Cash-Out Second Mortgages in Newport Beach
Keep Your First Loan in Place.
Tap the equity in your Newport 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 Newport Beach
What to Know About Newport Beach
Newport Beach has some of the highest property values in Southern California, from the islands and the Balboa Peninsula to Corona del Mar and the bluffs. Much of the city sits in the coastal zone, and some waterfront areas are in flood zones.
With values this high, Newport Beach owners often hold very large equity positions and a first mortgage they’d never give up. A private second accesses that equity for a business purpose on a primary residence, or from investment property, without refinancing the first.
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
Newport Beach Neighborhoods
We lend throughout Newport Beach and the rest of Orange County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Newport Beach: Questions
Can you handle a large second mortgage in Newport Beach?
Our loans run $50K to $5M+. We look at the property and the equity behind it, and the first loan stays in place.
Do you lend in Newport Beach?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Orange County deals directly, including Newport 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 Newport Beach
Cash-Out Second Mortgages Elsewhere in Orange County
Have Equity in Your Newport Beach Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Newport Beach and Orange 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.