We finance both the purchase and the rehab on Lakewood flips, sized on after-repair value, with draws that follow your actual construction schedule.
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Fix and Flip Loans in 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.
Flipping in Lakewood is mostly a comp game, since many houses started from nearly the same few floor plans. That makes the after-repair value easier to support, and it also means buyers compare your finishes directly against the house down the street. Original electrical panels, cast iron drains and single-pane windows are common items in the scope. We fund the purchase and the rehab 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 Lakewood and the rest of Los Angeles County, including these areas.
Straight Answers
Comps are easier to find, but buyers compare finishes house to house. Price your rehab against recent sales of the same floor plan nearby.
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.
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 Lakewood
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Get Started → or call (818) 937-9987Serving 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.