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

 

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