Fix and Flip Loans
Fast & Flexible Capital for Profitable Real Estate Rehabs
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*Specializing in quick funding for residential and light commercial rehab projects nationwide.
Service Snapshot: Fix & Flip Loan Program
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Use | Acquisition & Renovation for Resale (Fix & Flip) |
| Typical Funding Time | 5-10 Business Days (as fast as 3 for clear projects) |
| Loan-to-Value (LTV) | Up to 75% ARV (After Repair Value) |
| Financing Coverage | Up to 90% of Purchase, 100% of Rehab Costs (up to LTV limit) |
| Target Property Types | Single-Family Homes, 2-4 Unit Multifamily, Condos, Townhomes |
Why Fix & Flip Investors Choose Waterman Capital
The fix and flip market demands speed, reliable capital, and a partner who understands the intricacies of property renovation. Traditional financing often falls short, with slow approvals and strict requirements that can cause investors to miss out on prime opportunities or delay project timelines.
Waterman Capital provides the strategic advantage every fix and flip investor needs:
- Rapid Funding: Our streamlined application and underwriting process ensures you can acquire properties quickly, often closing in 3-10 business days. This speed is critical for securing competitive deals.
- Comprehensive Rehab Financing: We not only finance the property purchase but also provide funds for renovation costs, structured to ensure your project has the capital it needs from start to finish.
- Focus on ARV: Our loan decisions are primarily based on the After Repair Value (ARV) of your project, allowing for higher leverage on properties with significant upside potential, regardless of initial purchase price.
- Flexible Terms: We specialize in tailored hard money loans that accommodate unique project scopes, even those requiring extensive rehab or facing tight deadlines.
Frequently Asked Questions from Fix & Flip Clients
What is a Fix & Flip Loan and how does it work?
A Fix & Flip Loan is a short-term, asset-based loan designed specifically for real estate investors to purchase, renovate, and quickly resell properties for a profit. We provide capital for both the acquisition and the rehabilitation of the property, typically funding a high percentage of the After Repair Value (ARV), allowing you to maximize your investment potential without tying up all your personal capital.
How fast can I get funded for my Fix & Flip project?
Our priority is speed and efficiency for fix & flip investors. For qualified projects, we can often close loans in as little as 3-5 business days, with most loans funding within 7-10 business days. This rapid turnaround is essential for competitive real estate markets and ensuring you don't miss out on profitable deals.
What types of properties qualify for Fix & Flip loans?
We primarily lend on residential properties suitable for resale, including single-family homes, 2-4 unit multi-family properties, condos, and townhomes. The key is the property's potential for value increase through renovation and its marketability after repairs.
How is the loan amount determined for a Fix & Flip?
Our loan amounts are primarily based on the After Repair Value (ARV) of the property, along with the purchase price and renovation budget. We assess the market comparables to determine the potential resale value after your planned repairs, and then structure the loan to cover a significant portion of both the acquisition and rehab costs, up to our maximum LTV on ARV.
Do you fund 100% of rehab costs?
Yes, we can fund 100% of the renovation costs within the overall Loan-to-Value (LTV) limit based on the After Repair Value (ARV) of the property. This means your project can be fully capitalized for repairs without requiring additional out-of-pocket funds for the rehab portion, as long as it fits within the approved ARV percentage.
Ready to finance your next profitable Fix & Flip project?
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