A creative hard money lender
Private rehab lending
WCLD provides private hard money rehab loans for real estate investors undertaking renovation projects across Northern Virginia. We fund heavy gut rehabs, full property renovations, and value-add projects with draw-based disbursement tied to construction milestones.
Rehab lending is the core of WCLD's private lending activity across Northern Virginia. A rehab loan from WCLD covers both the acquisition and the renovation budget — disbursing the rehab portion through draws as construction milestones are completed. This structure keeps the borrower's out-of-pocket capital lower during the project and aligns WCLD's exposure with actual construction progress throughout the renovation.
WCLD funds rehab projects throughout Northern Virginia including Fairfax County, Arlington, Alexandria, McLean, Vienna, Herndon, Sterling, Ashburn, Leesburg, Manassas, Woodbridge, and other active investor markets. Most Northern Virginia rehab deals involve properties from the 1960s through 1990s that need full interior renovation — kitchen, baths, flooring, electrical and plumbing updates — plus exterior improvement. Rehab budgets commonly run $60,000 to $150,000 for standard renovation projects. Loan requests fall between $150,000 and $1,000,000 for most Northern Virginia rehab deals.
WCLD reviews the full rehab scope before structuring a loan. A detailed line-item budget from a licensed contractor speeds up the review significantly. We look at whether the scope covers all material items, whether the budget is realistic for the market and scope, and whether the projected ARV is supported by current comparable sales data for renovated product at that finish level in the specific sub-market.
WCLD structures rehab loans with an acquisition component funded at closing and a rehab holdback released in draws as construction progresses. Draw requests are typically reviewed and funded within 48 hours after a WCLD inspection confirms work completion. The number of draws and milestone structure depend on the scope and loan size. Borrowers should have working capital available to start the renovation before the first draw is released — WCLD funds completed work, not work in progress.
Strong Northern Virginia rehab loans share common characteristics: an ARV supported by recent renovated comparable sales in the same sub-market, a realistic scope budget that accounts for all material costs including contingency, a licensed contractor in place or strong DIY/general contractor experience, and a clear exit strategy with a realistic timeline. Borrowers who come to the call prepared with a property address, purchase price, scope summary, and ARV estimate get a faster decision.
No. WCLD structures rehab loans with the renovation budget held back and released in draws as construction is completed and verified by inspection. The acquisition portion is funded at closing. This protects both WCLD and the borrower by tying loan disbursement to actual project progress.
WCLD targets 48-hour draw funding after a completed inspection confirms milestone completion. The actual timing depends on documentation, scope clarity, and project status at the time of the draw request. Having clean draw documentation ready before the inspection request speeds up the process.
WCLD funds everything from moderate cosmetic rehabs to full gut renovations including systems (electrical, plumbing, HVAC). Heavy scope projects — full gut with mechanical replacement — require a detailed line-item budget and a licensed contractor. The key requirement is a realistic scope with clear costs, not a scope level cap.
Having a licensed contractor identified — or strong documented experience managing renovations yourself — is important for gut and heavy scope projects. For lighter rehabs, WCLD reviews borrower experience and the scope plan together. Calling first to discuss your specific situation and contractor status is the best starting point.
WCLD reviews collateral, purchase price, after-repair value, full rehab budget, contractor qualifications, borrower experience, liquidity, title, timeline, and exit strategy for every Northern Virginia rehab loan. The rehab budget is reviewed line by line for scope completeness and cost realism before the loan is structured.
When due diligence is complete, WCLD can often close within 3 to 4 days after title binder and term approval. Eligible rehab draws can often be funded within 48 hours after WCLD inspection, depending on project status and documentation.
Use the WCLD Deal Analysis Calculator to review ARV, rehab budget, holding time, ROI, and projected profit before you commit to a project.
Call 703-350-4339 first. If it is easier, send the property address, purchase price, rehab or construction budget, ARV, and timeline through the contact form.
Loan terms, leverage, draw timing, and closing speed depend on collateral, title, borrower strength, project scope, market conditions, and WCLD underwriting. This page is informational and is not a commitment to lend.