Can I use a multi family loan as part of a 1031 exchange?
Absolutely. Our multi family loans can be used in conjunction with a 1031 exchange to help you meet the IRS deadline and secure your replacement property quickly. [...]
What loan terms are available for multi family home financing?
Loan terms vary based on the deal structure, but we typically offer short-term bridge loans ranging from 12 to 36 months.
Is there a minimum credit score required?
While credit is considered, we are an asset-based lender and place more emphasis on the value and income potential of the property than a traditional lender would. [...]
What is the typical loan amount available for multi family home financing?
Wilshire Quinn offers multi family loans ranging from $500,000 up to $20,000,000, depending on the property type, location, and borrower qualifications.
Can I get a multi family loan for a property under renovation?
Yes, we provide rehab financing options as part of our multi family home loan programs, making it easier to invest in value-add opportunities.
What types of properties qualify for multifamily housing loans?
Qualifying properties include duplexes, triplexes, fourplexes, apartment buildings, and mixed-use properties with residential components.
How fast can I get approved and funded for a multi family loan with Wilshire Quinn?
We offer pre-approval within 24 to 48 hours and funding within 5 to 7 days. Our process is ideal for investors who need to close quickly in competitive markets. [...]
Who qualifies for a multi family home loan?
Eligibility typically depends on factors like credit score, down payment, rental income, property location, and debt-to-income ratio. Both individual investors and entities (LLCs, corporations) can qualify for multi family [...]