Washington Capital Partners has closed over 770 loans since its inception in 2012. They can offer rates as low as 8% annualized. They lend up to 65% ARV and 80% LTC, and they can fund loans in as quick as 24-48 hours. The reviews they have on Facebook and Google are generally positive.
|Business Name||Washington Capital Partners|
|Business Address||2815 Hartland Road #200, Falls Church, VA 22043|
|Business Established Year||2012|
Washington Capital Partners Rates & Terms
|Types of Properties||Single family residences|
|Loan Amount||Up to $5 million|
|LTV||Up to 65%ARV|
|ARV||Up to 65%|
|Interest Rates||Starting at 8%|
|Lender Fees||Commitment Fee Payment (typically around $1,700)|
|Loan Terms||12 months|
|Minimum Qualifications||Credit score of at least 620|
Signed Term Sheet
W-9 for Purchasing LLC
Hazard/Liability Insurance Certificate
Bank Account Information
Two of your most recent Tax Returns (i.e. 2015, 2016)
|Typical Time to Funding||24-48 hours after title is clear and all documents have been received|
|Other Financing Available||New construction loan|
Flip-to-rent hybrid loan
Construction and repair loan
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
States Currently Lending In
DC, Maryland, and Virginia
About Washington Capital Partners
Washington Capital Partners was created to change the status quo of hard money lending after its co-founders experienced first-hand the problems that investors were facing when trying to secure capital for projects. To meet the modern market’s needs, WCP created proprietary technology and a “service-first” approach to its clients.
With rates from 8% to 13% and flexible loan structuring, WCP is committed to helping investors succeed. Using superior terms and smarter processes, the theory of having “partners” rather than “borrowers” has led WCP to become the premier hard money lender in Washington DC, Maryland, and Virginia.