Fix & Flip Loans for Real Estate Investors
Fast Capital & Flexible Terms for Your Next Renovation Project
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*Serving real estate investors nationwide with competitive fix & flip financing.
Service Snapshot: Fix & Flip Loan Details
| Feature | Details for Fix & Flip Investors |
|---|---|
| Primary Loan Types | Fix & Flip, Fix & Hold, Light Rehab, Value-Add Bridge 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) & Up to 85% LTC (Loan-to-Cost) |
| Target Property Types | Single-Family Homes, Multi-Unit Residential (2-4 units), Small Multifamily (5-20 units), Mixed-Use |
Why Investors Choose Waterman Capital for Fix & Flip Projects
The fix & flip real estate market demands agility, reliable capital, and a partner who understands the intricacies of renovation projects. Opportunities often arise quickly and require immediate financing to secure the deal and commence renovations.
Waterman Capital offers a strategic advantage for your fix & flip success:
- Speed & Efficiency: Our streamlined application, underwriting, and funding process means you can close on properties quickly, often within 3-10 business days. This speed is critical for securing profitable deals before competitors.
- Flexible Terms: We specialize in tailored fix & flip loans that cover not just the property purchase, but also a significant portion of your renovation costs. Our draw schedules are designed to align with your project milestones.
- Project-Centric Expertise: We understand renovation budgets, After Repair Value (ARV) projections, and project timelines. Our lending decisions are based on the potential of your project, not just credit scores or traditional metrics.
Frequently Asked Questions About Fix & Flip Loans
What is a fix & flip loan and why is it ideal for investors?
A fix & flip loan is a short-term, asset-based loan specifically designed for real estate investors who purchase properties, renovate them, and then sell them for a profit. It's ideal because it offers fast funding, flexible underwriting (often based on the property's potential, not just the borrower's credit), and the ability to finance both the purchase and the renovation costs, which traditional banks typically don't cover.
How fast can I get funded for a fix & flip project?
We prioritize speed to ensure you don't miss out on lucrative opportunities. For qualified fix & 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 rapid turnaround is crucial for competitive markets and tight closing windows.
What types of properties qualify for your fix & flip loans?
We lend on a wide range of residential and some commercial property types suitable for renovation and resale. This includes single-family homes, duplexes, triplexes, quadplexes, small multi-unit apartment buildings, and even some mixed-use properties. Our focus is on the property's potential ARV and the profitability of your rehab plan.
How is the After Repair Value (ARV) determined for fix & flip loans?
The ARV is a critical component of fix & flip lending, as it determines the maximum loan amount. We determine ARV by utilizing Broker's Price Opinions (BPOs) or conducting our own thorough internal valuations. This process involves analyzing recent comparable sales of fully renovated properties in the area, considering your proposed scope of work, and projecting the property's market value post-renovation. This allows us to move quickly without the delays of a traditional appraisal.
Ready to fund your next successful fix & flip project?
Get pre-qualified or apply now for a fast and flexible fix & flip loan.
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