Financing for raw, unentitled and entitled land in and around Norwalk, sized against the appraised value of the parcel.
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Land Loans in Norwalk
Norwalk grew quickly in the postwar boom, and most of its homes are single-story tracts from the 1950s on flat land in southeast Los Angeles County. The city is home to Cerritos College and the county’s registrar-recorder offices, and the Metro C Line ends here at the 105 Freeway.
Norwalk is close to fully built out, so land loans here usually involve infill lots, lots created by a split or commercial parcels along major streets. Zoning and buildable area set the value. We lend up to 50% of the appraised value, 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 Norwalk and the rest of Los Angeles County, including these areas.
Straight Answers
Yes, up to 50% of the appraised value, purchase or refinance, once the lot is legally created and appraised.
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Norwalk, rather than routing them through 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 Norwalk
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Norwalk 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.