Fix & Flip Loans
Fast, Flexible Capital for Real Estate Renovation Projects
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*Specializing in residential and commercial rehabilitation projects nationwide.
Service Snapshot: Fix & Flip Loan Details
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip Loans, Rehab Loans, Construction Loans, Bridge Loans |
| Typical Funding Time | 5-10 Business Days (as fast as 3-5 for qualified projects) |
| Loan-to-Value (LTV) | Up to 90% Purchase, Up to 100% Rehab (up to 75% ARV) |
| Target Property Types | Residential (1-4 units), Multifamily, Commercial, Mixed-Use |
Why Investors Choose Waterman Capital for Fix & Flip Projects
The fix and flip market demands speed, efficient capital, and a deep understanding of renovation costs and after-repair values. Traditional lenders often fall short, making investors miss out on profitable deals or face project delays.
Waterman Capital offers a strategic advantage for your fix and flip endeavors:
- Rapid Funding & Efficiency: Our streamlined application and underwriting process ensures you can acquire properties and start renovations quickly, often closing in 3-10 business days. This speed is critical for securing competitive properties and staying on schedule.
- Flexible Terms for Rehabs: We specialize in tailored hard money loans that cover not only the property purchase but also a significant portion of the renovation costs. Our terms are designed for projects of all scopes, from light cosmetic updates to extensive structural overhauls.
- Focus on ARV: Our lending decisions are primarily based on the After Repair Value (ARV) of your project, allowing for higher loan amounts that traditional lenders tied to current value often cannot provide.
- Draw Schedule Expertise: We understand the mechanics of renovation funding, providing flexible draw schedules to ensure you have capital precisely when you need it throughout the construction phase.
Frequently Asked Questions from Fix & Flip Investors
What is a fix & flip loan and how does it work?
A fix & flip loan, often a type of hard money loan, is designed for real estate investors who purchase properties, renovate them, and then sell them for a profit. These loans are asset-based, meaning they are primarily secured by the property's value (especially its After Repair Value - ARV) rather than the borrower's credit. They typically offer quick funding, flexible terms, and often include funds for both the purchase and renovation costs.
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 competitive markets and seizing opportunities before other investors.
Do your loans cover renovation costs?
Yes, absolutely. Our fix & flip loans are specifically structured to cover both the acquisition of the property and a significant portion of the rehabilitation costs. We work with you to create a detailed budget and a practical draw schedule to ensure funds are released as work progresses, keeping your project on track.
What LTV (Loan-to-Value) can I expect for a fix & flip?
Our fix & flip loans typically go up to 90% of the purchase price and 100% of the renovation costs, capped at around 70-75% of the After Repair Value (ARV). This structure allows investors to leverage their capital effectively while ensuring a strong project potential. The exact LTV will depend on the project specifics and investor profile.
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