Financing for raw, unentitled and entitled land in and around Lakewood, sized against the appraised value of the parcel.
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Land 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.
With the city almost entirely developed in the 1950s, open land in Lakewood is rare. Deals tend to involve a commercial pad, a leftover parcel or a lot along one of the main boulevards, and zoning decides most of the value. We lend up to 50% of the appraised value on a purchase or a refinance, and the appraisal sets the number.
How It Works
Rates, points and fees depend on the parcel and 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
Not much, since the city was built out early. When a parcel does come up, we lend up to 50% of the appraised value, purchase or refinance.
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.
Up to 50% of the appraised value, purchase or refinance. That’s a ceiling, and the appraisal sets the number, so we can’t move forward on a file without one.
More in Lakewood
Tell us about it and we’ll give you a straight answer.
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.