Fix and Flip Loans
Fast & Flexible Capital for Real Estate Investors' Rehab Projects
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*Quick funding for residential rehabs, new construction, and value-add properties.
Service Snapshot: Fix & Flip Loans
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Bridge Loans, Rehab & Construction Financing |
| 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, Distressed Properties, Value-Add Commercial |
Why Investors Choose Waterman Capital for Fix & Flip Loans
The fix and flip market demands speed, flexibility, and a partner who understands the project's potential. Traditional lenders often fall short due to strict requirements and slow approval processes, causing investors to miss out on profitable deals.
Waterman Capital offers a strategic advantage for your fix & flip projects:
- Speed & Efficiency: Our streamlined application and underwriting process ensures you can acquire and begin your rehab quickly, often closing deals within 3-10 business days. This speed is critical for securing distressed properties and maximizing your project timeline.
- Flexible Terms: We specialize in tailored hard money loans that fund both the acquisition and renovation costs, adapting to your project's unique scope and budget. We focus on the property's After Repair Value (ARV) and your exit strategy.
- Project-Focused Lending: With extensive experience in valuing rehab properties, we understand the true potential of your investment. Our lending decisions are based on the asset's profitability and your project plan, not just personal credit scores.
Frequently Asked Questions About Fix & Flip Loans
What is a Fix & Flip Loan and why is it ideal for real estate investors?
A Fix & Flip loan is a short-term, asset-based loan designed specifically for investors who purchase properties, renovate them, and then sell them quickly for a profit. It's ideal because it offers fast funding, high LTVs based on the After Repair Value (ARV), and the flexibility needed to capitalize on distressed properties and tight market timelines where traditional financing would be too slow.
How fast can I get funded for a Fix & Flip project?
We prioritize speed for our fix & flip clients. 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 turnaround allows you to seize opportunities and move quickly on your renovation schedule.
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), and even some commercial properties with clear value-add potential. Our focus is on the property's potential for profit after improvements, rather than just its current condition.
Do you require an appraisal for Fix & Flip projects?
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 with rehab projects. This allows us to quickly assess the After Repair Value (ARV) and avoid the longer wait times often associated with traditional appraisals, ensuring faster closing for your fix & flip.
Ready to secure your next Fix & Flip investment?
Get pre-qualified or apply now for a fast and flexible fix & flip loan.
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