Fix and Flip Loans
Wilshire Quinn offers fix and flip loans for real estate projects up to $20M in California and Nationwide. Real estate investors regularly work with Wilshire Quinn for their fix and flip loans because of our speed in financing and reliability. As a direct lender, we are able to give pre-approvals in 24 hours and fund in 5-7 days. Read more about our fix and flip loan program below and contact us for a pre-approval.
Wilshire Quinn is a direct private money lender specializing in bridge loans. Closing times average 5-7 days for fix and flip loans with Wilshire Quinn.
619.872.6000 | loans@wilshirequinn.com
Get Current Rates on Fix and Flip Loans
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AS SEEN ON
| Fix and Flip Loans | |
|---|---|
| LOAN PURPOSE | Single property loan for experienced investors – purchase and rehab costs |
| INTEREST RATE | 7.5% – 11%, interest only payments |
| LOAN AMOUNT | $200,000 – $20,000,000 |
| TERM | 6 months -24 months |
| MAXIMUM LOAN-TO-VALUE (LTV) | 60% of After Repair Value (ARV) |
| MAXIMUM LOAN-TO-PURCHASE | 80% |
| PROPERTY TYPES | Non-Owner Occupied:
|
Real estate investors prefer Fix and Flip Loans with Wilshire Quinn
As a hard money lender, we are able to underwrite your fix and flip loan fast and get a pre-approval letter within about 24 hours. A benefit to working with a direct private money lender is receiving funding in 5-7 days. Wilshire Quinn realizes the complexities of financing fix and flip loans. Our successful track record as a fix and flip lender is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach. The emphasis on in-house loan origination allows our borrowers to move forward with confidence in our fix and flip loan program.
Speak with an underwriter about Fix and Flip Loans. Give us a call: 619-872-6000
Fix and Flip Loans
Are you looking for short term financing for a Fix and Flip project?
Our Fix & Flip Loans are designed for investors who need funding to flip a single investment property. Speak with a representative today to find out if we can finance your project!
Recently Funded Hard Money Loans
LOS ANGELES, CA
Loan Amount: $16,025,000
Loan Type: Blanket Refinance
Property Type: Hospitality
Loan-To-Value: 43%
Term: 12 Months
DENVER, CO
Loan Amount: $2,520,000
Loan Type: Purchase
Property Type: Assisted Living
Loan-To-Value: 59%
Term: 12 Months
LOS ANGELES, CA
Loan Amount: $10,675,000
Loan Type: Refinance
Property Type: Parking Structure/Retail
Loan-To-Value: 52%
Term: 12 Months
LAKE OSWEGO, OR
Loan Amount: $1,500,000
Loan Type: Purchase (Blanket)
Property Type: Single-Family
Loan-To-Value: 61%
Term: 12 Months
Know Our Borrowers!
We finance private money loans nationwide.
F.A.Q’s – Bridge Loans
After receiving a signed term sheet, Wilshire Quinn typically funds a loan in five to seven business days.
Wilshire Quinn will consider a wide variety of property types including: office, retail centers, industrial, hotels, parking lots/structures, condo inventory, entitled land, multifamily properties, non-owner-occupied single-family homes, vacation homes and rentals, primer loans and bridge loans.
We will consider a wide variety of loan types including: purchase, refinance, cash-out refinance, partnership buyouts, rehabs, 1031 exchanges and value-added acquisitions.
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 in a matter of minutes, once we have a few simple questions answered, if we have interest.
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.
A bridge loan is a real estate backed loan where a borrower receives funds secured by equity in their property (or properties). Bridge lenders like Wilshire Quinn are mainly focused on the equity in the property as opposed to borrower credit and financials. Bridge loans are typically short term ranging from 6 months up to 2 years.
Bridge lenders like Wilshire Quinn primarily focus on a property’s equity in the property to secure the loan. The borrower’s credit is considered, but is not a primary determinant in the underwriting process.
Our interest rates typically range from 8.5% to 10.5%, interest-only. Lender origination points typically range from 1% to 5% of the loan amount. The borrower pays for standard closing costs (title, escrow, legal).
Streamlined Process & Approval within 24 hours
Funding typically in 5-7 days
We are a Direct Lender; not a broker
Foreign nationals – OK
Refinance, purchase, blanket, refinance, rehab loans
Commercial, residential, multifamily, most property types considered
Special use buildings: car wash, gym, parking lot, assisted living facilities, mobile home park
Call us now at 619.872.6000 and speak directly to a decision maker. Get a pre-approval from fix and flip lenders within 24 hours and funding in about 5-7 days.
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
Submit a loan application
Get a pre-approval for Fix and Flip Loans today!
Customer Service
At Wilshire Quinn you’ll get the friendly guidance you need to help you through the fix and flip 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.
