CIMA, CA Fix & Flip Loans
Fast & Flexible Capital for Real Estate Investors in California
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*Serving all California markets including Los Angeles, San Diego, Sacramento, and the Inland Empire.
Service Snapshot: Fix & Flip Loan Program
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Acquisition & Renovation, Fix & Hold, Bridge-to-Perm |
| 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) / Up to 85% LTC (Loan-to-Cost) |
| Target Property Types | Residential (1-4 units), Light Commercial, Multifamily (small-scale) |
Why Fix & Flip Investors Choose Waterman Capital
The fix and flip market demands speed, reliable capital, and a deep understanding of renovation projects. Traditional financing often falls short, with lengthy approvals and strict requirements that can cause investors to miss profitable opportunities.
Waterman Capital offers a strategic advantage for your fix & flip projects:
- Speed & Efficiency: Our streamlined application and underwriting process ensures you can secure funding quickly, often within 3-10 business days. This allows you to acquire properties rapidly and begin your renovation without delay.
- Flexible Terms: We specialize in tailored fix & flip loans, funding not just the acquisition but also a significant portion of your renovation budget. This flexibility is crucial for maximizing your project's potential.
- Rehab Expertise: We understand the complexities of property renovation. Our team evaluates projects based on their After Repair Value (ARV) potential, providing capital solutions even for properties that require extensive work.
Frequently Asked Questions About Fix & Flip Loans
What is a Fix & Flip loan and how does it work?
A Fix & Flip loan is a short-term, asset-based loan designed specifically for real estate investors purchasing properties with the intent to renovate and resell them quickly for a profit. We provide capital for both the property acquisition and a portion of the renovation costs, with the loan typically repaid from the sale proceeds of the improved property.
How quickly can I get funded for a Fix & Flip project?
Waterman Capital specializes in rapid funding. 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. Our efficient process is designed to help you secure deals and start renovations without unnecessary delays.
What types of properties qualify for Fix & Flip loans?
We lend on a wide range of property types suitable for renovation and resale, including single-family homes, duplexes, triplexes, quadruplexes, and select light commercial properties. Our focus is on the property's potential After Repair Value (ARV) and the profitability of your renovation plan.
How is the loan amount determined for Fix & Flip projects?
For Fix & Flip loans, the loan amount is primarily determined by the property's After Repair Value (ARV) and your total project costs (acquisition plus renovation budget). We typically fund up to 75% of the ARV and a significant portion (e.g., 85-90%) of the total Loan-to-Cost (LTC), ensuring you have sufficient capital for the project.
Ready to fund your next successful Fix & Flip project?
Get pre-qualified or apply now for a fast and flexible Fix & Flip loan.
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