Financing for raw, unentitled and entitled land in and around Monterey Park, sized against the appraised value of the parcel.
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Land Loans in Monterey Park
Monterey Park sits in rolling hills just east of Los Angeles, between the 10 and 60 Freeways, and is widely known as one of the first suburbs to become a major center of Chinese American life. Older homes on the flatter streets date to the 1920s through the 1940s, while hillside neighborhoods like the Monterey Highlands filled in after the war.
Most vacant land in Monterey Park is hillside, with a few infill lots and commercial parcels on the main corridors. Access, slope and the cost of bringing in utilities have a big effect on what a hillside lot appraises for. We lend up to 50% of the appraised value for purchase or refinance.
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 Monterey Park and the rest of Los Angeles County, including these areas.
Straight Answers
Yes, up to 50% of the appraised value, purchase or refinance. Slope, access and utility costs drive what the lot appraises for.
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Monterey Park, 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 Monterey Park
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Monterey Park 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.