Cash-Out Second Mortgages in Long Beach
Keep Your First Loan in Place.
Tap the equity in your Long Beach primary residence or investment property for a business or investment purpose, without refinancing your existing first mortgage, subject to our underwriting.
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Cash-Out Second Mortgages in Long Beach
What to Know About Long Beach
Much of Long Beach was built before 1950. Craftsman and Spanish-style homes fill Bixby Knolls, California Heights and Wrigley, while neighborhoods closer to Downtown and the water have a large share of duplexes, triplexes and courtyard buildings.
Long Beach owners range from longtime residents in Los Altos and Bixby Knolls to investors holding small multifamily near Downtown and Alamitos Beach. Both groups often have a low-rate first mortgage worth keeping. A private second lets you pull equity from a primary residence for a business purpose, or from a rental, while that first loan stays exactly as it is.
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
Long Beach Neighborhoods
We lend throughout Long Beach and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Long Beach: Questions
Can I take equity out of my Long Beach fourplex without refinancing?
Yes. A second mortgage sits behind your existing first loan, so the building’s current financing stays as it is. Bring the rent roll if you have it; it helps us understand the property.
Do you lend in Long Beach?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Long Beach, 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 Long Beach
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Long Beach Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Long Beach 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.