Why Choose Walnut Street Finance? Because Our Loan Approval Process Is:
Why WSF is Fast

Our application takes less than a minute to complete. We respond quickly, discuss the project, and give you a proposal within 48 hours. We can fund loans in as few as 3 business days.

Why WSF is Local

We know the DC Metro area because we live and work here too. Decisions about your project are made locally by people who understand the market. Chances are we’ve already funded a renovation in your neighborhood.

Why WSF is Simple

Our loan approval process is streamlined to get your project off the ground with as little time, effort and paperwork as possible.

Apply Now to Get Your Project Off the Ground!

Loan Approval Process

Our streamlined loan approval 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!

Loan Approval Process
Loan Approval Process

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 deposit

After you sign and return the term sheet with a small commitment fee, 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.


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!

Frequently Asked Questions

What is a hard money loan?

A short-term interest-only loan that is secured by the value of the property rather than the borrower. Real estate investors commonly use these types of loans to fund their projects because they are easier and faster to obtain than bank loans.

What do the terms “loan to value” (LTV) and “after renovation value” (ARV) mean?

Loan to value is the amount of money borrowed compared to the cost, or value, of the property. After renovation value is an estimated value of a property after renovations. Walnut Street Finance will typically lend up to 75% ARV for a project, depending on the property and the borrower.

In which states does Walnut Street lend money?

Currently, we lend in DC, VA, MD and DE.

How do I apply for a loan?

We have a fast and easy loan application process that takes just a minute to get started. Then our loan officer will call you back quickly to get the ball rolling. Learn more about our process or apply today.

What documents do I need to get started?

Each deal is different and but we generally require a personal financial statement, proof of income and property information.

How long does it take to close?

We can be prepared to close in a matter of days.

How important is my credit score?

Hard money lenders loan money based primarily on the value of the property. We do consider borrower credit history and experience, but our loan programs are flexible enough to work with all borrowers who have a decent deal and borrower profile.

Can I roll closing costs into the loan?

Yes, you can roll points and other closing costs into the loan.

Can I live in the house during the renovation?

No, we can only fund projects that are non-owner occupied.

Can you extend the term of my loan?

Yes. Sometimes projects have permit or construction delays and take more time than anticipated. We can extend the term of the loan if necessary.