Are Bridge Loans Hard to Obtain?

Are you a property owner with equity tied up in existing real estate? How about a real estate investor looking to enter the fast-moving market? Regardless of your real estate goals, it’s important that you understand all of your funding options.

Bridge loans are often overlooked as expensive – but they may just be the solution to your funding needs. Wilshire Quinn Capital offers flexibility to qualify, giving you the opportunity to secure a loan to move forward with your next real estate investment.

What is the Qualification Process for Bridge Loans?

The qualification process is based on a property-to-property basis. You can either complete our online loan application, email, or call us. At Wilshire Quinn Capital, we prefer to talk through your loan scenario directly, as we can determine interest in a matter of minutes once we have a few simple questions answered.

If we do have interest then we will issue a term sheet within 24 hours.

Do Bridge Loans Have Credit Requirements?

Although your credit is pulled, the ultimate lending decision is based on other factors, such as collateral. Bridge loans are almost always secured by some form of collateral. This could be the equity in your existing real estate or the property being purchased.

If your credit is lower, you can still be approved for a bridge loan, but it may affect the terms presented. This could be a higher interest rate or specific repayment terms. Nevertheless, bridge loans are not a long-term funding solution, so higher interest rates may be immaterial.

Loans are made or arranged by Wilshire Quinn Income Fund, LLC (the “Fund”) pursuant to California Finance Lenders Law license #603J060. The information contained in this message is for informational purposes only and is meant to provide general background information on the Fund and its manager, Wilshire Quinn Capital, Inc. (the “Manager”). Any and all information herein is deemed reliable but is not guaranteed.