Fix & Flip Loans for California Investors

What is a Fix & Flip Loan?

A fix and flip loan refers to temporary funding employed by real estate investors for the purpose of acquiring and renovating a property with the intent of reselling it for a profitable return. This financing option facilitates the process commonly known as house flipping, where investors strategically enhance the property’s value through renovations before placing it back on the market.

PC Mortgages ARV Loan Program presents a comprehensive financing solution, encompassing various aspects of property acquisition and renovation. Through this program, borrowers can secure funding of up to 85% of the purchase price, in addition to 100% of the renovation costs. It’s important to note that the loan amount is subject to a maximum limit of 70% of the property’s anticipated value after undergoing repairs, commonly referred to as the after-repair value (ARV). This financing structure provides investors with the necessary capital to cover both the acquisition and renovation expenses, ensuring a streamlined process for maximizing the property’s potential and potential return on investment.

Pricing Quote Form

Loan Terms

Single-Family

Loan Term:

12-18 Months

(Extended Terms Available)

Min Loan Amount:

$50k

Min Property Value:

$50k

Max Loan Amount:

$7.5M

LTV:

Purchase: Up to 85% of the Purchase Price + 100% of Renovation Costs

Refinance: Up to 70% of the As-Is Value + 100% of the Renovation Costs

Cash Out: Up to 60% of the As-Is-Value + 100% of the Renovation Costs

Minimum FICO

620

Property Types

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes

Multi-Family

Loan Term:

12-18 Months

(Extended Terms Available)

Min Loan Amount:

$250k

Min Property Value:

$35k per Door

Max Loan Amount:

$10M

LTV:

Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs

Refinance: Up to 70% of the As-Is-Value + 100% of Renovation Costs

Cash Out: Up to 65% of the As-Is-Value + 100% of Renovation Costs

Minimum FICO

620

Property Types

Non-Owner Occupied Multi-Family Real Estate; 5+ Unit Apartments; Mixed-Use Properties

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.