Encinitas Hard Money Lender 2018-06-28T18:04:53+00:00

Encinitas
Hard Money Lender

A benefit to working with an Encinitas hard money lender like Wilshire Quinn is receiving funds fast! As a private money lender, we finance commercial and residential real estate loans up to $10M in about 5-7 days. Whether it is a purchase, refinance, cash out, or a multiple property loan; you can count on Encinitas hard money lender, Wilshire Quinn.

619.872.6000 | loans@wilshirequinn.com

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Hard Money Lenders (Home) » Encinitas Hard Money Lender

What is a Hard Money Loan?

A hard money loan is a short-term loan also known as a bridge loan, that is used until a person or company either secures permanent financing or removes the obligation through the sale of the property. Hard money loans generally have higher interest rates than conventional or bank loans, and are written for shorter periods of time. Typical hard money loans or bridge loans are 12 to 18 months in length. Wilshire Quinn loans do not exceed 60% of the appraised value of the property securing the loan.

Who Typically Uses a Hard Money Loan

  • Business owners looking to pull cash out of existing properties
  • People who want to close quickly
  • Borrowers who have multiple properties looking to cross collateralize
  • Investors looking to purchase rental properties
  • Investors who buy, repair, and immediately resell their property (Flippers)
  • Borrowers who cannot refinance with a traditional bank
  • Builders and more…
Encinitas hard money lender - real estateEncinitas hard money lender - rent trendsEncinitas hard money lender - real estateEncinitas hard money lender - private money

Encinitas Hard Money Lender – financing your residential and commercial real estate investments

Encinitas is a beach city in the North County area of San Diego County, California. Located within Southern California, it is approximately 25 miles (40 km) north of San Diego offering a unique blend of old-world charm and sophistication, and new-world culture.

According to Trulia.com, the median home value in Encinitas is $1,000,000. Encinitas home values have gone up 11% ($100,000) over the past year with no sign of a decline. The average price of a home in the United States, on the other hand, is just over $200,000. Like most Southern California coastal communities, the Encinitas real estate market is considered a luxury market, and although it is not as garish as the San Francisco market it is still well above most of America. Home prices in Encinitas over the past few years have steadily risen making it worth consideration when looking at buying an investment property.

Looking to buy an Encinitas investment property to rent out? Here’s why you should consider working with an Encinitas hard money lender

The cost of living in Encinitas 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.

  • The majority of Californians rent rather than owning, making purchasing a rental property a good business
  • Apartments with 1-2 bedrooms are the easiest to rent
  • The average family size in Encinitas is 2.47
  • Y-o-Y change for a 2 bedroom was 9% (average rent $2,200), and 3 bedroom was 6% (average rent $3,050)

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 Encinitas hard money lender to finance their real estate purchase. Unlike traditional lenders, private money lending institutions 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 Encinitas 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 Encinitas 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.

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Know Our Borrowers

Premier Encinitas Hard Money Lender, Lending Nationwide

I'm not one to typically write reviews but I was so impressed with Wilshire Quinn Capital's service I felt it needed to be shared. I'm a mortgage broker and I recently referred a client to Wilshire Quinn who didn't qualify for any of our programs and needed to fund quickly on a house. I spoke with Matt Mielke and he was not only able to provide a great loan for the client but funded it with time to spare! The client thanked me for connecting him with Matt and as that was the only way he could finance his dream home. It was nice to be able to refer a hard money lender that did what he said he was going to do. I highly recommend Wilshire Quinn Capital for any hard money lending.
Travis Smith
Travis Smith
20:45 21 Mar 18
The professionals at Wilshire Quinn are the best of the best. If you're not able to use a traditional lender, give these guys a call. They're extremely professional, knowledgeable and efficient!
Michaela Keilty
Michaela Keilty
17:47 21 Mar 18
The best!! They are trustworthy and professional. I highly recommend!!
Dan Fulkerson
Dan Fulkerson
23:26 19 Mar 18
Matthew and his team are the most professional efficient team I have ever worked with in all my 25 years in Finance they took a very tough loan and converted it into $400,000 in working capitol in less than 2 weeks the level of service was unmatched Matthew Mielke is an absolute rock star to deal with if he tells you he will call you at 3 the call happens at 2:30 thank you Matthew for all your help!Jason Roberts
Jason Roberts
Jason Roberts
22:42 31 May 18
Kris Lindley
Kris Lindley
21:56 26 Mar 18
Whether you are investing in secure first trust deed notes or need a hard money loan from a respected private lender, I recommend Wilshire Quinn.
Kris Pattison
Kris Pattison
18:07 28 Mar 18
I’ve dealt with them for 3 years and I’ve always had a great experience. No one should have any reservations about working with them.
arnie rissman
arnie rissman
21:36 15 May 18
A couple of years ago Chris Garcia and the team at Wilshire Quinn Capital were introduced to me through a good friend and business partner who has known Chris for many years. WQ has twice since then provided the ideal funding for my projects. They keep it simple. The deal terms, loan docs, appraisals and everything involved in the closing were clear, easy and fast. No headaches. The deals were fair. There have been no fine print surprises. They were prompt, clear in communications, flexible and friendly. They were patient through delays caused by me and others. I would highly recommend Wilshire Quinn to anyone.
Robert Noble
Robert Noble
19:15 16 May 18
This is a superb company to do business with.The customer service is always fast and accurate and gets the job done..When we needed help we had it in record time (three different times) to solve our financial needs...We can't say enough good things about doing business with Wilshire Quinn. Marvin and Arde Harris
arde harris
arde harris
16:16 17 May 18

