Fix and Flip Financing for California Real Estate Investors

Yes. Fix-and-flip financing from private capital lenders is specifically designed for properties that conventional lenders will not touch due to condition. Properties that have been fire-damaged, gutted, stripped, or otherwise rendered uninhabitable can still be financed when the underlying asset value and after-repair value support the loan structure.

Rehab funds are typically held in reserve at closing and released in stages — called draws — as construction milestones are completed and verified. The investor completes a portion of the work, an inspection confirms progress, and funds for the next phase are released.

Experience is considered but not always disqualifying on its own. The deal structure, the property's equity position, and the clarity of the renovation plan carry significant weight. First-time investors with a strong deal, a licensed contractor, and a clear exit strategy have accessed fix-and-flip financing.

The ARV is the estimated market value of the property after the planned renovation is complete. Lenders use the ARV along with the as-is value and total project cost to determine the maximum loan amount. A higher ARV relative to total cost generally supports stronger loan terms.

Most fix-and-flip loans include provisions for extension if renovation takes longer than the original term. Extensions are typically subject to additional fees, updated appraisals, and continued satisfactory progress. Troy Mire works with investors to structure terms that reflect realistic project timelines.