Your Trusted Orange County
Hard Money Lender
Orange County hard money lender Wilshire Quinn lends up to $10M for commercial or residential (non-owner occupied) real estate investments. Whether it is a purchase, refinance, cash out, or a multiple property loan; you can count on the premier Orange County hard money lender Wilshire Quinn. We know that time is of the essence for borrowers who may be seeking a hard money loan or private money loan in Orange County, CA. That’s why Wilshire Quinn will work with you to fund your loan in about 5-7 days. Fill out the form or give us a call to discuss your hard money loan scenario.
Purchase | Rehab | Refinance
Apply for a Hard Money Loan
Get started by completing the form below and an associate will reach out to get your loan details
To Speak With A Representative
Call (619) 872-6000
Advantages of a Hard Money Loan
Whether you are looking to secure financing for a purchase, refinance, or cash-out refinance, here are some advantages to using a hard money loan:
- