Fix and flip loans in California, explained.

Mostly, yes. Hard money is the umbrella term for short-term lending secured by the property itself rather than the borrower's income. A fix and flip loan is that same asset-based structure purpose-built for purchase plus rehab: sized against the after-repair value, with the rehab budget released through draws.

No, but it shapes pricing and LTC. A first deal is not a no on its own — it usually means lower LTC, a stronger comp file, and sometimes a GC co-sign. Whether it funds is the lender's call on the scenario.

We can't promise a specific close date until your scenario is qualified and the file is complete. For qualified scenarios with a complete file, ~14 business days is the typical close, the biggest variable is appraisal turnaround in your market.

Yes. Some lenders will lend against the rehab portion only on properties you already own, it's effectively a cash-out rehab loan.

No, purchase funds at close, and the rehab budget releases through draws as stages complete and pass inspection. That's what keeps the lender comfortable financing the work at all.

Common and fine, the exit becomes a refinance into a rental (DSCR) loan instead of a sale. Flag it early so the term and prepay structure fit a refi timeline.

The one whose structure fits the exit, not the lowest headline rate. Leverage against the after-repair value and against cost, how much of the rehab is funded and how fast draws release, a term long enough for the scope plus a listing period, and what an extension costs if the sale runs long. A cheaper rate on a loan that funds less of the rehab or draws slowly can cost more by the time the property sells. NexWin Capital Corp. compares those terms across its lending partners for the specific deal rather than publishing a ranking.

Yes. The fix and flip capital NexWin Capital Corp. arranges comes from private and specialty fix and flip lenders in California rather than banks. NexWin Capital Corp. is a licensed California broker: it places the file with the private lender whose leverage, draw structure and term fit the deal, and the rate and terms come back on that lender's term sheet.

Not as a program. Fix and flip loans here are sized against the after-repair value and against cost, so the loan follows the deal's numbers rather than your cash — but the purchase closes at the price and draws stop at the rehab budget, so a facility that pencils above project cost does not turn into a zero-down close or cash back. Most files carry borrower cash for part of the purchase, closing costs and reserves; the representative deal on this page is structured to leave a meaningful equity cushion, and lenders read that equity as commitment. What you actually need at close is set on the term sheet for the specific deal.