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How to Find Real Estate Hard Money Lenders

It’s not difficult to find hard money lenders. Real estate investing is common, and many are willing to take a chance on you.

Real estate is proven to be a resilient and reliable investment for wealth-building. Because of the high entry cost of buying properties, some people are afraid they cannot afford to get in the game.

However, sometimes working with a hard money lender is a better financing option than a traditional loan. If hard money lending is a new concept to you, it can be challenging knowing where to look for help.

So, where do you look for hard money lenders? When does it make sense to work with one?

Hard money lenders might not be the cheapest loan, but worthwhile for many investors.

How Does a Hard Money Loan Work?

Traditional loans evaluate you based on your credit score, credit history, and income level. They use that information to determine the likelihood that you will repay the loan.

On the other hand, hard money loans rely on an asset like real property to back your financing. The value of the investment property and the deal you negotiated have more influence on the hard money lender’s decision.

Although hard money lenders do not necessarily ignore your credit score, it’s not as critical as it is to a standard lender. They still look for red flags like bankruptcies, foreclosures, and IRS tax liens to get an idea of how you managed past assets.

How to Find Real Estate Hard Money Lenders
How to Find Real Estate Hard Money Lenders

Why Get A Hard Money Loan?

Even seasoned investors can have blemishes on their credit report.

Without stellar credit, that could make it harder for some investors to get traditional loans. However, hard money lenders aren’t as concerned with your credit as they are with the underlying asset.

Since hard money lenders usually loan money for investment properties rather than primary residences, they might be in a state of disrepair. Traditional real estate lenders aren’t as willing to lend money for a property that needs a lot of work.

Consequently, hard money loans are standard for “fix and flip,” rental and multifamily properties (multiplex or apartment complex). Typically these properties need repair before they can begin producing income.

Hard money loans have a much faster and easier approval process, ideal for an investor with a low credit score or needs to close immediately.

How Do I Find a Hard Money Lender?

Hard money lenders are not necessarily banks. They tend to specialize in real estate investments so that they may be investment capital or equity companies.

If hard money lending is new to you, a simple internet search for a lender in your area will yield dozens of results. Search LinkedIn or investing websites for lenders and contact them by email or phone.

On the local level, you can contact real estate agents who specialize in facilitating hard money loans. You could also get involved in a local real estate investment association and make contacts.

Each lender will have different requirements, like investing experience, property value, minimum credit score, and loan to value ratios. It’s essential to cultivate a relationship with the lender so you can work together quickly when investment opportunities arise.

Loans are made or arranged by Wilshire Quinn Income Fund, LLC (the “Fund”) pursuant to California Finance Lenders Law license #603J060.  The information contained above is for informational purposes only and is meant to provide general background information on the Fund and its manager, Wilshire Quinn Capital, Inc.  Any and all information is deemed reliable but is not guaranteed.

  • Funding typically in 5-7 business days
  • Loan Amounts from $200,000 to $20,000,000

  • Interest Rates from 8% to 10.5%
  • Loan Term: 3 – 24 months

  • Commercial & Residential (non-owner occupied) Real Estate

  • Purchase, Refinance, Cash-out Refinance, Rehab, Blanket Loans
  • Foreign National Loans Available


About Wilshire Quinn

Wilshire Quinn is a San Diego hard money lender focused on short term bridge loans, secured by first trust deeds. The company is based in San Diego, CA with offices in Los Angeles and San Francisco. Wilshire Quinn typically funds loans for their customers in 5-7 days. Their successful track record is closely linked to their ability to make immediate lending decisions based on their highly disciplined underwriting approach. The company funds a variety of loans such as: refinance, purchase, blanket, rehab loans, 1031 exchange, partnership buyouts, and more. They originate hard money loans ranging from $200,000 – $20,000,000. Wilshire Quinn works with commercial and residential buyers nationwide.

Recently Funded Hard Money Loan Transactions

Loan Amount: $15,575,000 Loan Type: Blanket Construction Property Type: Industrial Loan-To-Value: 62% Term: 12 Months
UKIAH, CA Loan Amount: $6,575,000 Loan Type: Purchase Property Type: Self Storage Loan-To-Value: 61% Term: 7 Months BONITA, CA Loan Amount: $3,450,000 Loan Type: Purchase Property Type: Office Loan-To-Value: 61% Term: 18 Months LOS ANGELES, CA Loan Amount: $10,675,000 Loan Type: Refinance Property Type: Parking Structure/Retail Loan-To-Value: 52% Term: 12 Months

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