Fix and Flip Loans
Rapid & Flexible Capital for Your Real Estate Rehab Projects
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*Specializing in quick funding for single-family, multi-family, and commercial rehab projects.
Service Snapshot: Fix and Flip Loan Details
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip Loans, Rehab Loans, Bridge-to-Sell, Construction 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), Multifamily, Light Commercial, Distressed Properties |
Why Investors Choose Waterman Capital for Fix & Flip Projects
The fix and flip market demands speed, certainty, and a lender who understands the nuances of real estate renovation. Traditional lenders often fall short, with slow processes and rigid requirements that don't fit the dynamic nature of flipping.
Waterman Capital offers a strategic advantage for your fix and flip investments:
- Speed & Efficiency: Our streamlined application and underwriting process is designed to get you funded quickly, often within 3-10 business days. This means you can secure lucrative properties before competitors and start your rehab sooner.
- Flexible Terms for Rehabs: We specialize in tailored hard money loans that account for both the acquisition and the renovation costs. Our loans are structured to support your project's unique timeline and budget, including draws for construction phases.
- Focus on ARV, Not Just Credit: We primarily evaluate your loan based on the property's After Repair Value (ARV) and your project's profitability, not solely on your credit score. This makes us an ideal partner for experienced and emerging flippers alike.
- Expert Support: Our team understands the fix and flip model. We work with you to ensure your financing aligns with your project's scope, helping you maximize your return on investment.
Frequently Asked Questions About Fix & Flip Loans
What is a fix and flip loan and how does it work?
A fix and flip loan, also known as a rehab loan or bridge loan, is a short-term, asset-based loan designed specifically for real estate investors purchasing a property with the intent to renovate and resell it for a profit. We fund the acquisition and often provide additional capital for the renovation costs, typically disbursed as construction draws based on project milestones.
How fast can I get funded for my fix and flip project?
Speed is critical in fix and flip. We are structured for efficiency, often funding qualified fix and flip loans in as little as 3-5 business days, with most loans closing within 7-10 business days. This allows you to seize opportunities quickly and stay ahead in a competitive market.
What types of properties qualify for fix and flip financing?
We lend on a wide range of properties suitable for renovation and resale, including single-family homes, multi-unit residential properties (2-4 units), townhouses, condos, and even select light commercial properties. Our focus is on the property's potential After Repair Value (ARV) and your clear exit strategy.
Do you provide funds for the renovation costs?
Yes, our fix and flip loans are structured to cover both the acquisition of the property and a significant portion of the renovation costs. These renovation funds are typically disbursed in draws as construction milestones are met, ensuring you have capital throughout your project's lifecycle.
What is the typical loan term for a fix and flip project?
Fix and flip loans are short-term by nature, usually ranging from 6 to 18 months. Our terms are designed to give you ample time to complete your renovations and sell the property, with options for extensions if needed, depending on the project's progress and market conditions.
Ready to secure your next successful fix & flip project?
Get pre-qualified or apply now for fast and flexible fix and flip financing.
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