Fix and Flip Loans California: Rehab and Bridge Loans for Investors
Fix and flip loans in California give investors short-term financing to buy a property, renovate it and sell or refinance it. Ted Erickson brokers fix and flip, rehab and bridge loans for non-owner-occupied investment property across Marin, Sonoma and California, comparing many lenders so you can move fast on a deal.
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NMLS #223442
24 Years Closing Loans
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Fix and Flip and Bridge Loans at a Glance
How each loan works and what lenders look at before they fund.
| Item | Fix and flip loan | Bridge loan |
|---|---|---|
| Purpose | Buy, renovate, then sell or refinance | Close before another property sells, or before long-term financing is ready |
| Length | Short term, sized to the renovation and sale | Short term, until the sale or refinance |
| Renovation money | Often part of the rehab budget, released in draws as the work gets done | Not usually; it covers a gap in timing |
| What lenders weigh | The property, your plan, the after-repair value, your cash in the deal and your experience | The property, your equity and your exit plan |
| Property | Non-owner-occupied investment property | Non-owner-occupied investment property |
| Common exit | Sale, or a refinance into a DSCR rental loan | Sale of the other property, or a long-term refinance |
What is the 70% rule in flipping houses?
The 70% rule is an investor rule of thumb: pay no more than 70% of a property’s after-repair value, minus the cost of repairs. It’s a quick filter for whether a flip leaves room for profit, not a lender requirement. In tight Marin and Sonoma markets many deals land above it, so lenders look hard at your budget and resale plan.
These are business-purpose loans for non-owner-occupied investment property.
How Fix-and-Flip Loans Work
- Short term. Built for the time it takes to renovate and sell or refinance, not a long-term mortgage.
- Purchase plus rehab. Many programs can fund part of the purchase and part of the renovation budget.
- Draws. Renovation money is usually released in stages as the work gets done.
- Based on the deal. Lenders look closely at the property, the plan and its after-repair value.
Bridge Loans
Need to close before another property sells, or before long-term financing is ready? A bridge loan covers the gap. Ted can line up a bridge loan and the long-term refinance that follows it, including a DSCR loan once the property is rented. Buying your own next home before you sell? See bridge loans to buy a house before you sell.
Ted shops every fix and flip and bridge loan the same way: first he finds the lenders whose guidelines fit your deal and your experience, then he compares their pricing and terms side by side to find the strongest offer.
Tell Ted What Happened
Got turned down, stuck in underwriting, or have a deal that doesn’t fit the box? Call or text Ted directly, or start your application online.
Theodore Emery Erickson · NMLS #223442 · (415) 717-0477
Barrett Financial Group, L.L.C. · NMLS #181106 · NMLS Consumer Access
Branch: 3207 Grey Hawk Court, Suite 110, Carlsbad, CA 92010
CA 60DBO-46052 and 41DBO-148702. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Equal Housing Opportunity. Equal Housing Lender. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and property eligibility.
Fix and Flip Loan Questions
Straight answers to what California investors ask about fix and flip and bridge loans.
Call or text (415) 717-0477