The Premier Lender for Fix and Flip Loans in California

When you find the perfect property to fix and flip, the last thing you want is to be stuck in a lengthy loan process or be forced to turn to hard money lenders in California. Fast cash to fund a profitable project is vital, which is why Lima One Capital is the ideal private lender for your California fix and flip investments. 

With our specialized loan programs, high-quality service, and extensive expertise in the real estate market, we’re well-equipped to provide you with the best California fix and flip loans, bar none. Get in touch with one of our loan officers today to apply or learn more.  

Why Lima One Capital for Fix and Flip Loans in California?

The right fix and flip loan can make or break a renovation project – and timetables are especially important concerns for investors. Compared to other funding sources, such as hard money lenders, Lima One is the smartest way to acquire California fix and flip loans – and there’s more than one reason why. 

Stable Capital

For starters, Lima One Capital is backed by MFA Financial. This publicly traded investment trust ensures that when you need cash for a fix and flip project, you can get it without wasting time (or giving another investor the chance to snag an excellent property). 

Exceptional Team 

 The Lima One Capital team stands head and shoulders above the competition. Our vertically integrated team of experienced loan officers, market analysts, and other capable professionals are just who you need to support you throughout the loan application and fulfillment process. 

Investor-Based Approval 

Unlike traditional hard money lenders, Lima One’s private money lenders base approvals on things like investment experience, credit score, and liquidity. These factors, more than any others, indicate whether an investment project will be a success, and we can see value and opportunity where others might not. 

Fix and Flip Case Studies from Lima One

The best investment partners have experience and previous projects to back up their assertions. We’re no different. 

In fact, we’ve helped real estate investors across the Golden State with many successful fix and flip projects in major metro areas such as Los Angeles, San Jose, and more. We’ve also provided loans to fix and flip investors in states like Georgia and Florida. Take a look at previous fix and flip case studies to see what you can expect from a partnership with us. 

FixNFlip Case Study
Beverly Hills, Los Angeles, CA

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Relevant Market Insights for California Fix and Flip Loans  

At Lima One Capital, we understand the unique challenges that come with real estate investing in California, whether you‘re in San Diego or anywhere else in the state. That‘s why we offer flexible real estate investment loans to help you achieve your investment goals, no matter how big or small.  

Fixing and flipping houses in California means having a good understanding of this dynamic market. California in particular has several unique market conditions relative to other states throughout the country, thanks in part because of its diverse population, immigration patterns, and state government.  

Major California Metro Areas Are Growing  

California sees hundreds of thousands of immigrants each year – for example, 2022 led to over 475,000 new residents from other states. Many of these immigrants settle in some of the largest cities in metro areas throughout the Golden State, such as San Francisco, Los Angeles, and San Diego. 

These major metro areas are growing rapidly, leading to a boom in their local housing markets. As an example, despite the COVID-19 pandemic, San Diego’s real estate market actually grew throughout 2020, by far the worst year for the disaster. The median home price increased from $580,000 to $665,000 and the average days on market for single-family homes fell from 34 days to 20 days.  

Growing metro areas are prime targets for real estate investors, and there are lots of them throughout California. They’re good places to look for rehab properties or homes in need of repair, which can sometimes be purchased for affordable prices and flipped for a profit. 

The Expensive California Real Estate Market is Slowing Sales 

While there are strong signs for California fix and flippers, it’s also important to note that rising real estate prices may be slowing sales, at least for the short term. 

House flipping overall has become less profitable over the last few years. For instance, the average return on investment for house flipping in 2017 was 51.4%, but that fell to about 26.9% by 2022. More specifically, the California percent change in return on investment has fallen by 27% since 2017. 

There’s likely one big reason for this: home price. As house prices have continued to rise, many lower income and middle income families have found themselves unable to buy properties. Therefore, while there are still plenty of properties to purchase and renovate, there are fewer prospective buyers on the market.  

This trend can be seen from data provided by the California Association of Realtors. According to this source, the median sales price for a California single-family home as of January 2024 is $788,940, representing a 5% increase year-over-year. But the median days on market clock in at 32 days – an increase of 17.9% year-over-year. 

In other words: homes are expensive, so fewer people buy them, and those that do sell take longer to finalize. For investors who need California fix and flip loans, it’s important to recognize the value of getting funding fast to lock down deals before competitors. 

However, Sale Prices and Rates Continue to Increase 

That’s because there’s a bright side to the current California real estate market. Though there are fewer prospective buyers, there are actually more homes being sold throughout California now than in the previous few years. The number of homes sold in just January 2024 totaled 16,258, which is 8.8% higher compared to January 2023. 

Coupled with the high sales prices, it’s clear that there are willing buyers out there. But investors need to be willing to sit on properties for longer before closing deals. Partnering with a lender who can underwrite a fix and flip loan for an appropriate amount of time, therefore, is crucial.  

Apply for California Fix and Flip Loans Today

Flipping houses in California can be highly successful – if you have the right lending partner, that is. Lima One has supported real estate investors like you in renovating and selling houses in California. When you want to flip and sell property in the Golden State, work with us. Contact us today to learn more. 

18301 Von Karman Avenue, Suite 700
Irvine, CA 92612