Bridge, Flip & Construction
Loans in California

Passy Capital finances investors who buy, renovate and build residential investment property: single-family houses, 2-4 unit buildings, condos and townhomes, and small apartment buildings up to 9 units. Bridge, fix & flip and ground-up construction loans come first, then renovation, with DSCR as the hold. Loans run from $1M to $5M, with a term sheet in 24 to 48 hours and closing in about two weeks on a clean file.

California prices place many residential investor deals inside that range, from renovations of older houses and small multi-unit buildings to ground-up spec homes. In Los Angeles in particular, investors renovate and resell existing houses and build new single-family product for sale. Bridge loans go up to 80% LTV, fix & flip and renovation up to 90% of cost, construction up to 85% of cost, and DSCR up to 80% LTV.

Investors based outside the United States borrow on the same terms, through a US LLC, with no US credit history required. All lending is business-purpose, on non-owner-occupied property, and the fee is 1-2% of the loan, paid at closing, with no upfront fees.