Imperial Beach Hard Money LenderLeonard Bruno2018-08-10T20:48:23+00:00

Imperial Beach
Hard Money Lender

We are an Imperial Beach hard money lender financing commercial and residential real estate loans up to $10M. As a direct private lender, we are able to fund hard money loans in Imperial Beach in about 5-7 days. We know that time is of the essence for borrowers who may be seeking a private money loan or hard money loan in Imperial Beach. If you are looking for fast funding, a hard money loan may be a good solution for you. Whether it is a purchase, refinance, cash out, or a multiple property loan; you can count on Imperial Beach hard money lender, Wilshire Quinn.

619.872.6000 | loans@wilshirequinn.com

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Hard Money Lenders (Home) » Imperial Beach Hard Money Lender

What is a Hard Money Loan?

A hard money loan is a short-term loan also known as a bridge loan, that is used until a person or company either secures permanent financing or removes the obligation through the sale of the property. Hard money loans generally have higher interest rates than conventional or bank loans, and are written for shorter periods of time. Typical hard money loans or bridge loans are 12 to 18 months in length. Wilshire Quinn loans do not exceed 60% of the appraised value of the property securing the loan.

Who Typically Uses a Hard Money Loan

Business owners looking to pull cash out of existing properties
People who want to close quickly
Borrowers who have multiple properties looking to cross collateralize
Investors looking to purchase rental properties
Investors who buy, repair, and immediately resell their property (Flippers)
Borrowers who cannot refinance with a traditional bank
Builders and more…

Imperial Beach Hard Money Lender - Breakwater Shopping center

Imperial Beach hard money lender - Vacation Rental investment properties

Imperial Beach hard money lender - new housing development

Imperial Beach Hard Money Lender – financing your residential and commercial real estate investments

Imperial Beach is the most southwesterly beach city in the United States. Minutes from the International Mexican border and just south of Coronado Beach, Imperial Beach is a hidden gem in San Diego County. Imperial Beach has a small town feel with many mom-and-pop stores and shops for tourists to visit.

With the recent addition of a luxury hotel on the beach, new commercial shopping centers, luxury condo developments, and the Navy Seal training facility, Imperial Beach is experiencing noticeable growth. According to Trulia, Imperial Beach market trends indicate an increase of $47,500 (9%) in median home sales over the past year.

According to Zillow, the median home value in Imperial Beach is $562,000. The average price of a home in Coronado is $1,550,000 only 10 miles north of Imperial Beach. Although the prices have risen over the last year, Imperial Beach is still considered one of the last affordable beaches on the west coast. Many investors are looking to Imperial Beach for fix-and-flip opportunities while others are purchasing beach properties as vacation rentals.

Looking to buy an investment property to rent out? Here’s why you should consider working with an Imperial Beach hard money lender

The cost of living in Imperial Beach has continued to increase over the past 10 years making home ownership difficult for people. Many Americans desire the single-family home lifestyle but just cannot afford to buy into it. Also, Millenials are delaying getting married and have massive school debt, and are not buying real estate. The number of Americans renting is incredibly high, leaving a great investment opportunity in rental income properties.

The majority of Californians rent rather than owning, making purchasing a rental property a good business
Apartments with 2-3 bedrooms are the easiest to rent
The average family size in Imperial Beach is 2.83
Y-o-Y change for a 3 bedroom in Imperial Beach is 5% (average rent $2,205)

Rental properties have recently created a stable vehicle for investing money and creating wealth. As many look to purchase an investment rental property, some look for a Imperial Beach hard money lender to finance their real estate purchase. Unlike traditional lenders, private money lending institutions focus more upon on the equity in a property relative to the borrower’s credit score. The underwriting and funding process can take place in a matter of days instead of weeks or months. Wilshire Quinn continues to fund hard money loans in Imperial Beach and across the nation.

Asset Based Lending

Asset based lending means we base our loan amounts on the value of real estate, such as an investment property, multifamily building, or commercial building, rather than strictly on your credit score and debt to income levels. Wilshire Quinn takes pride in our common sense equity based lending. Wilshire Quinn is an Imperial Beach hard money lender, with experience lending nationwide. As an experienced Imperial Beach hard money lender we can handle even the most complicated of lending scenarios and care more about the real estate that you are purchasing or refinancing than inflexible bank requirements.

