Washington Capital Partners

About Washington Capital Partners

Based in Falls Church, VA, Washington Capital Partners is a direct hard money lender providing loans in Washington DC, Maryland, Virginia, Pennsylvania, North Carolina, and beyond. They offer lending solutions for a variety of investing strategies, including fix and flip loans, rental loans, commercial & bridge loans, transactional funding, refinancing, and cash-out refinancing. Their loan parameters are flexible, including loans as low as 7.75% int. with a maximum LTC of 90%. They primarily offer loans for single-family, multifamily, mixed-use, and commercial properties. They are a direct lender and service all loans in-house.

Loan Types Offered: Fix and Flip Loans, Refinance / Cash Out Loans, Commercial Hard Money Loans, Hard Money Loans, Investment Property Loans

Property Types Covered: Single Family, Multi Family, Apartment, Mixed Use, Industrial

Areas Served: DC, MD, VA, NC, FL, PA, DE, NJ

Lending Guidelines for Washington Capital Partners

Below are the general loan guidelines published on the Washington Capital Partners website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Washington Capital Partners.

Loan Example 1

Cory finds a house in Baltimore, MD to rehab and resell. Since he does not have enough cash on-hand to acquire the $260,000 project outright, he decides to take out a fix and flip loan from Washington Capital Partners. The lender agrees to write a loan with a 50% loan-to-value (LTV) so they are willing to loan $130,000 on the property. The loan also includes the following features: 1) a 12 month term, 2) a 10% interest only note, and 3) a five percent origination charge.

In addition to paying the $6,500 origination fee, Cory will also fund $130,000 of the purchase with his own cash, or 50% of the purchase price. The lender will collect $1,083 in monthly interest payments from the Cory. This is calculated by taking the full note amount of $130,000, multiplying that by the 10% rate of interest, and then dividing that amount by 12. Assuming Cory sells the renovated project for $364,000 at the end of the 12 month term, his total profit (not accounting for rehab expenses) would be $84,500. This is calculated by taking the sales price ($364,000) and subtracting the original principle ($130,000), the origination fee ($6,500), the money he contributed to closing ($130,000), and the total interest expenses ($13,000).

Loan Example 2

Yvonne locates a property in Baltimore, MD to rehab and resell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Washington Capital Partners with the following parameters:

$310,000 sales price
80% loan to value (LTV)
6 month term
11% rate of interest
1% origination fee

After the renovation project is finished, if Yvonne sells the house for $449,500, the numbers would be the following:

$449,500 sales price
- $248,000 principle (80% LTV)
- $62,000 down payment (20% on 80% LTV)
- $2,480 origination points (1% of the $248,000 principle amount)
- $13,640 total interest paid (6 months x 11% interest)
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= $123,380 gross profit (doesn't include taxes or renovation costs)