Your Go-To Private Lender. Fast & Easy.

Fast

  • Loan pre-approval in minutes
  • Close as fast as 3 days
  • Quick construction draws

Easy

  • Minimal paperwork
  • Easy application

Great Terms

  • Flexible short term loans for $100K – $2.5m
  • Minimal cash down
  • No need for perfect credit

With over 30 years of boots on the ground real estate development experience, we get it. We do what we say we will do, and help you succeed in your real estate investments.

 

Property Geographic Area Details

DC, Virginia, Maryland, Delaware, Pennsylvania, North Carolina, South Carolina, Texas

Loan Amounts

$100,000 to $2,500,000

Interest Rates

7.99% to 12.99%

Max Loan-To-Value

75.00%

Max Loan-To-Cost

100.00%

Origination Fees

2% to 4%

Loan Terms

6 months to 24 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Assisted Living Facility
  • Bed and Breakfast
  • Commercial Condominium
  • Condominium
  • Hospital
  • Hotel
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Motel
  • Multifamily
  • Office
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Land Loan

Will Consider Land That is NOT Entitled

no

Max LTV for Land

0%

Max LTC for Land Acquisition

0%

Purchase Loan

Max Loan-To-Purchase Price

85.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

5

Construction Loan

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

100.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC

Documentation Required

  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

yes

Minimum Credit Score Required

600

Appraisal Required for Residential Property

Always After Funding

Appraisal Required for Commercial Property

Always After Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Deposit Required

$1,000.00 to $2,500.00

Commitment fee ranges from $1,000 to $2,500 depending on the loan amount.

Legal Fee

Fees which are mandatory for all new borrower clients

  • Deposit
  • Legal Fee
  • Appraisal Fee
  • Inspection Fee
  • Title Fee
  • Credit Report Fee

Fees which are charged upfront prior to loan closing

  • Deposit

Fees which are paid to a third party company

  • Appraisal Fee
  • Title Fee

Walnut Street was founded in 1997 by Bobby Montagne, Jr. as a private real estate development company focused on well-located, infill sites in and around Washington, DC. Walnut Street’s business model included acquiring, zoning, and building residential and commercial projects in “A” locations. After decades of success in residential and commercial property development, finance, and sales, Walnut Street transitioned into a private hard money loan lender by founding Walnut Street Finance.

Because Walnut Street was a builder before becoming a private hard money loan lender, we have a special appreciation for our clients. Having “dirtied our boots” developing thousands of residential units and commercial properties during that span, we understand the needs of builders and developers. Well-rooted in the industry, we approach each loan and client as we would a partner: first identifying the capital needs and then delivering the right solution.

Walnut Street Finance provides short-term (6-24 month) commercial loans to small and mid-sized independent real estate builders, developers and investors in Washington, DC, Virginia, Maryland, Delaware, North Carolina, South Carolina, and Pennsylvania.

We eliminate the stress of project financing with a refreshing approach to serving the entrepreneurial builder and developer by providing easy online loan applications; fast and flexible financing without the red tape; competitive rates, fees & terms; and loans serviced by our local company. No other private hard money loan lender knows the market like Walnut Street Finance, and we want to earn your business by getting to know you and your project.

Year Established

1997

Associations

  • American Association of Private Lenders - Member
  • National Private Lenders Association - Founding Member
  • Better Business Bureau - A+ Accredited Member

Office Locations

4021 University Drive, Fairfax, Virginia 22030

Primary Capital Source

  • Own Funds
  • Debt Fund We Manage

Alternative Capital Sources

  • Individual Investors
  • Bank Credit Line
  • Private Equity Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • One Investor One Loan

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Percentage of Residential Property Loans Which are Fix and Flip

90%

Percentage of Residential Property Loans Which are Buy and Hold

10%

Bobby Montagne

CEO

Katia Potapov

VP of Operations

Melissa Lynch

Development Officer

Anthony "Tony" Zezzo

Underwriting

15+ Years Experience Investor/Developer

I have been investing in the DC Metro area for a better part of 16 years. I have seen Hard Money Lenders come and go. For our current project, I sought funding from many of the top Lenders in the area. Walnut Street Finance was the most flexible, and easiest lender to work with by far. We did not choose Walnut street finance, they chose us. They took a very sensible approach to our circumstances where other lenders turned us down. Since settlement, they have been patient and understanding as we attempt to obtain our building permits and they are always looking to see how they can assist us to move our project along. I highly recommend any investor in their lending area to give them a try. Walnut Street Finance is a different kind of lender in which you can grow and foster a long lasting business relationship that will keep you competitive in this very aggressive market that we find ourselves in. Their whole entire staff is friendly and professional. From an experienced investor, Walnut Street Finance comes highly recommended.

Washington, DC

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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how will the loan be paid off?

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