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Chip's Tips: Why Choose Walnut Street Finance as Your Lender

Posted by Walnut Street Finance Team on May 11, 2018

We're starting a new feature here on our blog this week, where members of the Walnut Street Finance team answer common questions we are often asked. We're kicking off with Chip Sher, our Development Officer, answering one of the most common questions we get: why choose Walnut Street Finance for your next loan? What makes us different in the private lending and real estate business? Watch below to find out.

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Topics: Hard Money Lenders & Loans, FAQs

All New Broker Referral Program

Posted by Walnut Street Finance Team on May 4, 2018

We want to share our excitement by giving YOU money! you can earn 1% (1 POINT) of the closed loan amount for every deal brought to Walnut Street Finance.

 

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Topics: Hard Money Lenders & Loans

Investing in Real Estate in Richmond, Virginia? Here Are Your Financing Options.

Posted by Walnut Street Finance Team on May 1, 2018

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.

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Topics: Hard Money Lenders & Loans

Hard Money vs. Traditional Lender Construction Loans

Posted by Walnut Street Finance Team on Apr 20, 2018

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.

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Topics: Hard Money Lenders & Loans

What Are The Requirements For Construction Loans In Virginia

Posted by Walnut Street Finance Team on Apr 3, 2018

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.

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Topics: Hard Money Lenders & Loans

Should You Borrow Money From A Family Member Or A Hard Money Lender?

Posted by Bobby Montagne on Mar 8, 2018

No matter what the project, deciding whether to borrow from a family member or a hard money lender can be a difficult choice. 

 

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Topics: Hard Money Lenders & Loans

Choose Your Own Adventure: Financing With Walnut Street Finance

Posted by Bobby Montagne on Mar 1, 2018

There are many factors that influence a borrower's decision to work with a hard money lender. 

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Topics: Hard Money Lenders & Loans

Real Estate Acquisition Loans: What You Need To Know

Posted by Bobby Montagne on Feb 22, 2018

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.

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Topics: Hard Money Lenders & Loans

Are The Risks Worth The Rewards With A Bridge Loan?

Posted by Bobby Montagne on Feb 20, 2018

With any real estate transaction there can be risks and rewards, including when you work with a lender to secure the financing on your deal. With bridge loans, there can be slightly more risk involved, since the main objective is to essentially have two loans out on two properties at once. However, for developers who know their market and are confident in their development plans, the rewards can outweigh the risks and provide a means for paving a smooth path to getting their next deal lined up and ready to go.

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Topics: Hard Money Lenders & Loans

Need Help Financing Your Investment Property? Learn About Your Best Options

Posted by Bobby Montagne on Feb 15, 2018

In a perfect world, financing your investment property would be as simple as taking out your personal (or business) checkbook, writing a check, and handing it over - no heavy lifting or strings attached. Unfortunately, for most developers that isn’t usually the case - especially when they’re first getting started in the world of real estate investing and development. After all, the funds to make the purchase need to come from somewhere, and until you’ve got a few flips and sales under your belt that money simply might not be there yet. So, if you’re weighing your options about financing your investment property, let us walk you through some of the best ones. 

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Topics: Fix And Flip Advice, Hard Money Lenders & Loans

What Does A Construction Loan Cover?

Posted by Bobby Montagne on Feb 8, 2018

As with most things to do with real estate, there’s a variety of terms and intricacies you need to know and understand. When you’re purchasing property with a loan it can all get a bit more complicated. This is especially true when you’re entering into the investing world as a prospective fix and flipper. For many first-timers, they assume that what they’ll need for their project is a construction loan - which on the face of it makes total sense. After all, they’ll be purchasing a property and then doing construction - why wouldn’t a construction loan be the appropriate method of funding and what is its purpose if not to fund construction? 

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Topics: Fix And Flip Advice, Hard Money Lenders & Loans

4 Major Differences Between Traditional Mortgages and Private Lending

Posted by Bobby Montagne on Jan 30, 2018

Finding the right financing option when purchasing a real estate property can often come with some hurdles. While traditional mortgages and private lending are similar in essence, they have different lending rules. Most people are familiar with a traditional mortgage, which means they’re also no stranger to the stringent rules attached to it. With private lending as an effective alternative for an investment project, it’s no surprise that it’s gaining traction.

This post will help you understand the 4 big differences in traditional mortgages and private lending.

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Topics: Fix And Flip Advice, Hard Money Lenders & Loans

What Are The Requirements For A Construction Loan

Posted by Bobby Montagne on Jan 25, 2018

If you're looking to build or rehab real estate property and intend to refinance it to generate rental income or sell it for a profit, a construction loan might be the best option. Since most people can't afford to pay for the cost of a new commercial or residential project up front, the process of securing a construction loan typically begins with a lender: local credit unions or regional banks. Unlike a conventional loan, however, it’s more complicated to get the green light on your construction loan application because you’re essentially requesting to borrow money for a new build that doesn’t exist yet. 

This post outlines some of the requirements you need in order to qualify for a construction loan.

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Topics: Hard Money Lenders & Loans

How Does A Construction Loan Work For A New Home?

Posted by Bobby Montagne on Jan 16, 2018

There are a variety of loans available for investors looking to purchase and rehabilitate properties, but the most popular among them are fix and flip loans and construction loans. However, there are definitely differences between the two - even though they may sound similar - and each are ideally suited to specific situations. In fact, one of the biggest differences is that hard money construction loans are typically issued for properties that have yet to be built, whereas fix and flip loans are issued for properties that are already in existence and need a bit of TLC.

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Topics: Fix And Flip Advice, Hard Money Lenders & Loans

Fix And Flip Loans: Your Answer To House Flipping Financing

Posted by Bobby Montagne on Jan 11, 2018

When it comes to financing options for flipping homes, a fix and flip loan is most likely going to be your best bet. There are, of course, a variety of financing options for borrowers and developers, but there are a number of reasons why fix and flip loans specifically are exactly what you’re looking for.

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Topics: Fix And Flip Advice, Home Renovation & Design Tips, Hard Money Lenders & Loans

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