How Wilshire Quinn Evaluates Borrowers: Loan Criteria Explained
When it comes to asset-based lending, Wilshire Quinn Capital stands out for its speed, flexibility, and practical approach. Whether you’re a real estate investor, developer, or business owner seeking capital, understanding the loan criteria Wilshire Quinn uses to evaluate borrowers can significantly improve your chances of approval.
In this blog, we’ll break down Wilshire Quinn’s evaluation process and loan criteria, explaining not just what they look for, but why these factors matter. From asset value to credit history and borrower experience, this guide helps you navigate the lending process with confidence.
Understanding Wilshire Quinn’s Lending Philosophy
Wilshire Quinn Capital is a private money lender known for closing fast, often in 5–7 business days. Unlike traditional lenders, they don’t base loan approvals primarily on personal credit or income. Instead, their focus is on the asset itself—the real estate property used as collateral.
They offer bridge loans, refinance loans, and purchase loans across various property types, including single-family, multifamily, commercial, and industrial assets. This asset-based approach enables them to work with borrowers who may not qualify through conventional banks.
Loan Criteria Wilshire Quinn Uses to Evaluate Borrowers
So, what does Wilshire Quinn actually look for when reviewing a loan application? While each deal is unique, there are several core criteria that influence their decision.
1. Property Value and Collateral Quality
The most important factor in Wilshire Quinn’s lending process is the value of the real estate asset. Since the loan is secured by property, it’s essential that the asset has strong equity.
They typically lend up to 60–65% of the property’s current market value (Loan-to-Value ratio). Properties in prime locations with stable or appreciating markets are more likely to get approved quickly. A recent appraisal or Broker Price Opinion (BPO) is often used to assess value.
If the borrower is looking to refinance or pull equity, Wilshire Quinn assesses how much value is currently built into the property and whether there’s potential for further appreciation.
2. Borrower’s Experience and Track Record
While personal credit isn’t the primary focus, a borrower’s experience in real estate or business matters is. Wilshire Quinn appreciates borrowers who have successfully completed previous transactions or development projects. This helps them gauge the borrower’s ability to manage the property and the loan.
However, even if you’re a first-time borrower, you won’t be automatically disqualified. What matters is transparency, the strength of the deal, and your ability to demonstrate a clear repayment strategy.
3. Purpose of the Loan
Wilshire Quinn evaluates the intended use of the loan funds. Whether it’s for purchasing a new property, refinancing an existing one, or funding renovations, the purpose helps determine the level of risk involved.
For instance, short-term bridge loans used to secure time-sensitive purchases with a clear exit strategy are often favoured. The more specific and logical the loan purpose, the better your chances of approval.
4. Exit Strategy and Loan Repayment Plan
Every lender wants to know how they’ll be repaid, and Wilshire Quinn is no exception. They place significant emphasis on a borrower’s exit strategy.
This could include:
- Selling the property
- Refinancing with a conventional lender
- Generating rental income
- Liquidating other assets
The stronger and more realistic the exit strategy, the more comfortable Wilshire Quinn will feel approving the loan.
5. Title and Legal Standing of the Property
Before approving a loan, Wilshire Quinn conducts a thorough title check. The property must be free of legal disputes, liens, or unresolved title issues. This protects both the borrower and the lender.
Any existing loans or encumbrances are factored into the loan terms. If the property has a clean title and is in good legal standing, the funding process becomes smoother and faster.
6. Property Condition and Marketability
The condition of the property also plays a role in the evaluation. Wilshire Quinn typically funds properties that are in good condition or have a clear plan for renovation.
For fix-and-flip or construction projects, they’ll want to see timelines, permits, and contractor details. The easier it is to market or resell the property, the less risk the lender assumes.
7. Loan Amount and Term Requested
Loan size is another factor. Wilshire Quinn typically funds loans ranging from $200,000 to $20 million. The requested loan amount must align with the property’s value and the borrower’s ability to repay within the agreed timeframe, usually 12 to 24 months.
If the terms seem overextended or the amount exceeds the property’s capacity, they may counteroffer a revised structure that fits better within their risk model.
8. Location and Market Trends
Location is key in real estate, and Wilshire Quinn pays close attention to this. Properties in high-demand urban areas, growth corridors, or stable suburban markets are viewed more favourably than those in declining or oversupplied regions.
Market trends like property appreciation, inventory levels, and rental demand all help determine how secure the asset is.
9. Borrower Communication and Responsiveness
Though not a formal criterion, how borrowers communicate during the evaluation process matters. Promptly submitting required documents, responding to inquiries, and maintaining transparency help speed up approval and build trust.
Wilshire Quinn values professionalism and works best with borrowers who treat the process as a business transaction, because it is.
How to Improve Your Chances of Approval
Understanding Wilshire Quinn’s criteria is just the first step. To improve your odds of approval and get better loan terms, preparation is key.
Tips for Strengthening Your Loan Application
- Have a recent property appraisal or BPO ready
- Clearly define your loan purpose and exit strategy
- Share past real estate or business experience if applicable
- Provide complete and accurate documentation
- Address any property issues or risks upfront
- Be responsive and communicative throughout the process
Even if your financial background isn’t ideal, a strong asset and a clear plan can make all the difference. That’s the advantage of working with a lender like Wilshire Quinn—they look at the whole picture, not just a credit score.
FAQs
- Do I need good credit to qualify for a loan from Wilshire Quinn?
Not necessarily. Wilshire Quinn focuses more on the value of the asset and the borrower’s plan than on credit scores. - How long does the loan approval process take?
Most loans are approved and funded within 5–7 business days, depending on document submission and property review. - What is the maximum loan-to-value (LTV) ratio Wilshire Quinn offers?
Typically up to 60–65% of the property’s current market value. - Can first-time borrowers apply?
Yes. Experience helps, but it’s not mandatory. A strong deal and clear exit strategy can outweigh a lack of experience. - What types of properties does Wilshire Quinn lend on?
They lend on residential (non-owner occupied), commercial, multi-family, industrial, and some specialty-use properties. - What is an acceptable exit strategy?
Examples include selling the property, refinancing, or using rental income. The key is that it’s realistic and achievable. - Are there any geographic restrictions for borrowers?
Wilshire Quinn lends nationwide, but properties in high-demand markets are more likely to be approved.