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

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

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

Tap the equity in your Monterey Park 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 Monterey Park

What to Know About Monterey Park

Monterey Park sits in rolling hills just east of Los Angeles, between the 10 and 60 Freeways, and is widely known as one of the first suburbs to become a major center of Chinese American life. Older homes on the flatter streets date to the 1920s through the 1940s, while hillside neighborhoods like the Monterey Highlands filled in after the war.

Monterey Park owners often have hillside homes with views or flatland properties carrying an extra unit, held by the same family for years. A business or investment purpose second lets you use some of that equity without disturbing your first mortgage. It works on a primary residence or a rental. We look at the property as built today, including any permitted second unit.

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

Monterey Park Neighborhoods

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

Monterey HighlandsGarvey Avenue corridorAtlantic Boulevard districtneighborhoods near East Los Angeles CollegeBarnes Park areaGarvey Ranch Park area

Straight Answers

Cash-Out Second Mortgages in Monterey Park: Questions

Can I take a second on my Monterey Highlands home for my business?

Yes. A business-purpose second can go behind the first mortgage on your primary residence, and that first loan isn’t refinanced.

Do you lend in Monterey Park?

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

Construction Loans in Monterey ParkFix and Flip Loans in Monterey ParkLand Loans in Monterey Park

Cash-Out Second Mortgages Elsewhere in Los Angeles County

Santa ClaritaLong BeachGlendaleTorranceBurbankPasadenaWest CovinaDowneyHawthorneCarsonLos AngelesLancasterPalmdalePomonaEl MonteInglewoodNorwalkComptonSanta MonicaWhittierAlhambraLakewoodBellflowerRedondo BeachArcadiaDiamond BarCulver CityGardenaGlendora

Have Equity in Your Monterey Park Property?

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

Get Started → or call (818) 937-9987

Serving Monterey Park 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.