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Know Our Borrowers

Premier Imperial Beach Hard Money Lender, Lending Nationwide

I'm not one to typically write reviews but I was so impressed with Wilshire Quinn Capital's service I felt it needed to be shared. I'm a mortgage broker and I recently referred a client to Wilshire Quinn who didn't qualify for any of our programs and needed to fund quickly on a house. I spoke with Matt Mielke and he was not only able to provide a great loan for the client but funded it with time to spare! The client thanked me for connecting him with Matt and as that was the only way he could finance his dream home. It was nice to be able to refer a hard money lender that did what he said he was going to do. I highly recommend Wilshire Quinn Capital for any hard money lending.

Travis Smith

20:45 21 Mar 18

The professionals at Wilshire Quinn are the best of the best. If you're not able to use a traditional lender, give these guys a call. They're extremely professional, knowledgeable and efficient!

Michaela Keilty

17:47 21 Mar 18

The best!! They are trustworthy and professional. I highly recommend!!

Dan Fulkerson

23:26 19 Mar 18

Matthew and his team are the most professional efficient team I have ever worked with in all my 25 years in Finance they took a very tough loan and converted it into $400,000 in working capitol in less than 2 weeks the level of service was unmatched Matthew Mielke is an absolute rock star to deal with if he tells you he will call you at 3 the call happens at 2:30 thank you Matthew for all your help!Jason Roberts

Jason Roberts

22:42 31 May 18

Kris Lindley

21:56 26 Mar 18

Whether you are investing in secure first trust deed notes or need a hard money loan from a respected private lender, I recommend Wilshire Quinn.

Kris Pattison

18:07 28 Mar 18

I’ve dealt with them for 3 years and I’ve always had a great experience. No one should have any reservations about working with them.

arnie rissman

21:36 15 May 18

A couple of years ago Chris Garcia and the team at Wilshire Quinn Capital were introduced to me through a good friend and business partner who has known Chris for many years. WQ has twice since then provided the ideal funding for my projects. They keep it simple. The deal terms, loan docs, appraisals and everything involved in the closing were clear, easy and fast. No headaches. The deals were fair. There have been no fine print surprises. They were prompt, clear in communications, flexible and friendly. They were patient through delays caused by me and others. I would highly recommend Wilshire Quinn to anyone.

Robert Noble

19:15 16 May 18

This is a superb company to do business with.The customer service is always fast and accurate and gets the job done..When we needed help we had it in record time (three different times) to solve our financial needs...We can't say enough good things about doing business with Wilshire Quinn. Marvin and Arde Harris

arde harris

16:16 17 May 18

Wilshire Quinn was extremely professional and they have the staff to make sure all issues are addressed quickly.

David Kurniadi - the Kurniadi Group

02:57 16 May 18

Great team to work with! Very efficient process which allowed us to meet a fast approaching refinance deadline with time to spare. I would highly recommend working with them.

Ankur Patel

01:45 05 Mar 19

The Wilshire Quinn team did an excellent job in a short time frame. I feel their rates and ‘products’ are competitive. Where I feel they distance themselves from the competitors is their commitment to customer satisfaction. Every project has challenges and they are dedicated to working with their clients to ensure satisfaction, which is not commonplace in the market these days.

242 Baldwin

22:00 02 May 19

Wilshire Quinn gave me a competitive quote and followed up with a quick, hassle-free escrow and closing. I am happy with their service and would recommend them to friends and business associates.

Ron Gerber

17:44 04 May 19

Working with them is easy and efficient. I enjoy the process and the ease of everything. I would recommend trying them for your needs.

joseph phelan

22:32 03 May 19

Wilshire Quinn has a great team of experts that always move quickly on my transactions. I would recommend them highly to anyone looking to get top-notch financing quickly and without hassle.

Justin Mecklenborg

16:19 06 May 19

Wilshire Quinn Capital works for individual investors seeking consistent returns on their capital; as well as investors , builders or homeowners seeking bridge loans to expand their businesses and improve their real estate investments. Always on time and ready, willing and able to serve their customers, Wilshire Quinn prioritizes customer service. In a nutshell, Wilshire Quinn is a one stop shop for great returns, and most efficient and reliable approach to obtaining a hard money bridge loan. I wouldn't consider going anywhere else.

