Cash-Out Second Mortgages in Culver City
Keep Your First Loan in Place.
Check Your Eligibility ↓
Tap the equity in your Culver City 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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Know Before You Call
Do You Qualify? What to Expect
Quick Self-Check
Is This the Right Loan for You?
- 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.
- 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 Culver City
What to Know About Culver City
Culver City grew up around its film studios in the 1920s and 1930s, and the studios are still at the center of town near a busy downtown and the Metro E Line. Neighborhoods like Carlson Park and Sunkist Park are mostly bungalows and postwar homes on flat streets along Ballona Creek, while Blair Hills and Culver Crest sit on the hillsides to the east.
Culver City homes sit on some of the most valuable land in the Westside, so even modest bungalows can hold large equity. Owners with a first loan they don’t want to replace can add a second behind it for business or investment use, on a primary home or a rental. Apartments in the city fall under local rent control and tenant protection rules. Those shape how we read the income on a multi-unit property.
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
Culver City Neighborhoods
We lend throughout Culver City and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Culver City: Questions
My Culver City duplex is under rent control. Can I still add a second?
Yes. We review the actual rents and how the city’s rent control rules apply, and the second goes behind your existing first loan.
Do you lend in Culver City?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Culver City, 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 Culver City
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Culver City Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Culver City 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.