Why You Should Use Walnut Street Finance
Speed: your loan is reviewed and can be approved in as little as 24 hours and can close as quickly as 7 days
Competitive Rates: range from 10% – 12% and 2 to 3 points
Flexible Loan Amounts: we lend anywhere from $100K to $4 million
Easy: minimal paperwork and easy application process
Low Upfront Capital: we finance your closing costs
Interest Reserves: we hold construction and interest reserves so you’re not making payments while your project isn’t making you money, freeing up more capital for more jobs
Hands-on: with over 30 years of combined real estate experience, we’re not just lenders but can also help you throughout your project
A real estate acquisition loan is financing for the purchase, or acquisition, of 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 real estate investment opportunity but do not have access to sufficient capital by the time of closing. As you know, in real estate investing, time is of the essence; therefore one of the many benefits of a real estate acquisition loan is that it can help you secure the purchase of the property quickly.
A real estate acquisition loan is based solely on the value of the property. It does not take into consideration any of the renovations or repairs that need to be done before resale.
However, real estate lenders may bundle other types of loans (e.g., renovation loan, construction loan) with an acquisition loan to give the borrower more flexibility with the project.
Get Your Project Funded
I’m now working on my second project with WSF. The loan process for both was fast and easy. My second loan closed exactly four days after I brought them the deal. Looking for another deal now!Chris J.Washington, DC
The WSF team has been fantastic and hands-on the whole way. They have been easy to work with, and have given me tips on everything from roofing to sod, then helped me find a great local realtor and stager. A great partner.John G. Vienna, VA
I have worked with Walnut Street Finance on two deals in DC. Our first property is under contract above asking price, and we're underway with the second. The Walnut Street Finance team has been very helpful and done everything possible to help me succeed.Andy S.Alexandria, VA