Fix and Flip Loans in California

Team Equidy

June 04, 2024

Property entrepreneurs in California can get a Fix and Flip Loan that is fast and flexible, tailored to suit your redevelopment ambitions.

Fix and Flip Loans at Equidy

Fix & Flip (cosmetic improvements only), purchase and refinance
Residential or Small commercial (No single user properties or commercial at risk for hazardous waste e.g. auto repair or dry cleaners)
California only
Individual, LLC or other Entities
1st time flips O.K.
$50,000 Minimum
Loans up to $1.5m
Holdbacks up to $100K (larger holdbacks fall into Construction Loan Terms)

Loan terms

Starting at 9.99%
Purchase or Refi
1-5 years
Up to 70% LTV (today or ARV w/ holdback)
Up to 100% of rehab
10% min. down payment for purchase
No prepay 3 month payment minimum
No Min FICO
$200 per draw
ACH for monthly payments or $35/ea check processing fee.
Insurances required include Hazard Fire (all properties) and Course of Construction Insurance (Construction loans)

About Fix and Flip Loans in California

Fix and Flip Loans are short-term financing solutions designed for property entrepreneurs who buy, renovate, and sell properties for a profit. These loans provide the capital needed to purchase distressed properties, cover renovation costs, and execute quick turnaround projects.

Key Features of Fix and Flip Loans:

Fast Approval Process: With Equidy’s streamlined application procedures, you can secure financing quickly, enabling you to capitalize on lucrative investment opportunities.
Flexible Terms: Tailored repayment terms and competitive interest rates empower investors to maximize profitability while minimizing financial strain.
Accessibility: Whether you’re a seasoned investor or a first-time flipper, Fix and Flip Loans offer accessible funding options to support your real estate ventures.

How Property Entrepreneurs Use Fix and Flip Loans:

Property Acquisition: Investors use Fix and Flip Loans to purchase distressed properties below market value, leveraging these opportunities to maximize profit margins.
Renovation Financing: With funds from Fix and Flip Loans, entrepreneurs undertake property renovations, enhancing the appeal and value of the asset.
Quick Turnaround: By securing timely financing, investors can execute swift renovations and sell properties at optimal market conditions, maximizing returns on investment.
Portfolio Expansion: Fix and Flip Loans enable property entrepreneurs to scale their investment portfolios rapidly, fostering long-term growth and wealth accumulation.