Your credit score is a factor in our loan process, but how important is it? This is one of the top questions we receive from real estate investors looking for a hard money loan. In the video below I help explain how we look at approving a loan and how your credit score is factored into the overall loan approval decision.
Understanding what LTV, or loan-to-value, means and why it's important is key to ensuring that your next real estate investment project is a successful one. Watch the clip below for my take on LTV and what you need to know.
Picking a private money lender (also called a hard money lender) can be overwhelming, especially as the industry grows and the options start to blur together. Whether you're just starting out in real estate investing or have a whole portfolio behind you, your financing partner makes a big difference in your overall success. Watch our video below and find out 4 important tips for picking a private money lender.
We're starting a new feature on our blog this week, where members of the Walnut Street Finance team answer common questions we are often asked. I'm Chip Sher, Development Officer, answering one of the most common questions we get: why choose Walnut Street Finance for my next loan? What makes us different in the private lending and real estate business? Watch below to find out.
Richmond, Virginia is one of the hottest real estate markets in the country right now, and there’s no shortage of reasons why: strong economy, rich history & culture, and picturesque location, to name a few.
No matter how the real estate market fluctuates, one thing remains the same – real estate investors need money to fund their projects. As the lending landscape has changed over the years, it has become increasingly more difficult for developers to get the money they need through traditional lenders.
If you’re looking to build or rehab a home in Virginia, it’s important to have an idea of which form of financing might be right for you. Depending on your goals, a construction loan might be the best fit for getting the job done.
A real estate acquisition loan is, conveniently enough, exactly what it sounds like it would be - a loan used to acquire property. However, there’s one pretty large caveat that goes along with real estate acquisition loans, and that is that they can only be used to acquire property. That means that if, as a developer or fix and flipper, you were hoping to take out a loan to purchase property and begin construction or renovation, this is not the loan for you - unless you’ve got other funds ready and available to get the project moving.