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California Fix and Flip Loans

That Accelerate Your Success

Our Lending Guidelines

Interest Rates:Starting @ 9.75% (interest only)
Closing Time:5 to 7 Days
Location:Anywhere in California
Loan-To-Value :Up to 75% LTV
Amounts:$200K to $5M
Origination Fee:2 to 3 points, dependant on size and term
Lien Positions:First Trust & Second Trust Deeds
Underwriting Fee:$1500
Loan Term:6 to 60 months (extensions available)

Property Types

  • Single-family & Multi-family Investment Properties
  • Condominiums
  • Retail Centers
  • Office Buildings
  • Industrial & Warehouse
  • Hotels & Motels
  • Healthcare & Assisted Living Facilities
  • Special Purpose & Mixed Use
  • Parking Garages & Lots

Reputable California Fix and Flip Lenders

Construction Worker, Working on Fix and Flip

Crescent Lenders has been providing fix and flip loans for commercial and residential real estate investors for over 10 years.

As direct private money lenders, we have cash ready to deploy so borrowers can capitalize on hot deals.

Funding can be completed in 5 to 7 days time.

Crescent Lenders stands out from the competition with our attentive customer service team, competitive rates and low fees.

Come see why the vast majority of our borrowers are repeat customers.

Get Pre-Approved Now

Construction Workers Adding New Siding to A Home

Don’t hesitate to jump on a phone call with us to see if we can fund your real estate project.

As part of our superior customer service we try to answer every call and respond to every email, showing respect to every potential customer.

Oftentimes, borrowers are pre-approved after a 5 to 10 minute call.

Once terms are finalized, you can expect to have the cash immediately.

The entire process can be completed in less than a week.

What is a Fix and Flip Loan?

A Man Cutting a Piece of Wood

Fix and flip loans, also known as rehab loans or house flipping loans, are short-term loans used for the process of buying, renovating and selling a property it for profit.

  • Buying: Borrowers can usually find deeply discounted properties from foreclosure auctions, REO (aka bank-owned homes at auction) or government-owned properties.
  • Renovating: Rehabbing a property can range from making some minor upgrades like painting the home and switching out kitchen cabinets to a complete home remodel which may include new floor tiles, adding bathrooms or additional bedrooms.
  • Selling: The average fix and flip in America takes investors 6 months to complete and comes with an average return of approximately 35%.

Distressed properties usually do not meet a big banks lending checklist, therefore real estate investors use hard money loans because of the relaxed lending criteria.

Check out what other fix and flippers said about us below.

What Our Borrowers Say

Top-Rated Provider

I’m a commercial real estate broker and do some fix n flipping on the side here in SoCal. I’ve used a few different HMLs in the past but have created a good relationship with these guys and have repeatedly used them and will continue to do so going forward.

- Justin R.
*As of May 15th, 2023

Why Get a Fix and Flip Loan?

For the past decade, flipping homes has been a hot business.

For some, this business is a side hustle to provide supplemental income, for others it is a full time job.

Fix and flip real estate investors need quick access to cash to capitalize on hot deals in the marketplace.

Traditional bank loans are inefficient and inadequate for the speed your business requires and thrives on.

Fix and flip loans allow a borrower to leverage themselves to afford more expensive properties they otherwise would not have access to.

A bid on a property accompanied by a fix and flip loan is considered as good as an all cash offer by most sellers, making it a very strong offer that can edge out competitors who need a traditional bank loan that can take 30 days or more to fund.

Not only do traditional 20 to 30 year long-term bank loans take a long time to fund but they also come with large pre-payment penalties for paying back the loan too early.

Therefore, a real estate investor looking to perform a fix and flip should highly consider getting a hard money loan as it is usually the best available financing option.

What Fix and Flip Lenders Look for

To pass a hard money lenders application process, fix and flip investors need to show an ability to repay the hard money loan, have some skin in the game, have cash reserves to make monthly mortgage payments and provide a successful track record of completed fix and flips.

  • Repayment of Hard Money Loan: Preservation of capital is a bridge lender's primary concern. They want to be sure a borrower will be able to pay back the loan in full without any issues such as foreclosure or a borrower filing for bankruptcy. Foreclosing on a property is time consuming and costly for a lender, and it’s something they want to avoid.
  • Cash Reserves: Borrowers should have enough cash reserves for carrying costs such as insurance, utility bills, and for monthly debt service.
  • Skin in the Game: Most private money lenders will require borrowers to have a minimum of 25% down payment in the property. This protects the lender in the event of a down turn in property prices.
  • Experience: Most lenders will want to see a borrower has successfully completed 2 to 3 fix and flips over the past 24 months. Usually borrowers with experience are less likely to make mistakes; making them a safer bet to invest in. A borrower with numerous successful fix and flip transactions could be eligible for lower interest rates, depending on the lender.

