A Private Cash-Out 2nd Mortgage,
Built Around Your Long Beach Property.
A private cash-out 2nd mortgage lets Long Beach property owners tap their equity for a business or investment purpose, without refinancing an existing first mortgage, subject to our underwriting. Headquartered in Glendale, we underwrite Los Angeles County deals directly.
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How It Works
Equity-Based, Not Credit-Score-Gated
Who It’s For
Homeowners and Investors
Plenty of private lenders won’t touch a primary residence. We lend on the home you live in when the loan has a business purpose, and on investment property too.
The Long Beach Market
A Port City With Two Very Different Housing Stocks
Long Beach runs from early-20th-century craftsman and bungalow blocks near Downtown and the Port, to newer coastal development around Belmont Shore and Naples Island. Port-adjacent industrial and multi-unit zoning sits close to some of those older neighborhoods, which is exactly the kind of mix that trips up a lender working from a single citywide average.
Because we’re headquartered in Glendale and underwrite Los Angeles County deals directly, including Long Beach, we look at the actual property and its comps, not a regional number. That’s what lets a private cash-out 2nd move faster than a conventional refinance in a market built from this many distinct pockets.
Straight Answers
Questions Long Beach Homeowners Ask
Do you actually work in Long Beach, or is this a national call center?
We’re headquartered in Glendale, inside Los Angeles County. We underwrite Long Beach deals directly and know the market — the difference between a Naples Island waterfront property and a Downtown Long Beach multi-unit building, for instance, matters to how a file gets structured. When our own capital isn’t the right fit, we place the file with a partner lender in our network.
Does Long Beach’s mix of older and coastal housing affect my equity position?
It can. Appraisers weigh the age and condition of older housing stock near Downtown and the Port differently from newer coastal construction near Belmont Shore or Naples. We look at your specific property and its actual condition and comps, not a citywide average.
What’s the catch?
There isn’t one, but there is a constraint worth being clear about: MDI makes business-purpose loans only. Proceeds have to be used for a business or investment purpose, not personal or household expenses, and a signed business-purpose statement is required at closing. If you need money for personal use, we’re not the right lender.
Do you check credit?
Yes. Credit history is one factor alongside your equity position, the property’s condition, and the exit strategy. Equity carries more weight here than at a bank, but any lender telling you credit is irrelevant is not being straight with you.
What are your rates and fees?
They vary by product and situation, and they’re disclosed in writing before any commitment. Private money costs more than a bank loan. That’s the trade for speed and flexibility. We’ll show you the real numbers before you decide anything.
What if I don’t qualify?
We’ll tell you quickly, and where we can we’ll point you toward what would actually help. If you’re facing foreclosure, free counseling is available from a HUD-approved housing counselor at hud.gov/findacounselor or (888) 995-HOPE.
The Process
What Happens Next
Have Equity in Your Long Beach Property?
No cost to apply. We’ll show you the real numbers.
Start the Conversation → or call (818) 937-9987Locations: Los Angeles County, California
Michael Daniel Investments, Inc.
417 Arden Ave, Suite 121A, Glendale, CA 91203
California Department of Real Estate DRE# 02037255 and NMLS# 233991.