Fix and Flip Loans California
Hard Money Rehab Loans & Fix and Flip Financing for California Real Estate
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Fix and Flip Loans – Hard Money Rehab Loans – Financing a House Flip
North Coast Financial provide fix and flip loans (hard money rehab loans) in California and have over 40 years of experience. Based in San Diego, California, we offer quick approval and funding, competitive rates and professional service. North Coast Financial have proven to be reliable fix and flip lenders and earned many satisfied repeat customers. Contact North Coast Financial now and get your hard money rehab loan funded fast.
Fix and flip loans (also know as hard money rehab loans, investment property rehab loans or house flipping loans) are short-term financing tools that enable a real estate investor to obtain the necessary capital to acquire, improve and resell a property for profit. Fix and flip financing is available from hard money lenders but not available from traditional lenders such as banks. Financing a house flip is a quick and straightforward process for an experienced hard money lender like North Coast Financial.
North Coast Financial are California fix and flip lenders providing fix and flip loans in Los Angeles, San Diego, Orange County, Ventura, San Francisco Bay Area, Sacramento, Riverside, San Bernardino and various other areas in the state of California.
Why Choose North Coast Financial?
Fix and Flip Loans Recently Funded by North Coast Financial
Recent Deal – Los Angeles Condo Fix and Flip Loan
Los Angeles Condo Fix and Flip Loan Financing of $301,000 was provided by North Coast Financial for a hard money fix and flip [...]
Recent Deal – San Marcos Fix and Flip Loan
San Marcos Fix and Flip Loan North Coast Financial provided funding for a fix and flip loan in San Marcos, California (San Diego [...]
Recent Deal – San Marcos Fix and Flip Loan
San Marcos Fix and Flip Loan North Coast Financial funded a fix and flip loan in San Marcos, California (San Diego County). The [...]
Recent Deal – San Jose Multifamily Fix and Flip Loan
San Jose Multifamily Fix and Flip Loan North Coast Financial funded a multifamily fix and flip loan in San Jose, California. The $875,000 [...]
Recent Deal – Canyon Lake Fix and Flip Loan
Canyon Lake Fix and Flip Loan North Coast Financial provided financing for a fix and flip loan in Canyon Lake, California (Riverside County). The loan [...]
Rehab Loans – House Flipping Loans – Investment Property Rehab Loans
There are numerous different names for a fix and flip loan but the purpose of the loan remains the same. Allowing a real estate investor to borrow funds for a short-term of time in order to purchase a property, make repairs and improvements and then sell the property quickly for a profit. When applying for fix and flip financing, the lender may consider the following about the borrower:
Hard money rehab loans are either based on the current value of the property or the after repair value (ARV). Many fix and flip lenders prefer to loan on the current value of the property as this reduces their risk in the event that there are issues with the rehab of the property, the estimated after repair value was incorrect or the real estate market begins to decline during the rehab process.
Loan to Value Ratios for Fix and Flip Loans
Loan to value (LTV) ratios for house flipping loans can vary based on the programs offered by the fix and flip lender and the needs of the borrower. LTV’s generally range between 65-75% of the value of the property as lenders require that the borrower has some skin in the game with a sufficient amount of equity invested in the project.
Many novice real estate investors attempting to obtain fix and fix funding for an investment property often request 100% financing for a project. They incorrectly assume this kind of financing is available usually because of misinformation from real estate gurus hoping to sell expensive education programs. Hard money lenders do not want to fund requests for 100% financing as this would put all of the risk on the lender. When financing a house flip, hard money lenders require the borrower to have their own equity invested in the project.
Contact North Coast Financial now and get your fix and flip loan funded fast.
North Coast Financial Fix and Flip Loan Programs
|Loan Application Approval Timeline||Same day approval available|
|Time to Fund Loan||As few as 3-5 days if needed|
|Property Types||Single family, multi-family, commercial, industrial|
|Loan Amounts||$30,000 – $3 Million+|
|Loan Terms||6 to 12 months with longer terms available|
|Lien Position||1sts & 2nds|
|Loan to Value (LTV)||Up to 75% of purchase price|
|Fees||No appraisal fees (in most situations) and no hidden junk fees|
|Fix and Flip Interest Rates and Points||Please contact us now for information on current rates and points|
|Real estate investors with experience on at least 3 successful fix and flip projects may qualify for financing up to 75% LTV of the purchase price of the property as well as financing for a portion of the rehab costs. Contact North Coast Financial now for additional information on this program.|