Chula Vista Hard Money Lender – financing your residential & commercial real estate investments
Chula Vista is the second largest city in the San Diego metropolitan area and the seventh largest city in Southern California. Located southeast of downtown San Diego and just 7 miles from the Mexican border, the city is at the center of one of the richest economic and culturally diverse zones in the United States
Recent statistics show that investing in Chula Vista real estate might be a safe bet. The economy has steadily bounced back in Chula Vista since the 2008 recession. 67.8% of the population in Chula Vista have white collar jobs and the year-over-year change for rentals in Chula Vista is +5%.
- The majority of Californians rent rather than owning, making purchasing a rental property a good business
- Homes with 2-3 bedrooms are the easiest to rent
- The average family size in Chula Vista is 3.33
- Y-o-Y change for a 3 bedroom in Chula Vista is 4% (average rent $2,317)
Looking to buy a rental property? Consider working with a Chula Vista Hard Money Lender
The cost of living in Chula Vista has continued to increase over the past 10 years making home ownership difficult for people. Many Americans desire the single-family home lifestyle but just cannot afford to buy into it. Also, Millenials are delaying getting married and have massive school debt, and are not buying real estate. The number of Americans renting is incredibly high, leaving a great investment opportunity in rental income properties.
Rental properties have recently created a stable vehicle for investing money and creating wealth. As many look to purchase an investment rental property, some look for a Chula Vista hard money lender to finance their real estate purchase. Unlike traditional lenders, private money lenders focus more upon on the equity in a property relative to the borrower’s credit score. The underwriting and funding process can take place in a matter of days instead of weeks or months. Wilshire Quinn continues to fund hard money loans in Chula Vista and across the nation.
Asset Based Lending
Asset based lending means we base our loan amounts on the value of real estate, such as an investment property, multifamily building, or commercial building, rather than strictly on your credit score and debt to income levels. Wilshire Quinn takes pride in our common sense equity based lending. Wilshire Quinn is a Chula Vista hard money lender, with experience lending nationwide. As an experienced hard money lender we can handle even the most complicated of lending scenarios and care more about the real estate that you are purchasing or refinancing than inflexible bank requirements.
