Fix and Flip Loans
Fast Capital for Profitable Real Estate Renovation Projects
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*Specializing in quick funding for residential and commercial rehab projects nationwide.
Service Snapshot: Fix & Flip Loan Program
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Bridge Loans, Rehab Loans, 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) and up to 90% LTC (Loan-to-Cost) |
| Target Property Types | Residential (1-4 units), Multifamily, Commercial, Mixed-use, Condos |
Why Fix & Flip Investors Choose Waterman Capital
The fix and flip market demands speed, reliability, and flexible financing. Traditional lenders often fall short, with slow approvals and strict requirements that can cause investors to miss out on profitable opportunities.
Waterman Capital offers a strategic advantage for your rehab projects:
- Speed & Efficiency: Our streamlined application and underwriting process ensures you can secure funding quickly, often within 3-10 business days. This speed is critical for acquiring properties before competitors.
- Flexible Terms: We specialize in tailored fix & flip loans that cover both purchase and renovation costs. Our focus is on the After Repair Value (ARV) of your project, allowing for greater leverage than conventional loans.
- Project-Centric Funding: We understand the unique challenges of renovation projects. Our loans are designed to support your rehab budget, with draws disbursed efficiently as work progresses.
- Experience with Investors: We partner with both seasoned and new investors, offering guidance and solutions for various project sizes and complexities, ensuring your deal closes successfully.
Frequently Asked Questions from Fix & Flip Investors
What is a Fix & Flip loan and why is it ideal for real estate investors?
A Fix & Flip loan is a short-term, asset-based loan specifically designed for investors who purchase properties, renovate them, and then sell for a profit. It's ideal because it offers fast funding, covers both acquisition and rehab costs, and focuses on the property's After Repair Value (ARV), making it perfect for time-sensitive, value-add projects where traditional financing is too slow or restrictive.
How fast can I get funded for a Fix & Flip project?
We prioritize speed for our fix & flip clients. 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 deals in competitive markets and starting your renovations promptly.
What types of properties do you finance for Fix & Flip projects?
We lend on a wide range of property types suitable for renovation and resale, including single-family homes, multi-unit residential (2-4 units), apartment buildings, commercial properties (retail, office), and even distressed properties requiring extensive rehab. Our focus is on the project's profitability and the property's potential After Repair Value.
How does the 'After Repair Value' (ARV) impact my Fix & Flip loan?
ARV is a critical component of our Fix & Flip loan underwriting. It represents the estimated value of the property after all planned renovations are completed. We base our loan amounts (LTV) on this future value, allowing you to borrow more than the current purchase price, which includes funds for your renovation budget. This strategy maximizes your leverage and helps fund your project from start to finish.
Ready to launch your next profitable Fix & Flip project?
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