Construction Loan Financing

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

Hard money construction loans are frequently used to finance residential or commercial new construction projects. Typical construction loans run for six months to two years, requires interest-only payments – that are often bundled into the loan itself – and are funded in installments that follow a predetermined schedule of milestones. At Walnut Street Finance, we understand the needs of builders and developers and know timelines don’t often go as planned. Construction loans are repaid when the work is complete and the property is sold or refinanced.

 

Whether your project requires tearing down and rebuilding a single-family home, demolishing the interior of a building and extensively renovating it, or building a home or commercial space from the ground up, Walnut Street Finance has the flexibility, expertise, and tools to be your hard money lending partner. Unlike a traditional construction loan from a bank, a hard money construction loan from Walnut Street Finance can be tailored quickly and effectively to your project’s specifications.

 

Construction loans are most often used for new construction projects and their terms are generally the longest of our short-term hard money loans, allowing you time to finish 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