Fix and Flip Loans
Rapid Funding for Your Real Estate Rehabilitation Projects
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Service Snapshot: Fix and Flip Loan Details
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Rehab Loans, Value-Add Projects, Bridge Loans |
| 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) |
| Target Property Types | Residential (1-4 units), Distressed Properties, Multifamily |
Why Investors Choose Waterman Capital for Fix & Flips
The fix and flip market demands speed and flexible capital. Opportunities for profitable rehabilitation projects arise quickly and often require immediate financing. Traditional bank loans can be slow, making investors miss out on lucrative deals and project timelines.
Waterman Capital offers a strategic advantage for fix & flip investors:
- 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 competitive distressed properties and starting your rehab sooner.
- Flexible Terms: We specialize in tailored fix & flip loans, including funding for substantial rehab costs, and properties that traditional lenders might consider too risky or complex. Our focus is on the project's potential, not just your credit history.
- Project Expertise: Our team possesses deep expertise in the mechanics of fix and flip projects, understanding the full cycle from acquisition to renovation and exit strategies. We help structure your loan for maximum profitability.
Frequently Asked Questions About Fix and Flip Loans
What is a fix and flip loan and why is it ideal for real estate investors?
Fix and flip loans are short-term, 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, flexibility for rehab expenses, and are based primarily on the property's potential value (ARV), making them perfect for seizing time-sensitive opportunities.
How fast can I get funded for a fix and flip project?
We understand the critical need for speed 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 quick turnaround is vital for securing competitive deals and initiating your renovation without delay.
What types of properties qualify for your fix and flip loans?
We lend on a wide range of properties suitable for fix and flip strategies, primarily focusing on residential 1-4 unit properties, but also including some multi-unit residential and distressed commercial properties. Our primary focus is on the property's potential After Repair Value (ARV) and the profitability of your project.
Do you require an appraisal for fix and flip properties?
To expedite the process and align with the fast pace of fix and flip investing, we often utilize Broker's Price Opinions (BPOs) or conduct our own internal valuations based on recent comparable sales and our extensive experience in the real estate investment market. This helps us assess the property's ARV quickly and close your fix and flip loan faster than traditional lenders.
Ready to fund your next fix and flip project?
Get pre-qualified or apply now for a fast and flexible fix and flip loan.
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