Flipping houses for profit takes capital, and fix-and-flip loans provide the financing real estate investors need. These short-term loans are designed for buying and renovating properties to sell at a higher price point. For California real estate investors, fix-and-flip loans offer quick access to funding so deals don’t fall through waiting for traditional financing. With […]
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Flipping houses for profit takes capital, and fix-and-flip loans provide the financing real estate investors need. These short-term loans are designed for buying and renovating properties to sell at a higher price point.
For California real estate investors, fix-and-flip loans offer quick access to funding so deals don’t fall through waiting for traditional financing. With the ability to tap up to 100% of renovation costs, investors can take on more projects.
Several national online lenders and local California lenders offer fix-and-flip loans with competitive rates. Read on to learn how to find the best fix-and-flip loan for your next California rehab.
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For the most part, getting a fix-and-flip loan in California is similar to getting a loan in other parts of the country. Because the state is massive, you’ll have a fair share of national and local lenders to choose from.
Our editorial team spent hours researching the best national and local lenders. Based on our research, these are the best fix-and-flip loans in the Golden State. Click the lender’s name in the table below to see more details about its California fix-and-flip loan options.
Lender | Starting APR* | Best for |
Kiavi | 9.25% | No appraisals |
Flip Funding | 9.99% | First-time investors |
LendingOne | 7.49% | No interest charges on unspent money |
North Coast | N/A | Fast funding |
Westpark Loans | N/A | Down payment assistance |
California Hard Money | N/A | Same-day prequalification |
All of our top picks for fix-and-flip loans have flexible terms and transparent eligibility requirements. Read on to see which lender might be best for your next California rehab project.
Best for no appraisals
Kiavi is a direct private lender that provides financing for real estate investors, including bridge loans and rental loans for fix-and-flip projects. It advertises fast timelines for loan approvals and funding, with the ability to get loans funded in as little as 10 days in some cases.
Kiavi offers reduced fees and even faster closing times for real estate investors who have exited at least five flips in the past 24 months. It’s worth looking into if you’re an experienced flipper.
Best for first-time investors
Flip Funding is a national lender that provides loans in California and many other states. It’s a solid option for first-time investors because it doesn’t require previous flipping experience.
In addition to flip-and-fix loans, Flip Funding offers bridge loans, rental loans, new construction loans, mixed-use loans, and commercial loans. We like that Flip Funding lists its beginning interest rates and credit score requirements online. This makes it easy to gauge whether you’ll qualify.
Best for no interest charges on unspent money
LendingOne is a private lender that specializes in working with California flippers. Its loan limits go up to $10 million, which is more than other lenders on our list. This maximum makes LendingOne ideal if you’re flipping in a high-cost-of-living area, such as Los Angeles or San Francisco. LendingOne services loans in 45 states.
Best for fast funding
North Coast Financial is an experienced California lender offering fix-and-flip loans up to $3 million with funding in three to five days. Most loans have terms starting at 12 months, but North Coast Financial has terms as short as six months. This makes it an excellent option if you need to close and resell properties quickly.
North Coast lends throughout California, including major metro areas. Experienced flippers can get additional financing for rehab costs.
Best for down payment assistance programs
Based in Irvine, California, Westpark Loans is a local lender offering fix-and-flip loans up to $5 million for single-family and multi-family properties. Terms differ based on the property type. But in general, it lends up to 90% of the purchase price plus 100% of renovation costs, not exceeding 75% of the after-repair value (ARV).
If you lack the cash needed to close a real estate deal, you could qualify for Westpark’s Down Payment Assistance Program. Through this program, Westpark will cover your missing down payment amount in exchange for a 5% share of the ARV. Westpark also accepts credit scores as low as 600, a lower minimum than other lenders on our list.
Best for same-day prequalification
California Hard Money Direct provides fix-and-flip loans for properties in these areas: Los Angeles, Orange County, Riverside, Sacramento, San Bernardino, San Diego, San Francisco Bay Area, San Mateo, Santa Clara Counties, and Ventura.
Fees start at 1.5 points and vary based on the size of your loan. Once your repayment term ends, you’ll pay off the rest of your balance using a balloon payment—meaning you pay the remaining balance all at once.
The right fix-and-flip lender will offer the competitive pricing and quick capital you need for a successful rehab. Use these tips to find the right provider for you:
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