Fix & Flip Loans
Fast, Flexible Capital for Your Real Estate Rehab Projects
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*Specializing in investor-focused financing for residential and commercial rehabs nationwide.
Service Snapshot: Fix & Flip Loan Details
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Bridge Loans (for acquisition), Construction Loans |
| Typical Funding Time | 5-10 Business Days (as fast as 3 for experienced borrowers) |
| Loan-to-Value (LTV) / Loan-to-Cost (LTC) | Up to 75% ARV (After Repair Value) / Up to 90% LTC (Loan-to-Cost) |
| Target Property Types | Residential (1-4 units), Multifamily, Commercial, Mixed-use needing rehab |
| Rehab Fund Management | Draw-based system, released upon project milestones |
Why Choose Waterman Capital for Your Fix & Flip Projects
The fix & flip market demands speed, reliable capital, and a deep understanding of renovation costs and timelines. Traditional banks rarely cater to these needs, making investors miss out on profitable opportunities.
Waterman Capital offers a strategic advantage for your fix & flip ventures:
- Speed to Close: We understand that finding a deal often means acting fast. Our streamlined process allows for quick approvals and funding, often within 3-10 business days, ensuring you secure the property before your competition.
- Flexible Rehab Draws: Our loans are structured to provide funds for both acquisition and renovation. We offer a clear, efficient draw schedule, releasing funds as your project progresses, ensuring you have capital when you need it most.
- Focus on Project Potential: Unlike traditional lenders, we base our lending decisions heavily on the After Repair Value (ARV) and the profitability of your project, rather than solely on your personal credit history.
- Experienced Support: We work with investors of all experience levels, from first-time flippers to seasoned pros. Our team understands the nuances of rehab projects and is committed to your success.
Frequently Asked Questions about Fix & Flip Loans
What exactly is a Fix & Flip loan?
A Fix & Flip loan is a short-term, asset-based loan designed specifically for real estate investors who purchase properties, renovate them, and then sell them quickly for a profit. These loans typically cover both the acquisition cost and the renovation expenses, funded by private lenders like Waterman Capital, rather than traditional banks.
How fast can I get funded for my Fix & Flip project?
Our process is designed for speed. For qualified Fix & Flip projects, we can often fund loans in as little as 3-5 business days, with most loans closing within 7-10 business days. This rapid turnaround is essential for competitive markets where good deals move quickly.
What types of properties do you lend on for Fix & Flip projects?
We lend on a wide range of properties suitable for renovation and resale, including single-family homes, multi-unit residential (2-4 units), apartment buildings, commercial properties (retail, office), and mixed-use properties. Our focus is on the property's potential After Repair Value (ARV) and the viability of your rehab plan.
How are rehab funds disbursed with your Fix & Flip loans?
Rehab funds are typically disbursed through a draw schedule linked to the completion of project milestones. After your loan closes, an initial draw may be available. Subsequent draws are released as you complete agreed-upon stages of your renovation, ensuring you have the capital you need throughout the project while maintaining project oversight.
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