Loan Process
Fast & Easy
Our Hard Money Loan Process is Fast and Easy
Our streamlined loan approval process is fast and easy, and we will help you every step of the way: through 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.
Loan Application
Submit the form online and we will get back to you quickly. Our normal response time is within minutes or hours, not days.
Project Assessment
After getting more details about the property, your renovation history, and your available equity, we assess the deal. We will then send you a term sheet with our proposed loan amount, rate and terms.
Term Sheet and Loan Deposit
After you sign and return the term sheet with a small loan deposit, we will order a home appraisal for the property.
Supporting Documents
Depending on your project and profile, we will ask you to submit some supporting documents. These may include copies of the sales contract, your corporate documents (if buying as an LLC or organization), and a construction budget and schedule. We also require builder’s risk insurance to protect you and us against any accidents at the job site.
Draw Schedule
We will work with you to create a draw schedule, which determines when you will receive the draws or loan installments during the construction process.
Loan Closing and Disbursement
We will help you choose a settlement company and get all necessary documents to closing. At closing, you will receive your first loan payment which you will use to buy or refinance your property and get started on your renovations.
Construction
At the designated draw schedule milestones, we will inspect the property and you will receive your loan draw payments so you can continue and complete construction.
Sell or Refinance
Sell or refinance your property within the loan term and pay back the loan with your proceeds. Then repeat the process on your next deal!
703-273-3500
Best Hard Money Loans
Fast
Quick response makes all the difference to keep your project on schedule.
- Fast approval
- Fast closing
- Fast draws
Helpful
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
Best Terms
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:
Washington DC
Virginia
Maryland
Recent Projects Funded by Walnut Street Finance
Vienna VA
Washington DC
Washington DC
Chevy Case MD
Hard Money Private Loan vs Traditional Bank Loan
|
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| 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. |
| 20% | Down Payment | 30% |
| Flexible rates and terms are available and designed around project and borrower | Flexibility | Set loan rates and terms |
Karen H.
“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.”
Jason B.
"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."
Madeline S.
“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."
Laura H.
“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.”
703-273-3500
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.
Walnut Street Finance Proud Members
