Hard Money Lenders (Home) » Blog » Bridge Loan » Are Bridge Loans Hard to Obtain?

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.

How Fast Can You Close with a Bridge Loan?

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.

Are Bridge Loans Hard to Obtain?

Are Bridge Loans Designed for Commercial or Residential Real Estate? 

Bridge loans with Wilshire Quinn Capital can be used for both commercial and non-owner-occupied residential real estate transactions. Commercial real estate investors use bridge loans as a form of short-term financing while long-term loans are in the process of being obtained. Having the ability to quickly close on a real estate transaction is critical in this fast-moving market.

Investment property owners can also use a bridge loan to secure a non-owner-occupied residential property before their existing real estate is sold. For example, let’s say that you found the perfect investment property and the seller wants to close in two weeks. Meanwhile, your current property is under contract but isn’t expected to close for five weeks.

Instead of letting the deal on your dream investment property fall through, you can use a bridge loan to fill the cash shortage. Once your existing property sells, you pay off the bridge loan.

Partnering with the Right Lender

Obtaining a bridge loan should not be difficult, which is why working with the right lender can make all the difference. It’s important to have an experienced lender helping you throughout the qualification process.

At Wilshire Quinn, we have provided rapid and reliable funding to our borrowers since 2011. Reach out to a team member today to discuss your loan scenario.

  • Funding typically in 5-7 business days
  • Loan Amounts from $200,000 to $20,000,000

  • Interest Rates from 7.5% to 11%

  • Loan Term: 3 – 24 months

  • Commercial & Residential (non-owner occupied) Real Estate

  • Purchase, Refinance, Cash-out Refinance, Rehab, Blanket Loans
  • Foreign National Loans Available


About Wilshire Quinn

Wilshire Quinn is a San Diego hard money lender focused on short term bridge loans, secured by first trust deeds. The company is based in San Diego, CA with offices in Los Angeles and San Francisco. Wilshire Quinn typically funds loans for their customers in 5-7 days. Their successful track record is closely linked to their ability to make immediate lending decisions based on their highly disciplined underwriting approach. The company funds a variety of loans such as: refinance, purchase, blanket, rehab loans, 1031 exchange, partnership buyouts, and more. They originate hard money loans ranging from $200,000 – $20,000,000. Wilshire Quinn works with commercial and residential buyers nationwide.

Recently Funded Hard Money Loan Transactions

Loan Amount: $15,575,000 Loan Type: Blanket Construction Property Type: Industrial Loan-To-Value: 62% Term: 12 Months
UKIAH, CA Loan Amount: $6,575,000 Loan Type: Purchase Property Type: Self Storage Loan-To-Value: 61% Term: 7 Months BONITA, CA Loan Amount: $3,450,000 Loan Type: Purchase Property Type: Office Loan-To-Value: 61% Term: 18 Months LOS ANGELES, CA Loan Amount: $10,675,000 Loan Type: Refinance Property Type: Parking Structure/Retail Loan-To-Value: 52% Term: 12 Months

Submit a loan application

Partner with a Hard Money Lender you can trust.

By |August 24th, 2023|Categories: Bridge Loan|Tags: |
Call Now ButtonCall Now