Kip Lee

20:05 06 May 19

We have trusted Wilshire Quinn with our investing since the inception of the company and have never been disappointed. The care and professionalism they put into every transaction instills confidence and trust. We highly recommend this company.

Gene Kapetan

18:17 06 May 19

It was a pleasure to work with Wilshire Quinn Capital, Inc. They are highly professional, knowledgeable, responsive and quick to return calls. I was most impressed with the turnaround and how quickly and conveniently the escrow check was disbursed. This is my second time working with Wilshire Quinn on mortgage financing and have never been disappointed. I will recommend Wilshire Quinn to every person I know who is in need of financing.

RishiRia Barkataki

22:08 13 May 19

Wilshire Quinn is great. Great staff and very transparent and honest. I am very pleased what what they have done for me thus far.

Sam Godkin

18:54 13 May 19

Wilshire Quinn has been a lending agency I, We, have utilized for the past 5+ years. The integrity of the entire company is professional, and the process of each phase of the lending is complementary to all parties involved. I highly recommend their services; small or in large lending capacity.

HBGS Treasurer

22:10 28 May 19

I have worked with Wilshire Quinn for several years. Chris Garcia and his staff have always handled my investments with amazing professionalism and with the utmost personal care. I highly recommend utilizing their agency and their services,

Debra Ryder

16:59 21 Aug 19

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F.A.Q’s – Hard Money Loans 101

What is a hard money loan?Daniel Goldberg2019-05-29T22:14:54+00:00

What is a hard money loan?

A hard money loan is a real estate-backed loan where a borrower receives funds secured by equity in their property (or properties). Hard money lenders like Wilshire Quinn are mainly focused on the equity in the property as opposed to borrower credit and financials. Hard money loans are typically short-term ranging from six months up to two years.

What if my credit score is low?Leonard Bruno2019-05-29T22:20:21+00:00

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 underwriting process.

How long does the loan process take?Leonard Bruno2019-05-29T22:31:55+00:00

How long does the loan process take?

After receiving a signed term sheet, Wilshire Quinn typically funds a loan in five to seven business days.

What type of properties do you lend on?Daniel Goldberg2019-06-11T18:38:06+00:00

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, entitled land, multifamily properties, non-owner-occupied single-family homes, vacation homes and rentals, primer loans and bridge loans.

What types of loans does Wilshire Quinn originate?Leonard Bruno2019-06-11T18:35:30+00:00

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.

How do I submit a loan request?Daniel Goldberg2019-06-11T18:37:24+00:00

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 in a matter of minutes, once we have a few simple questions answered, if we have interest.

What is the cost of a hard money loan?Leonard Bruno2019-05-29T22:54:15+00:00

What is the cost of a hard money loan?

Our interest rates typically range from 8.5% to 12%, 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).

Where does Wilshire Quinn lend?Daniel Goldberg2019-06-11T18:37:04+00:00

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.

Your Experienced Imperial Beach Hard Money Lender

Ready to Finance a Real Estate Investment?

At Wilshire Quinn we control the lending process and can provide fast answers and quick closings for your hard money lending needs. We are a direct Imperial Beach hard money lender which means we can fund hard money loans fast. We lend private hard money loans in Imperial Beach up to $10M with funding available in about 5-7 days.

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Recently Funded Hard Money Loan Transactions

Imperial Beach Hard Money Lender - recent IB Property

Imperial Beach, CA

Loan Amount: $2,450,000
Loan Type: Purchase / Rehab
Property Type: Multi-Family / Single Family
Loan-To-Value: 60%
Term: 12 Months

Imperial Beach hard money lender - refinance deal

San Diego, CA.

Loan Amount: $2,500,000
Loan Type: Purchase / Rehab
Property Type: Multi-Family
Loan-To-Value: 60%
Term: 12 Months

Vista, CA

Loan Amount: $2,215,000
Loan Type: Purchase / Rehab
Property Type: Retail Center
Loan-To-Value: 59%
Term: 18 Months

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 like: car wash, gym, parking garages/lots, 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 an Imperial Beach hard money lender 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

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Partner with a direct lender you can trust.

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Customer Service

At Wilshire Quinn you’ll get the friendly guidance you need to help you through the private money 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.

Imperial Beach Hard Money Lender