Finance Your Construction Project
Great Short-Term Construction Loans for Real Estate Investors
A construction loan is frequently used to finance residential or commercial new construction projects. Typical construction loans run for six months to two years, requires interest-only payments – that are often bundled into the loan itself – and are funded in installments that follow a predetermined schedule of milestones. At Walnut Street Finance, we understand the needs of builders and developers and know timelines don’t often go as planned. Construction loans are repaid when the work is complete and the property is sold or refinanced.
Whether your project requires tearing down and rebuilding a single-family home, demolishing the interior of a building and extensively renovating it, or building a home or commercial space from the ground up, Walnut Street Finance has the flexibility, expertise, and tools to be your private lending partner. Unlike a traditional construction loan from a bank, a private lender construction loan from Walnut Street Finance can be tailored quickly and effectively to your project’s specifications.
Construction loans are most often used for new construction projects and their terms are generally the longest of our short-term private money loans, allowing you time to finish the project.
Construction Loans from Walnut Street Finance
|Speed||Your loan is reviewed and can be approved within 5 minutes and can close as quickly as 3 days|
|Minimal Up-front Cash Required||Option to finance 100% of your closing costs and points and set up an interest reserve so you’re not making interest payments for the first 6 months|
|Flexible Loan Amounts||Borrow anywhere from $150K to $2.5 million|
|Easy||Minimal paperwork and easy application process|
|Interest Reserves||We hold construction and interest reserves so you’re not making payments on your project for the first 6 months|
|Hands-on||With over 30 years of real estate experience, we’re not just lenders but can also help you throughout your project|
Best Hard Money Loans
Quick response makes all the difference to keep your project on schedule.
- Fast approval
- Fast closing
- Fast draws
We get it. Projects never go exactly as planned. We are here to help you.
- Local market experts
- 30+ years construction experience
- Your success is our success
Cash flow is critical on your projects. Our loan terms are set with your needs in mind.
- Minimal cash down
- No interest payments up to 6 months
- No need for perfect credit
Areas We Serve
Hard Money Loans for:
Hard Money Private Loan vs Traditional Bank Loan
|Hard Money Loan||Traditional Bank Loan|
|Can close in days||Speed||30-45 days to close|
|Minimal||Paperwork||Bank regulations & checklists|
|Borrowers qualify based on project and equity. Less than perfect credit does not disqualify.||Qualifications||Qualification often not possible for renovation projects. Borrower credit score weighed heavily.|
|Flexible rates and terms are available and designed around project and borrower||Flexibility||Set loan rates and terms|
“Extremely glad we went with this lender. They are not just a lender but a fabulous resource as well. They have provided a wealth of information on renovations from vendors to agents that are top notch in this market. They are interested in the success of their clients and I have been able to call them or email them with questions. I always get a quick and informative response. No other lender wants to help you like this one. Use them.”
"Walnut Street Finance has been a great partner to work with for my real estate investments. I’ve worked with Walnut Street on multiple projects and they’ve given me solid advice with questions on permits and inspections as well as quality referrals for contractors."
“Walnut Street Finance was referred to me by my Mortgage lender. They are fast, attentive, and have an amazing staff. I used WSF for a recent flip project, Melissa came out to the property to check it out and make sure it would be a good deal. After the renovations, it sold in 4 days with multiple offers for full list price. I am already working with them again on another project, they are great to loyal clients."
“When no one else wanted to take this adventure with us, Walnut was there, as excited as we were about our project. They went above and beyond to help us out and we will forever be grateful for their confidence in us.”
About Walnut Street Finance
Before becoming a real estate private money lender, Walnut Street Finance spent twenty years as a builder and developer. We understand your project needs because we’ve been there. Our streamlined process is fast and easy, and we will help you every step of the way – with the loan process, at the closing table, and all the way to the day you sell or refinance your property and start your next project! All of this saves you time and money.
We offer private money loans from $150,000 to $2.5 million. Experts in Washington DC, Virginia, and Maryland.