Fix and Flip Loans in Santa Monica
Purchase + Rehab Financing for Investors.
We finance both the purchase and the rehab on Santa Monica flips, sized on after-repair value, with draws that follow your actual construction schedule.
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Fix and Flip Loans in Santa Monica
What to Know About Santa Monica
Santa Monica is a small, almost entirely built-out beach city, with large single-family homes north of Montana, older cottages and bungalows in Ocean Park and Sunset Park, and a large stock of rent-controlled apartments. Much of the city near the water falls within the California coastal zone.
Flipping in Santa Monica usually means buying an older cottage or 1950s house on a valuable lot and either renovating heavily or rebuilding. Rent-controlled tenants in multi-unit properties can limit the strategy considerably, so occupancy needs to be clear before purchase. The city also charges a higher transfer tax on more expensive sales, which affects resale net. We size the loan on after-repair value.
How It Works
Fix & Flip Loan Terms
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
Santa Monica Neighborhoods
We lend throughout Santa Monica and the rest of Los Angeles County, including these areas.
Straight Answers
Fix and Flip Loans in Santa Monica: Questions
Can I flip a Santa Monica duplex with tenants in place?
Rent control can limit what you can do with occupied units. Know the tenancy situation before you buy, because it shapes the whole plan.
Do you lend in Santa Monica?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Santa Monica, rather than routing them through an out-of-state call center.
How is the loan sized?
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 Santa Monica
Fix and Flip Loans Elsewhere in Los Angeles County
Have a Flip Lined Up in Santa Monica?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Santa Monica 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.