Cash-Out Second Mortgages in Coronado
Keep Your First Loan in Place.
Tap the equity in your Coronado 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 Coronado
What to Know About Coronado
Coronado sits on a peninsula across the bay from downtown San Diego, reached by the Coronado Bridge or the Silver Strand, and shares its northern end with Naval Air Station North Island. The Village is a grid of older homes on small lots, Coronado Shores is a row of high-rise condominiums on the beach, and the Coronado Cays to the south are built around private boat docks.
Coronado property carries some of the highest values in the county, and many owners have substantial equity with a first mortgage they want to keep. A private second lets you use that equity for a business purpose, secured by a primary residence or a rental. Condos in Coronado Shores and homes in the Cays can work as well as single-family houses in the Village.
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
Coronado Neighborhoods
We lend throughout Coronado and the rest of San Diego County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Coronado: Questions
Can I take equity out of my Coronado Shores condo?
Yes. A second mortgage can sit behind your existing first on a condo, for a business purpose on a primary residence or on a rental.
Do you lend in Coronado?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite San Diego County deals directly, including Coronado, 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 Coronado
Cash-Out Second Mortgages Elsewhere in San Diego County
Have Equity in Your Coronado Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Coronado and San Diego 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.