Fix & Flip Loans
Quick & Reliable Capital for Your Real Estate Renovation Projects
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*Serving real estate investors nationwide with competitive fix & flip financing.
Fix & Flip Loan Snapshot
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Bridge Loans, Renovation Loans, 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) |
| Target Property Types | Single-Family Homes, Multi-Unit Residential (1-4 units), Condos, Townhomes |
Why Choose Waterman Capital for Your Fix & Flip Projects
The fix & flip market is fast-paced and requires decisive action to secure profitable deals. Traditional lenders often can't keep up with the speed and unique requirements of renovation projects, causing investors to miss out.
Waterman Capital offers a strategic advantage for fix & flip investors:
- Speed & Efficiency: Our streamlined application and underwriting process ensures you can close deals quickly, often within 3-10 business days. This is crucial for securing distressed properties and initiating renovations without delay.
- Flexible Terms for Rehabs: We specialize in tailored financing solutions that understand the costs associated with renovation. Our loans are designed to cover both acquisition and rehab expenses, providing the capital you need to transform properties.
- Focus on ARV: We lend based on the After Repair Value of your property, allowing you to maximize your leverage and invest in projects with significant upside potential, even if the current condition is poor.
Frequently Asked Questions About Fix & Flip Loans
What is a Fix & Flip Loan and How Does it Work?
A fix & flip loan is a short-term, asset-based loan designed specifically for real estate investors who purchase properties, renovate them, and then sell them for a profit. Unlike traditional bank loans, these are typically funded by private lenders like Waterman Capital and are approved quickly, focusing on the property's value (especially its After Repair Value or ARV) rather than solely on the borrower's credit score or income history.
How Fast Can I Get Funded for a Fix & Flip Project?
We understand the urgency in the fix & 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 rapid funding allows you to act quickly on opportunities and outcompete other buyers.
What Types of Properties Qualify for Fix & Flip Loans?
We primarily lend on residential properties suitable for renovation and resale, including single-family homes, 2-4 unit multi-family properties, condominiums, and townhouses. The key is the potential for increased value through repairs and renovations.
Do You Require an Appraisal for Fix & Flip Properties?
To expedite the funding process, we often utilize BPOs (Broker's Price Opinions) or conduct our own internal valuations based on recent comparable sales and our extensive market experience. While we may request a full appraisal in some cases, our goal is always to provide a fast and efficient closing process for your fix & flip project.
Ready to Fund Your Next Fix & Flip Project?
Get pre-qualified or apply now for fast and flexible fix & flip financing.
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