Fix and Flip Loans
Fast & Flexible Capital for Your Real Estate Renovation Projects
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*Specializing in quick funding for single-family, multi-unit, and light commercial rehab projects.
Service Snapshot: Fix & Flip Loan Details
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Bridge Loans for Rehabs, Construction Draws |
| 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) on purchase and rehab costs |
| Target Property Types | Residential (1-4 units), Multifamily, Light Commercial with Value-Add Potential |
Why Investors Choose Waterman Capital for Fix & Flip Loans
The fix and flip market demands speed, reliable capital, and a partner who understands the intricacies of renovation projects. Traditional financing often falls short, making investors miss out on profitable opportunities due to slow approvals, strict credit requirements, and a lack of funding for rehab.
Waterman Capital offers a strategic advantage for your fix & flip success:
- Speed & Efficiency: Our streamlined application and underwriting process is designed to get you the funds quickly, often within 3-10 business days. This allows you to close on distressed properties fast and start your renovations without delay.
- Flexible Terms & Rehab Funding: We specialize in tailored hard money loans that include funding for both the acquisition and the renovation costs. Our draw schedules are designed to align with your project milestones, ensuring you have capital when you need it most.
- Experience in Renovation Projects: We understand the full lifecycle of a fix & flip. Our team has extensive experience assessing ARV (After Repair Value), rehab budgets, and market potential, allowing us to structure loans that support your project's profitability.
Frequently Asked Questions about Fix & Flip Loans
What is a Fix & Flip loan and how does it work?
A Fix & Flip loan, often a type of hard money loan, is designed for investors who purchase properties to renovate and resell quickly for a profit. These loans are primarily asset-based, focusing on the property's potential After Repair Value (ARV) rather than solely the borrower's credit. They typically fund both the property acquisition and a portion of the renovation costs, disbursed through a draw schedule as work progresses.
How fast can I get funded for my Fix & Flip project?
Speed is critical in the fix & flip market. We pride ourselves on efficiency, often funding qualified fix & flip projects in as little as 3-5 business days, with most loans closing within 7-10 business days. This rapid turnaround ensures you can secure competitive deals and begin your renovation work promptly.
What types of properties qualify for Fix & Flip loans?
We lend on a wide range of properties suitable for renovation and resale, including single-family homes, multi-unit residential properties (2-4 units), small apartment buildings, and certain light commercial properties with clear value-add potential. Our focus is on the property's ARV and the profitability of your rehab plan.
Do you fund rehab costs within the Fix & Flip loan?
Yes, absolutely. Our Fix & Flip loans are structured to cover both the acquisition of the property and a significant portion of the renovation budget. Funds for rehab are typically disbursed in draws based on the completion of predefined construction milestones, ensuring you have the capital you need throughout your project.
Ready to secure your next Fix & Flip investment?
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