Cash-Out Second Mortgages in Hawthorne
Keep Your First Loan in Place.
Tap the equity in your Hawthorne 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 Hawthorne
What to Know About Hawthorne
Hawthorne, in the South Bay, has a dense mix of small single-family homes, duplexes and apartment buildings, much of it built in the mid-twentieth century. The city is home to a major aerospace employer and sits close to the stadium district in neighboring Inglewood.
Hawthorne has a large share of small multifamily and older single-family homes, many owned for years with real equity. A private second can pull capital from a rental, or from a primary residence for a business purpose, without refinancing an existing first mortgage.
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
Hawthorne Neighborhoods
We lend throughout Hawthorne and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Hawthorne: Questions
Can I take equity out of a Hawthorne duplex?
Yes. We lend second mortgages on small multifamily as well as single-family homes, without disturbing the existing first loan.
Do you lend in Hawthorne?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Hawthorne, 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 Hawthorne
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Hawthorne Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Hawthorne 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.