Construction Loans in Santa Monica
Ground-Up, ADUs and Rebuilds.
Private construction financing for Santa Monica builders and investors, with draws tied to completed work and inspection milestones.
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Construction Loans in Santa Monica
What to Know About Santa Monica
Santa Monica is a small, almost entirely built-out beach city, with large single-family homes north of Montana, older cottages and bungalows in Ocean Park and Sunset Park, and a large stock of rent-controlled apartments. Much of the city near the water falls within the California coastal zone.
Construction in Santa Monica tends to be expensive and approval-heavy. Projects in the coastal zone can need a coastal development permit, and the city has designated historic districts and landmarks where exterior changes go through review. Most work is remodels, additions, ADUs and full rebuilds on existing lots. We fund to the approved plans and budget, with draws tied to inspected progress.
How It Works
Construction Loan Terms
Rates, leverage, points and fees depend on the project and are disclosed in writing before you commit.
Where We Lend
Santa Monica Neighborhoods
We lend throughout Santa Monica and the rest of Los Angeles County, including these areas.
Straight Answers
Construction Loans in Santa Monica: Questions
Do I need a coastal permit to rebuild in Santa Monica?
Many projects in the coastal zone do. Build that approval time into your schedule; we underwrite to the final approved plans.
Do you lend in Santa Monica?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Santa Monica, rather than routing them through an out-of-state call center.
How do construction draws work?
The loan is released in stages. As each phase of work is completed, it’s inspected, and the next draw is funded. That keeps the money matched to progress on the job.
More in Santa Monica
Construction Loans Elsewhere in Los Angeles County
Have a Build in Santa Monica?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Santa Monica 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.