Nevada Hard Money Lender
You can’t talk about Nevada without mentioned its multi-billion dollar tourism and gaming industry. The tourism industry remains the Silver State’s largest employer, hiring over 400,000 workers. In 2017, Nevada gained 43,800 jobs in virtually every industry including construction, healthcare, trade/transportation, and manufacturing.
One major factor contributing to the recent boom in the construction sector in Nevada is the new Las Vegas Raiders Stadium project estimated to cost $18 billion. Adding an NFL stadium to a city that already draws 40 Million visitors annually will have a major impact. The stadium is expected to reside on 60 acres of land off Interstate 15 near Russell Road and Hacienda Avenue. It will positively impact the property values in the surrounding areas and ignite commercial development of the area to accommodate more restaurants, hotels and entertainment.
Ready to finance your Nevada investment properties?
The rental market in Las Vegas is growing stronger than ever. Many people dream of the detached-house life but can’t afford to buy into it. Coupled with the fact that most millennials are putting off marriage and loading up on student debt, there is now shortage of rental opportunities in Las Vegas or the rest of America.
“A new single-family rental can command higher rent, 5 percent to 8 percent more than an older, renovated one,” according to Alex Sifakis, president of based JWB Real Estate Capital.
The boom in housing and commercial development projects in Las Vegas is expected to last several years. As many look for creative ways to finance their commercial projects, some look for a Nevada hard money lender to finance their real estate development. 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 Las Vegas and throughout the state of Nevada.
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 a Nevada hard money lender with experience lending in the state of Nevada and across the nation. As an experienced 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.