Fix and Flip Loans
Fast & Flexible Capital for Real Estate Investors
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*Specializing in acquisition and renovation financing for investment properties nationwide.
Service Snapshot: Fix and Flip Loan Program
| Feature | Details for Fix and Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Rehab Loans, Buy & Hold (bridge), New Construction |
| 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 90% LTC (Loan-to-Cost) |
| Target Property Types | Residential (1-4 units), Distressed Properties, Investment Homes |
Why Investors Choose Waterman Capital for Fix and Flip Loans
The fix and flip market demands speed, reliable funding, and a deep understanding of renovation project cycles. Traditional financing often falls short, making investors miss out on profitable opportunities.
Waterman Capital offers a strategic advantage for your fix and flip ventures:
- Speed & Efficiency: Our streamlined application and underwriting process ensures you can acquire properties and begin renovations quickly, often closing deals within 3-10 business days. This is critical for competitive distressed property markets.
- Comprehensive Funding: We provide financing not only for the property acquisition but also for the crucial renovation costs, allowing you to execute your project vision without capital limitations. Our loans are structured around the After Repair Value (ARV).
- Flexible Terms: We specialize in tailored hard money loans that accommodate unique project scopes, from minor cosmetic upgrades to major structural renovations, providing the flexibility traditional lenders can't.
Frequently Asked Questions About Fix and Flip Loans
What are fix and flip loans and why are they ideal for investors?
Fix and flip loans are short-term, asset-based financing solutions designed for real estate investors who purchase distressed properties, renovate them, and sell them for a profit. They are ideal because they offer speed and flexibility, enabling investors to quickly secure properties that traditional lenders might deem too risky or time-sensitive, often covering both acquisition and renovation costs.
How fast can I get funded for my fix and flip project?
We pride ourselves on efficiency, understanding that speed is paramount in the fix and flip market. 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 allows you to secure deals quickly and begin your renovation without delay.
What types of properties qualify for your fix and flip loans?
We lend on a wide range of residential property types suitable for renovation and resale, including single-family homes, multi-unit residential (2-4 units), townhouses, and condos. Our focus is on the property's potential After Repair Value (ARV) and the profitability of your project, rather than just the current condition or your personal credit score.
How is the loan amount determined for a fix and flip property?
The loan amount for a fix and flip project is primarily based on the property's After Repair Value (ARV) and the total project cost (acquisition + renovation). We typically lend up to 75% of the ARV and often include a significant portion of the renovation budget. We utilize Broker's Price Opinions (BPOs) or internal valuations to quickly assess the property's value potential, expediting the underwriting process.
Ready to fund your next successful fix and flip?
Get pre-qualified or apply now for a fast, flexible fix and flip loan.
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