Fix and Flip
Are you looking to purchase a property to wholesale or renovate and “flip” but lack sufficient capital or liquidity at closing time?
Short Term Capital
Are you in the process of securing permanent financing but need short-term capital now?
Get Financing Quickly
Do you need funds quickly to keep a deal from getting away or to stay competitive in a multiple-bid opportunity?
What is a Real Estate Acquisition Loan?
A real estate acquisition loan is financing for the purchase, or “acquisition,” of real property. The targeted property may be intended for resale by a wholesaler, for a Fix and Flip project, or for a condominium conversion, but as long as the loan is earmarked for the purchase only, it is considered to be an acquisition loan.
Typically, acquisition loans are a good fit for those who have identified a solid investment opportunity but do not have access to sufficient capital by the time of closing. Real estate lenders may bundle other types of loans (e.g., renovation loan, zoning & entitlement loan) with an acquisition loan to give the borrower more flexibility with the project.
Why Use a Hard Money Lender?
With an efficient underwriting process, competitive terms, and 40+ years of collective experience in development and private lending, Walnut Street Finance is well-positioned as a go-to source for your next real estate acquisition loan. We are a proud partner of many motivated builders, developers and investors in the greater Washington metropolitan area and look forward to serving your funding needs.