Fix and Flip Loans
Fast & Flexible Capital for Real Estate Investors and Rehabbers
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*Serving real estate investors nationwide with tailored rehab financing.
Service Snapshot: Fix and Flip Loan Programs
| Feature | Details for Fix and Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Rehab Loans, Value-Add Renovation Projects |
| 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) / Up to 85% LTC (Loan-to-Cost) |
| Target Property Types | Single-Family Homes, 2-4 Unit Multi-Family, Condos, Townhomes |
Why Fix and Flip Investors Choose Waterman Capital
The fix and flip market demands speed, precise capital, and a deep understanding of renovation financing. Traditional lenders often fall short, with slow approvals and rigid terms that don't accommodate the dynamic nature of rehab projects.
Waterman Capital offers a strategic advantage for your fix and flip ventures:
- Speed & Efficiency: Our streamlined application and underwriting process ensures you can secure properties quickly and start renovations without delay, often closing in 3-10 business days. This speed is critical for competitive acquisition.
- Flexible Terms & Funding for Rehab: We specialize in tailored fix and flip loans that cover both the property purchase and the renovation costs. Our draw schedule is designed to release funds as your project progresses, ensuring you have capital when you need it most.
- Expertise in ARV-Based Lending: We understand the potential of your property. Our loans are primarily based on the After Repair Value (ARV), allowing you to leverage the future value of your renovated property, not just its current distressed state.
- Less Red Tape: Unlike banks, we focus on the asset and project viability rather than extensive credit history checks, making financing accessible even for newer investors or those with unique financial situations.
Frequently Asked Questions About Fix and Flip Loans
What is a fix and flip loan and how does it work?
A fix and flip loan is a short-term, asset-based loan designed specifically for real estate investors purchasing distressed properties, renovating them, and then selling them for a profit. It typically covers both the acquisition cost and a significant portion of the renovation expenses, with funds released in draws as work is completed. The loan is primarily underwritten based on the property's After Repair Value (ARV).
How fast can I get approved and funded for a fix and flip project?
Waterman Capital prides itself on rapid funding for fix and flip projects. For qualified deals, we can often approve and fund loans in as little as 3-5 business days, with most loans closing within 7-10 business days. Our efficient process helps you seize opportunities and start your renovation project without unnecessary delays.
What types of properties qualify for Waterman Capital's fix and flip loans?
We lend on a wide range of residential property types suitable for rehabilitation and resale, including single-family homes, multi-unit residential properties (2-4 units), condos, and townhomes. The key is the property's potential to increase significantly in value through renovation.
How is the loan amount determined for a fix and flip project?
Our fix and flip loan amounts are primarily determined by the property's After Repair Value (ARV) and the total Loan-to-Cost (LTC). We provide financing based on a percentage of the ARV (typically up to 75%) and a percentage of the total project costs (purchase + renovation, typically up to 85%). This allows us to fund projects with high upside potential.
Ready to Fund Your Next Fix and Flip Project?
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