As a premier fix and flip lender, we want to see you succeed and are laser focused on getting your funding approved, empowering you to prioritize what you do best; finding, fixing and flipping properties.

Fix and Flip Loans FAQ

What Is a Fix and Flip Loan?

Real estate investors use these short term loans to fix up run down properties and eventually sell them for a profit.

These loans are also often referred to as bridge loans, hard money loans or private money loans.

How Do Fix and Flip Loans Work?

Hard money lenders evaluate each deal independently and use a criteria based upon the following factors:

  • loan to value ratio (LTV)
  • FICO score
  • experience in the industry
How Are Fix and Flip Loans Different From Standard Bank Loans?

Fix and Flip Loans:

  • are for shorter durations, 12 to 60 months
  • have fixed rates
  • interest only
  • can qualify in 5 to 7 days
  • less paperwork and qualifications
  • more focus on the asset

Bank Loans:

  • longer durations, 20 to 30 years
  • variable or fixed rates
  • usually amortized
  • longer time to qualify, generally more than 30 days
  • much more paperwork and qualifications
  • focused on the borrower and the asset
Aren’t Fix and Flip Loans Expensive?

These short duration loans (12 to 60 months) are more expensive than traditional bank loans, however there are many appealing advantages for fix and flip investors:

  • there is considerably less red tape
  • hard money lenders can deliver funding in much shorter time frame
  • you don't have to pay huge pre-payment penalties if you close out the loan early
  • a private money loan can stand out as a positive to sellers as it's often considered the same as an all-cash offer

While fix and flip loans are more expensive, they provide tremendous upside to a fix and flip investor who needs to capitalize and close deals in hot market place or create leverage between flips.

What Is the Cost of a Fix and Flip Loan?
  • Crescent Lenders' interest rates start at 9.75%
  • our origination fee is 1 to 4 points of the original loan amount
  • our underwriting fee is $1500
  • appraisal fee may also be required
What Is the Approval Process?

The approval process involves:

  • a brief phone call, to collect general background information regarding your financing needs and history
  • after this pre-approval phone call your information will be verified through our underwriting process
  • once verified we will send you a term sheet and if you accept, you will receive the funds in your account
How Much Can I Borrow From Crescent Lenders?

Our loans start at $200K and go up to $5 million dollars.

I Need Funds Right Away, Can I Really Get a Fix and Flip Loan in a Matter of Days?

Yes, absolutely.

Hard money lenders have less bureaucracy and requirements than big banks.

They mostly care about the value of the collateral being used to secure the loan.

It's not unheard of for borrowers to get funding in less than a week.

What Is the 70% Rule in House Flipping?

This rule states you should purchase the property for more than 70% of the after repair value (ARV).

How Much Does the Average House Flipper Make?

This is dependent upon numerous factors:

  • what city you flip properties in
  • the number of properties you are able to flip in a given year
  • your experience (the fewer mistakes and the better you know the market will dramatically increase your margins)

It's common for seasoned investors to have profit margins of 15% to 35%.

However, like any business, you can also lose money.

How Much Money Should You Have to Start Flipping Houses?

Investors can start with anywhere between $10,000 and $20,000 dollars if they want to magnify returns they can use a hard money lender.

How Do You Get Into the Fix and Flip Business?

It's advisable to work with a seasoned professional to start out. This will give you the confidence, contacts and knowledge to successfully flip on your own.

We Can Deliver Rapid Financing
Between $200k and $5 million dollars
Nationwide private lender (not a broker, avoid the extra fees)
Funding loans such as purchase, refinance, rehab, probate, 1031 exchanges, cash-out
All types of investment properties considered, residential, commercial and industrial
Crescent Lenders

Suite #116, 999 Overland Ave

Los Angeles, California


Disclaimer: Crescent Lenders, DBA CrescentLenders.com ("CL") is a California licensed broker under California Bureau of Real Estate License No. #01792267. Regardless of this license, CL considers itself a “finder” for purposes of applicable laws and regulations (California Business & Professions Code § 10130, et. seq.).