Lendia Mortgage — Specialty Loans
Fix and Flip Loans in California
Fix and flip loans are short-term financing solutions designed for California real estate investors who acquire properties in need of renovation and resell them for a profit. Unlike conventional mortgages, fix and flip loans are underwritten based on the after-repair value (ARV) of the property — allowing investors to finance both the acquisition and the renovation costs in a single loan. At Lendia, we work with California investors at every experience level to secure the fix and flip financing that matches their project timeline and exit strategy.
Fix and Flip Loans At a Glance
| Feature | Details |
|---|---|
| Loan Basis | After-repair value (ARV) of the property |
| Max Loan-to-ARV | Up to 70%–75% of ARV |
| Max Loan-to-Cost | Up to 85%–90% of total project cost |
| Rehab Funds | Disbursed in draws as work is completed |
| Loan Term | 6–18 months (short-term) |
| Typical Rate Range | 9%–12%+ depending on experience and LTV |
| Points | 1.5–3 points typical |
| Experience Required | Varies — first-timers may qualify with lower LTV |
| Eligible Properties | SFR, 2–4 unit, condos (non-warrantable OK) |
| Eligible States | California |
Fix and Flip Loans — Full Q&A Library
- What Is a Fix and Flip Loan?
- How Is a Fix and Flip Loan Structured?
- How Is the Loan Amount Calculated — Purchase Price vs. ARV?
- What Is ARV and Why Does It Matter?
- What Experience Level Is Required to Qualify?
- How Are Rehab Funds Disbursed?
- What Is a Typical Loan Term for Fix and Flip Financing?
- What Credit Score Is Required?
- What Are Typical Rates and Points for Fix and Flip Loans?
- Can I Use Fix and Flip Financing for New Construction?
- Can I Flip Multiple Properties at Once?
- What Happens If the Project Runs Over Budget or Over Timeline?
- How Do I Qualify for a Fix and Flip Loan as a First-Time Investor?
- What's the Difference Between Fix and Flip and Fix and Rent?