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.
Need a fix a flip loan?
With 40+ years of property finance, development and investing experience in California, we’re ready to help fund your next project!
