the actual rents and how the city’s Rent Stabilization Ordinance applies to the building, and the second sits behind your existing first loan without replacing it.
Do you lend in Los Angeles?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Los Angeles, rather than routing them through an out-of-state call center.
Can I borrow against my primary residence?
Yes, when the loan is for a business or investment purpose. That’s what sets us apart from many private lenders who won’t lend on an owner-occupied home. A signed business-purpose statement is required at closing, and the proceeds can’t be used for personal or household expenses.
More in Los Angeles
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Los Angeles Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Los Angeles and Los Angeles County, California
Michael Daniel Investments, Inc.
417 Arden Ave, Suite 121A, Glendale, CA 91203 · (818) 937-9987
California Department of Real Estate DRE# 02037255 and NMLS# 233991.