Fast, Flexible Fix and Flip Loans for Real Estate Investors Nationwide
Watermen Capital is a national fix and flip lender built for real estate investors. Our originators, underwriters and closers have deep experience in both distressed investing and private real estate lending, so we understand your business plan and know how to get your deal funded.
Whether it's a quick cosmetic refresh or a full gut rehab, you need a lender that can close on your timeline and fund rehab draws without slowing your crew down. That's what we do. And when a flip turns into a keeper, our long-term rental loans let you refinance and hold.
Get Your Fix and Flip Quote
Fix and Flip Loan Snapshot
- Property Types: Single-Family Homes, Condominiums, 2-4 Unit and Multifamily Apartments
- Loan Amount: $75,000 to $10,000,000 per property
- Interest Rates: Starting at 8.5%
- Payments: Interest Only
- Loan Term: 12 to 24 Months, Prepayable
- Loan Advance: Up to 90% of Purchase Costs, Up to 100% of Rehab Budget
- Typical Funding Time: 5-10 Business Days (as fast as 3 for qualified projects)
Why Investors Choose Watermen Capital
In a competitive market, the investor with certain, fast capital wins the deal. Banks aren't built for distressed properties or tight closing windows. We are.
- Speed & Certainty: A streamlined application and in-house underwriting mean you can make strong offers and close on schedule.
- Purchase + Rehab in One Loan: We finance both the acquisition and the renovation budget, so your cash stays free for the next deal.
- Fast Draw Funding: Rehab draws are inspected and released quickly, keeping your project on budget and your contractors on site.
- Asset-Based Underwriting: We focus on the property and the plan, not just your tax returns.
- Flip-to-Rent Options: If you decide to hold, our long-term rental loans give you a clear path from rehab to refinance.
How Our Fix and Flip Loans Work
1. Apply: Send us the property address, purchase price, rehab budget and your exit plan.
2. Get Terms: We review the deal and issue a term sheet, typically within a day or two.
3. Close: We value the property, finalize underwriting and fund your purchase.
4. Renovate: Request draws as work is completed; we inspect and release funds quickly.
5. Exit: Sell the property, or refinance into a long-term rental loan and hold.
Fix and Flip Loan FAQs
What is a fix and flip loan?
A fix and flip loan is a short-term, asset-based loan used to buy and renovate an investment property for resale. Unlike a conventional mortgage, it's designed around the property's value and your rehab plan, and it can close far faster than a bank loan.
Does the loan cover renovation costs?
Yes. We can finance up to 90% of purchase costs and up to 100% of your rehab budget. Rehab funds are released through a draw schedule as work is completed.
How fast can you fund?
Most loans close within 5-10 business days, and qualified projects can fund in as little as 3. Having your purchase contract, rehab budget and entity documents ready is the best way to speed things up.
Do I need experience to qualify?
Experience helps, but it isn't the only factor. We look at the deal, the property and your plan. First-time investors with a solid project and a realistic budget are encouraged to apply.
Where do you lend?
We fund fix and flip loans throughout the United States. Find your state in the list below for local details.
Ready to fund your next flip?
Get pre-qualified or apply now for a fast fix and flip loan built around your project.
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