Encinitas Hard Money Loans for Industrial Space

With e-commerce on the rise in Southern California, many are looking for industrial space to use as distribution centers. Imports from Asia are also growing making Encinitas a prime market for industrial space.

“When you think of industrial space, you have manufacturing space and distribution spaces, and when you think about all the distribution warehouses that are being used for e-commerce, it’s a real growth area,” Allen Matkins Operating Partner John Tipton said.

North County, the second most popular market in San Diego, is seeing a surge in new industrial development and leasing activity, with nearly 1M SF under construction since 2015. There are many advantages to working with an Encinitas hard money lender to purchase or refinance and industrial building. To find our more, contact us today!

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encinitas hard money lender commercial building

F.A.Q’s – Hard Money Loans 101

What is a hard money loan? 2018-05-16T17:56:49+00:00

A hard money loan is a real estate backed loan where a borrower receives funds secured by equity in their property (or properties). Hard money lenders like Wilshire Quinn are mainly focused on the equity in the property as opposed to borrower credit and financials. Hard money loans are typically short term ranging from 6 months up to 2 years.

What if my credit score is low? 2018-05-16T17:44:44+00:00

Hard money lenders like Wilshire Quinn primarily focus on the equity in the property to secure the loan. The borrowers credit is considered but is not a primary determinant in the underwriting process.

How long does the loan process take? 2018-05-30T22:54:06+00:00

After receiving a signed term sheet Wilshire Quinn typically funds a loan in 5 to 7 business days.

What type of properties do you lend on? 2018-05-30T22:54:31+00:00

Wilshire Quinn will consider a wide variety of property types including: office, retail centers, industrial, hotels, parking lots/structures, condo inventory, entitled land, multi-family properties, non-owner occupied single family homes, vacation homes and rentals, primer loan, bridge loan.

What types of loans does Wilshire Quinn originate? 2018-05-30T22:54:44+00:00

We will consider a wide variety of loan types including: purchase, refinance, cash-out refinance, partnership buyouts, rehabs, 1031 exchanges, value added acquisitions.

How do I submit a loan request? 2018-05-30T22:55:08+00:00

You can either complete our online loan application, email or call us directly. We would prefer to talk through your loan scenario as we can determine in a matter of minutes, once we have a few simple questions answered, if we have interest.

What is the cost of a hard money loan? 2018-03-26T21:57:22+00:00

Our interest rates typically range from 9% to 12%, interest-only. Lender origination points typically range from 2% to 5% of the loan amount. The borrower pays for standard closing costs (title, escrow, legal).

Your Trusted Encinitas Hard Money Lender

Ready to Finance a Real Estate Investment?

At Wilshire Quinn we control the lending process and can provide fast answers and quick closings for your hard money lending needs. We are a direct lender which means we can fund hard money loans fast. We lend private hard money loans in Encinitas up to $10M with funding available in about 5-7 days.

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Recently Funded Hard Money Loan Transactions

Encinitas Hard Money Lender Wilshire Quinn
La Jolla, CA

Loan Amount: $2,435,000
Loan Type:  Refinance
Property Type: Single Family
Loan-To-Value: 62%
Term: 12 Months

Encinitas hard money lender - refinance deal
San Diego, CA.

Loan Amount: $2,500,000
Loan Type:  Purchase / Rehab
Property Type: Multi-Family
Loan-To-Value: 60%
Term: 12 Months

Santa Barbara hard money lender retail center
Vista, CA

Loan Amount: $2,215,000
Loan Type:  Purchase / Rehab
Property Type: Retail Center
Loan-To-Value: 59%
Term: 18 Months

Call us now at 619.872.6000 and speak directly to a decision maker. Get a pre-approval from an Encinitas hard money lender within 24 hours and funding in about 5-7 days.

Encinitas Hard Money Lender - Wilshire Quinn Logo

Wilshire Quinn Capital, Inc.
2550 Fifth Avenue, Suite 1070
San Diego, CA 92103


E: loans@wilshirequinn.com
P: (619) 872-6000
F: (619) 872-6010

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Partner with a direct lender you can trust.

Customer Service

At Wilshire Quinn you’ll get the friendly guidance you need to help you through the private money loan process. We’ll make sure the loan terms work for you and for your project or we won’t fund the loan. Submit a loan scenario today to quickly hear back from one of our representatives.

Wilshire Quinn Capital Rated 5 / 5 based on 12 reviews. | Review Me