Fix and Flip Loans
Fast, Flexible Capital for Your Next Real Estate Renovation Project
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*Serving real estate investors nationwide with competitive fix and flip financing.
Service Snapshot: Fix and Flip Loan Program
| Feature | Details for Fix and Flip Investors |
|---|---|
| Primary Loan Types | Acquisition & Renovation, Rehab Loans, Bridge Loans for Sale |
| 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) and up to 90% LTC (Loan-to-Cost) |
| Target Property Types | Residential (1-4 units), Multifamily, Distressed Properties, Commercial for light rehab |
Why Investors Choose Waterman Capital for Fix and Flip Projects
The fix and flip market demands speed, precise valuation, and a lender who understands renovation projects. Traditional financing often falls short, with slow approvals and strict property condition requirements that can kill a lucrative deal.
Waterman Capital offers a strategic advantage for your fix and flip strategy:
- Speed & Efficiency: Our streamlined application and underwriting process focuses on the asset's potential, allowing you to secure funding and close deals quickly, often within 3-10 business days. Essential for competitive acquisitions.
- Flexible Terms for Rehab: We specialize in tailored fix and flip loans that include funds for both acquisition and renovation. We understand construction draws and offer flexible terms to match your project's scope and timeline.
- Expert Project Evaluation: Our team has extensive experience assessing property potential, understanding renovation costs, and accurately valuing after-repair values (ARV). This expertise helps us fund viable projects traditional lenders might overlook.
- Less Red Tape: We prioritize the property's investment potential and your exit strategy over strict credit scores or extensive documentation, providing a clear path to funding for experienced and emerging flippers alike.
Frequently Asked Questions About Fix and Flip Loans
What are Fix and Flip Loans and how do they work?
Fix and Flip loans are short-term, asset-based loans designed for real estate investors purchasing distressed properties, renovating them, and then selling them for a profit. They typically cover a significant portion of both the purchase price and the renovation costs, with funding released in draws as construction milestones are met. These loans are ideal for quickly capitalizing on opportunities that require significant rehabilitation.
How fast can I get funded for a fix and flip project?
We pride ourselves on efficiency. For qualified fix and flip projects, we can often fund loans in as little as 3-5 business days, with most loans closing within 7-10 business days. This speed is critical for securing competitive deals and starting your renovation without delay.
What types of properties do you lend on for fix and flip?
We lend on a wide range of properties suitable for renovation, including single-family homes, multi-unit residential (2-4 units), townhouses, and even smaller commercial properties designated for light rehab and resale. Our focus is on the property's after-repair value (ARV) and the profitability of the proposed project.
Do you require an appraisal for fix and flip properties?
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 in evaluating renovation projects. This allows us to quickly assess the property's current value and its after-repair value (ARV), helping us close faster than traditional lenders who require lengthy appraisals.
Ready to Fund Your Next Fix and Flip Project?
Get pre-qualified or apply now for a fast and flexible fix and flip loan.
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