Fix and Flip Bridge Loan Programs

What type of loan quote are you interested in?

Our Fix and Flip Bridge Loan Program

We offer Fix and Flip bridge loans to qualified investors ranging in size from $50,000 to $10,000,000 and we have the flexibility to tailor our offerings to your needs.

Bridge Loan Program Details

  • Fix to Flip, Fix to Rent, Ground Up Construction Loans
  • Non-Owner Occupant
  • Personal Guarantees from Controlling Principals/Sponsors; Select Non-Recourse
  • First Lien Position
  • Single Family Homes, Condominiums and Multifamily Apartments
  • Loan Amount - $75,000 to $10,000,000
  • Interest Rates - Starting at 8.5%
  • Interest Only Payments
  • Loan Term - 12 to 24 Months, Prepayable
  • Corporate Entity Borrowers (LLCs, corporations, limited partnerships, etc.) or Individuals
  • Loan Advance - Up to 90% of Purchase Costs (Purchase Price + Closing Costs), Up to 100% of Rehab Budget
  • Loan to Value - Up to 75% of After Repaired Value
  • Single or Multiple Draw Loans to Meet Client's Needs
  • Experience Preferred but Not Required
  • Minimum Credit Score - 620
  • Close In As Few As 5 business days

Where We Lend

Where We Lend Map

Watermen currently lends on residential properties in Alabama, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

Watermen is not currently licensed in AZ, ID, MN, ND, NV, OR, SD, UT or VT. Watermen Capital LLC is licensed or exempt from licensing in all other states. Your annual percentage rate may be increased after the fixed-rate period expires. Loans are subject to additional underwriting criteria.

Call Us Today: (949) 785-5150