Fix and Flip Loans
Fast & Reliable Capital for Your Next Renovation Project
Get Your Fix & Flip Loan Quote
*Specializing in financing for single-family, multi-unit, and distressed properties nationwide.
Service Snapshot: Fix & Flip Loan Details
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Rehab Loans, Bridge-to-Permanent for Renovations |
| 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), often 100% of rehab costs |
| Target Property Types | Residential (1-4 units), Distressed Properties, Townhomes, Condos needing rehab |
Why Investors Choose Waterman Capital for Fix & Flip Loans
The fix and flip market demands speed, precise underwriting, and capital that understands renovation timelines and budgets. Traditional lenders often fall short, making investors miss out on high-potential properties.
Waterman Capital offers a strategic advantage:
- Speed & Efficiency: Our streamlined application and underwriting process ensures you can acquire distressed properties and start renovations quickly, often closing deals within 3-10 business days.
- Flexible Terms: We specialize in tailored fix & flip loans that cover not just the purchase price, but also a significant portion, often 100%, of your rehabilitation costs, based on the After Repair Value (ARV).
- Expertise in Renovation Financing: With extensive experience in fix & flip projects, we understand construction draws, value-add strategies, and how to structure loans that maximize your project's profitability.
Frequently Asked Questions about Fix & Flip Loans
What is a fix & flip loan and why is it ideal for property renovations?
Fix & flip loans are short-term, asset-based loans designed specifically for real estate investors who purchase properties, renovate them, and then sell them for a profit. They are ideal because they offer rapid funding, flexible terms, and often cover both the acquisition and rehabilitation costs, allowing investors to move quickly on undervalued properties.
How fast can I get funded for my fix & flip project?
We prioritize speed for fix & flip investors. 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 quick turnaround is crucial for securing competitive distressed properties and starting your renovation without delay.
What types of properties qualify for fix & flip loans?
We lend on a wide range of residential properties suitable for renovation, 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 renovation plan, rather than solely on the borrower's credit history.
Do you require an appraisal for fix & flip properties?
To expedite the process, we often utilize BPOs (Broker's Price Opinions) or conduct our own internal valuations based on recent comparable sales and our extensive experience with renovation projects. This allows us to assess the property's potential ARV efficiently, often helping us close faster than traditional lenders who require lengthy appraisals.
Ready to fund your next fix & flip project?
Get pre-qualified or apply now for a fast and flexible fix & flip loan.
Apply Now
