California is one of the most active flip markets in the country, and G Elite Capital funds house flippers from Los Angeles, San Diego, San Jose to rural rehab plays. Our California fix and flip loan covers up to 90% of purchase and 100% of rehab, with interest-only payments and no prepayment penalty — so you can maximize leverage on every deal and roll capital into the next flip faster.
Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, and every other California market.
On a typical California flip, expect to bring 10–15% of purchase price plus closing costs. On a $300K purchase, that's roughly $30K–$45K down + ~$8K closing — we fund the rest, including 100% of rehab.
Yes. First-time flippers in California qualify with 650+ credit, 6 months of reserves, and a licensed general contractor on the scope. We may cap leverage slightly until deal #2.
We order a lender BPO or appraisal from a California-licensed appraiser. ARV is based on 3–6 comparable sales within ~1 mile in the last 90 days. Our max loan is 75% of that ARV.
Our fastest California closes have been under 7 business days. Have your entity docs, insurance, and rehab scope ready and we can typically fund in that window.