Fix & Flip Loans
Rapid Funding for Your Next Real Estate Renovation Project
Get Your Fix & Flip Loan Quote
*Quickly turn distressed properties into profitable investments.
Fix & Flip Loan Program Snapshot
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Rehab Loans, Bridge-to-Sale |
| 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), including renovation costs |
| Target Property Types | Single-Family Homes, 2-4 Unit Residential, Multi-family, Condos |
Why Investors Choose Waterman Capital for Fix & Flip Projects
The fix & flip market is dynamic and highly competitive, demanding fast access to capital to seize opportunities. Traditional bank loans can be slow, causing investors to miss out on lucrative deals for distressed properties.
Waterman Capital offers a strategic advantage for your flipping success:
- Speed & Efficiency: Our streamlined application and underwriting process means you can close deals quickly, often within 3-10 business days. This is crucial for securing discounted properties and starting renovations without delay.
- Flexible Terms: We specialize in tailored hard money loans that cover both purchase and renovation costs, offering flexible terms that traditional lenders often cannot match for projects with unique timelines or complex rehabs.
- Focus on Project Potential: We evaluate your project's After Repair Value (ARV) and overall profitability, rather than solely relying on credit scores. This makes capital accessible for a wider range of viable fix & flip opportunities.
Common Questions About Fix & Flip Loans
What are Fix & Flip Loans and why are they ideal for real estate investors?
Fix & Flip loans (a type of hard money loan) are asset-based loans designed specifically for investors looking to purchase, renovate, and quickly resell properties for profit. They are ideal because they offer rapid funding, cover both the purchase price and renovation costs, and have more flexible underwriting criteria than conventional bank loans, making them perfect for time-sensitive deals.
How quickly can I get funded for my fix & flip project?
We pride ourselves on efficiency. For qualified fix & flip projects, we can often fund loans in as little as 3-5 business days, with most loans closing within 7-10 business days. This speed is crucial for securing competitive deals and reacting quickly to market opportunities.
What types of properties qualify for Fix & Flip Loans?
We primarily lend on residential properties for fix & flip projects, including single-family homes, 2-4 unit multi-family properties, townhouses, and condos. Our focus is on the property's potential After Repair Value (ARV) and the overall profitability of the project, regardless of its current condition.
Do you require a traditional appraisal for fix & flip properties?
To expedite the process, we often utilize Broker's Price Opinions (BPOs) or conduct our own internal valuations based on recent comparable sales and our extensive experience in real estate. This allows us to assess the property's value and ARV quickly, helping us close loans faster than if we waited for a full, traditional appraisal.
Ready to Fund Your Next Fix & Flip Project?
Get pre-qualified or apply now for a fast and flexible fix & flip loan.
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