Fix & Flip Loans
Rapid Funding for Your Real Estate Investment Flips
Get Your Fast Fix & Flip Loan Quote
*Specializing in quick capital for residential and commercial property renovations.
Service Snapshot: Fix & Flip Loan Program
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Bridge Loans for Rehab, Rental Property Conversion |
| 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 | Residential (1-4 units), Multifamily, Distressed Properties, Commercial for Renovation |
Why Investors Choose Waterman Capital for Fix & Flip Projects
The fix & flip market demands speed, flexibility, and a partner who understands the intricacies of property renovation and market cycles. Traditional banks often fall short, making investors miss out on profitable opportunities.
Waterman Capital offers a strategic advantage for your flipping ventures:
- Speed & Efficiency: Our streamlined application, underwriting, and funding process means you can acquire distressed properties quickly, often within 3-10 business days. This speed is critical to securing competitive deals.
- Flexible Terms & Draws: We specialize in tailored fix & flip loans that cover not only the acquisition but also a significant portion of your renovation costs. Our efficient draw schedules ensure your project stays on track and on budget.
- Focus on ARV: We underwrite based on the After Repair Value (ARV) of your project, allowing you to leverage the future value of your renovated property, rather than just its current, often low, purchase price.
- Experience & Expertise: We understand the full lifecycle of a flip, from initial acquisition to final sale. Our experience helps us assess project viability quickly and structure loans that support your profit margins.
Frequently Asked Questions About Fix & Flip Loans
What is a Fix & Flip Loan and how does it benefit real estate investors?
A Fix & Flip Loan is a short-term, asset-based loan specifically designed for investors purchasing properties with the intent to renovate and resell them for a profit. It's ideal because it offers rapid funding, covers both acquisition and renovation costs, and focuses on the property's After Repair Value (ARV), providing the capital needed to transform distressed assets into profitable ventures quickly.
How fast can I get funded for my fix & flip project?
We prioritize speed for fix & flip investors. 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 is essential for securing competitive deals and maintaining your project's timeline.
What types of properties qualify for a Fix & Flip Loan?
We lend on a wide range of properties ideal for flipping, including single-family homes, multi-unit residential (2-4 units), condos, townhouses, and even small commercial properties that require renovation. The key is the potential for increased value through repairs and improvements, focusing on the asset's profitability and market demand after the flip.
Do you require an appraisal for Fix & Flip properties?
To expedite the process, we often utilize BPOs (Broker's Price Opinions), property inspections, and conduct our own internal valuations based on recent comparable sales and our extensive experience in the real estate market. This allows us to quickly determine the After Repair Value (ARV) and get you funded faster than waiting for a full, traditional appraisal, which is crucial for time-sensitive flip deals.
Ready to Fund Your Next Fix & Flip Project?
Get pre-qualified or apply now for a fast and flexible fix & flip loan.
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