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

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

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

Tap the equity in your Lakewood 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 Lakewood

What to Know About Lakewood

Lakewood is one of the best-known postwar planned suburbs in the country, built at a fast pace in the early 1950s on flat land between Long Beach and the 605 Freeway. Most of the city is small single-story ranch homes on regular lots, with the older Lakewood Village area near Long Beach Airport predating the big tract build-out.

Owners in Lakewood often bought into the original tract houses years ago and have added bedrooms, baths or second stories since, so the house on the lot today can be very different from the 1950s floor plan. If your first mortgage is one you’d hate to lose, a private second can sit behind it. We need a business or investment purpose, and the property can be your residence or a rental. The appraisal reflects the home as it stands now, including permitted additions.

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

Lakewood Neighborhoods

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

Lakewood VillageMayfairneighborhoods near Lakewood CenterCarson Park areaDel Valle Park areaneighborhoods around Bolivar Park

Straight Answers

Cash-Out Second Mortgages in Lakewood: Questions

I added a second story to my Lakewood house. Does that count toward my equity?

Permitted additions show up in the appraisal, so yes. The second sits behind your existing first loan, and it needs a business or investment purpose.

Do you lend in Lakewood?

Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Lakewood, 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 Lakewood

Construction Loans in LakewoodFix and Flip Loans in LakewoodLand Loans in Lakewood

Cash-Out Second Mortgages Elsewhere in Los Angeles County

Santa ClaritaLong BeachGlendaleTorranceBurbankPasadenaWest CovinaDowneyHawthorneCarsonLos AngelesLancasterPalmdalePomonaEl MonteInglewoodNorwalkComptonSanta MonicaWhittierAlhambraBellflowerRedondo BeachArcadiaDiamond BarCulver CityGardenaMonterey ParkGlendora

Have Equity in Your Lakewood Property?

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

Get Started → or call (818) 937-9987

Serving Lakewood 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.