What is a private money loan?
private money loan Private Money Loan A private money loan is a real estate-backed loan where a borrower receives funds secured by equity in their property (or properties). Private [...]
What is the cost of a private money loan?
Our interest rates typically range from 9% to 12%, interest-only. Lender origination points typically range from 1% to 5% of the loan amount. The borrower pays for standard closing [...]
What if my credit score is low?
Hard money lenders like Wilshire Quinn primarily focus on a property’s equity to secure the loan. The borrower’s credit is considered, but is not a primary determinant in the [...]
How long does it take for Wilshire Quinn to fund a loan?
After receiving a signed term sheet we typically fund in 5 to 7 business days.
Where does Wilshire Quinn lend?
Most of our portfolio is in California but we do have the ability to lend nationwide. We strongly prefer to lend in major-metropolitan areas.
How do I submit a loan request?
You can either complete our online loan application, email or call us. We would prefer to talk through your loan scenario directly, as we can determine whether your parking [...]
What types of loans does Wilshire Quinn originate?
We will consider a wide variety of loan types including: purchase, refinance, cash-out refinance, partnership buyouts, rehabs, 1031 exchanges and value-added acquisitions including parking lot loans. [...]
What type of properties do you lend on?
Wilshire Quinn will consider a wide variety of property types including: office, retail centers, industrial, hotels, parking lots/structures, condo inventory, multifamily properties, non-owner-occupied single-family homes, vacation homes and rentals, [...]