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.
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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