Private construction financing for Alhambra builders and investors, with draws tied to completed work and inspection milestones.
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Construction Loans in Alhambra
Alhambra sits on mostly flat ground at the western edge of the San Gabriel Valley, with the 10 Freeway along its southern side. The older blocks north of Main Street hold Craftsman and Spanish revival homes from the early 1900s through the 1930s, and many single-family lots across the city were later rebuilt as apartments and condominiums.
A lot of Alhambra lots already have a house in front and room in back, so ADUs and rear units make up much of the building activity. Older homes north of Main Street can need foundation or electrical upgrades before an addition is approved, which changes the budget early. Lots zoned for more density sometimes support a small multifamily project on the site of a single house. We work from the city-approved plans and pay out draws after each completed stage is verified.
How It Works
Rates, leverage, points and fees depend on the project and are disclosed in writing before you commit.
Where We Lend
We lend throughout Alhambra and the rest of Los Angeles County, including these areas.
Straight Answers
Sometimes. Older homes can need foundation or electrical work before the city signs off on new construction, and that cost belongs in the budget from day one. We lend against the approved plans.
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Alhambra, rather than handing them to an out-of-state call center.
The loan is released in stages. As each phase of work is completed, it’s inspected, and the next draw is funded. That keeps the money matched to progress on the job.
More in Alhambra
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Alhambra 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.