Fix and Flip Loans
Rapid Funding for Your Real Estate Renovation Projects
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*Serving real estate investors nationwide with speed and flexibility.
Service Snapshot: Fix & Flip Loan Details
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Rehab Loans, Value-Add Financing, BRRRR Strategy |
| Typical Funding Time | 5-10 Business Days (as fast as 3 for qualified projects) |
| Loan-to-Value (LTV) | Up to 75% ARV (After Repair Value), including Rehab Costs |
| Target Property Types | Residential (1-4 units), Single-Family Homes, Townhouses, Condos needing rehab |
Why Investors Choose Waterman Capital for Fix & Flip Loans
The fix and flip market demands quick decisions and even quicker capital. Traditional lenders often can't keep pace with the speed required to seize profitable opportunities, especially when properties need significant renovation.
Waterman Capital offers a strategic advantage:
- Speed & Efficiency: Our streamlined application and underwriting process ensures you can close deals rapidly, often within 3-10 business days. This is crucial for securing competitive properties and staying on your project timeline.
- Flexible Terms: We specialize in tailored fix & flip loans that cover not only the purchase price but also a significant portion of the renovation costs. We understand rehab budgets and offer flexible interest-only payments during your project's duration.
- Focus on ARV: Our lending decisions are based on the After Repair Value (ARV) of your property, allowing you to leverage the future potential of your investment rather than just its current state.
Frequently Asked Questions About Fix & Flip Loans
What are Fix & Flip Loans and how do they work?
Fix & Flip Loans are short-term, asset-based loans designed specifically for real estate investors who purchase properties, renovate them, and then sell them for a profit. They are typically funded by private lenders like Waterman Capital and are ideal because they can cover both the property's acquisition and its renovation costs, focusing on the property's After Repair Value (ARV).
How quickly can I get funded for my fix & flip project?
We understand that timing is critical in fix & flip. For qualified projects, we can often fund loans in as little as 3-5 business days, with most loans closing within 7-10 business days. This speed allows investors to capitalize on hot deals and keep their project timelines on track.
What types of properties qualify for Fix & Flip Loans?
Our fix & flip loans are primarily for residential properties, including single-family homes, duplexes, triplexes, and quadplexes (1-4 units) that require rehabilitation or renovation. We focus on properties with clear potential for increased value through strategic improvements.
Do you require an appraisal for fix & flip properties?
To expedite the lending process for fix & flip projects, we often utilize Broker's Price Opinions (BPOs) or conduct our own internal valuations. These methods help us quickly determine the property's current value and its projected After Repair Value (ARV), allowing for faster closings than a traditional, time-consuming appraisal process.
Ready to secure your next Fix & Flip project?
Get pre-qualified or apply now for a fast and flexible fix & flip loan.
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