Fix and Flip Loans
Fast, Flexible Capital for Real Estate Investors & Property Flippers
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*Specializing in quick funding for renovation, rehab, and resale projects nationwide.
Service Snapshot: Fix and Flip Loan Programs
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Rehab Loans, Bridge-to-Resale Financing |
| 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) on purchase and rehab costs |
| Target Property Types | Residential (1-4 units), Multifamily (up to 20 units), Mixed-Use for Rehab |
Why Investors Choose Waterman Capital for Fix & Flip Loans
The fix and flip real estate market is fast-paced and demands efficient capital. Quick opportunities require immediate funding, and traditional lenders often can't keep up, causing investors to miss profitable projects.
Waterman Capital offers a strategic advantage for your fix and flip projects:
- Speed & Efficiency: Our streamlined application and underwriting process means you can secure funding quickly, often within 3-10 business days. This speed is critical for acquiring properties and starting your rehab promptly.
- Flexible Terms: We specialize in tailored fix and flip loans that cover both purchase and renovation costs. Our flexible terms are designed for unique investment strategies, including complex rehabs and time-sensitive acquisitions that traditional lenders might hesitate on.
- Investor-Centric Approach: We understand the intricacies of the fix and flip model. Our focus is on the project's potential and your exit strategy, providing capital solutions that align with the rapid turnaround required for successful property flipping.
Frequently Asked Questions About Fix & Flip Loans
What is a fix and flip loan and why is it ideal for real estate investors?
A fix and flip loan is a short-term, asset-based loan designed specifically for investors looking to purchase a property, renovate it, and then resell it for a profit. These loans are ideal because they offer rapid funding and flexible terms, covering both the acquisition and rehabilitation costs, which traditional lenders often don't provide for speculative projects.
How fast can I get funded for a fix and flip project?
We prioritize speed for fix and flip investors. 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 efficiency is crucial for securing competitive deals and quickly moving forward with your renovation plans.
What types of properties qualify for fix and flip loans?
We lend on a wide range of property types suitable for flipping, including single-family homes, multi-unit residential (2-4 units), small apartment buildings, and even some mixed-use properties where a clear rehab and resale strategy is in place. Our focus is on the property's potential After Repair Value (ARV) and the project's profitability.
Do you require an appraisal for fix and flip properties?
To expedite the fix and flip loan process, we often utilize BPOs (Broker's Price Opinions) or conduct our own internal valuations based on recent comparable sales and the proposed renovation plan, rather than solely relying on a full, traditional appraisal. This helps us assess the After Repair Value (ARV) quickly and close faster.
Ready to fund your next fix and flip project?
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