We finance both the purchase and the rehab on Alhambra flips, sized on after-repair value, with draws that follow your actual construction schedule.
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Fix and Flip 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.
The Craftsman and Spanish houses near Emery Park and the Midwick Tract draw buyers who want original character, so pulling out built-ins and old millwork can cost you at resale. Behind the plaster, though, many of these homes still have galvanized supply lines and undersized electrical service. South of the freeway and along Valley Boulevard, condos and postwar houses are simpler interior jobs. Purchase and rehab are financed together on after-repair value.
How It Works
Rates shown are the interest rate range. Points, fees and the final rate depend on the deal 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
Buyers in those blocks often pay for original character, so tearing out built-ins and woodwork can hurt resale. Put the money into plumbing and electrical, which are often due in homes this age.
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.
On the after-repair value of the property, using conservative comps and your rehab budget. One loan covers the purchase and the renovation.
More in Alhambra
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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.