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Michael Daniel Investments MICHAEL DANIEL INVESTMENTS PRIVATE LENDING
Homeowners Investors We Buy Properties for Cash (818) 937-9987
Redondo Beach, CA · Business-Purpose Lending

Cash-Out Second Mortgages in Redondo Beach
Keep Your First Loan in Place.

Check Your Eligibility ↓
Call (818) 937-9987Get Started

Tap the equity in your Redondo Beach primary residence or investment property for a business or investment purpose, without refinancing your existing first mortgage, subject to our underwriting.

✓ Keep your 1st mortgage
✓ Primary or investment property
✓ Equity-based approval
✓ $50K–$5M+
✓ Self-employed or turned down by a bank? We look at the equity first.
Check Your Eligibility
No obligation. A real person will follow up.

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Know Before You Call

Do You Qualify? What to Expect

Up to 65% Combined LTV
Your first mortgage plus the new 2nd can total up to 65% of the property’s appraised value in California.
$50K to $5M+
Loan amounts start at $50K.
Business or Investment Purpose Only
Proceeds go to a business or investment use, and you sign a business-purpose statement at closing.
Rates and Fees in Writing
You get the rate and fees in writing before you commit to anything.

Quick Self-Check

Is This the Right Loan for You?

This May Be a Fit If…
  • You own a home or investment property in California with real equity in it.
  • The money is going to a business, an investment property or a project.
  • You need $50K or more.
This Probably Isn’t a Fit If…
  • You need to borrow more than 65% of the property’s value, counting your first mortgage.
  • The money is for personal or household expenses.

Cash-Out Second Mortgages in Redondo Beach

What to Know About Redondo Beach

Redondo Beach is a South Bay beach city with King Harbor and the pier on its waterfront and Riviera Village at its southern end. North Redondo, the larger and flatter half of town, has many postwar lots that have been rebuilt as side-by-side townhomes, while South Redondo and Golden Hills climb toward the Palos Verdes hills.

A lot of Redondo Beach equity sits in townhomes and two-on-a-lot condos in North Redondo, and in single-family houses closer to the water in South Redondo. Owners who bought or refinanced at the right moment usually want that first mortgage untouched. We lend in second position for business or investment purposes, on a residence or a rental. The first loan keeps its terms.

How It Works

Cash-Out 2nd Mortgage Terms

Your Primary Residence
Borrow against the home you live in when the money goes to a business or investment use. A signed business-purpose statement is part of closing.
Investment Property
Pull equity from a rental or other investment property and leave the first loan alone.
Keep Your First Mortgage
No need to give up a low-rate first loan just to access the equity behind it.
$50K–$5M+
Loan Amounts
2nd Position
Behind Your Existing 1st
Business Purpose
Primary or Investment Property

Rates, points and fees depend on the property and the deal and are disclosed in writing before you commit.

Where We Lend

Redondo Beach Neighborhoods

We lend throughout Redondo Beach and the rest of Los Angeles County, including these areas.

Riviera VillageKing HarborNorth RedondoSouth RedondoGolden HillsAvenues (South Redondo)

Straight Answers

Cash-Out Second Mortgages in Redondo Beach: Questions

Can I get a second on my North Redondo townhome?

Yes, for a business or investment purpose, and it works on a townhome you live in or rent out. Your first mortgage stays as it is, and we review the HOA dues with the rest of the carrying costs.

Do you lend in Redondo Beach?

Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Redondo Beach, rather than handing them to 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 Redondo Beach

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Cash-Out Second Mortgages Elsewhere in Los Angeles County

Santa ClaritaLong BeachGlendaleTorranceBurbankPasadenaWest CovinaDowneyHawthorneCarsonLos AngelesLancasterPalmdalePomonaEl MonteInglewoodNorwalkComptonSanta MonicaWhittierAlhambraLakewoodBellflowerArcadiaDiamond BarCulver CityGardenaMonterey ParkGlendora

Have Equity in Your Redondo Beach Property?

Tell us about it and we’ll give you a straight answer.

Get Started → or call (818) 937-9987

Serving Redondo 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.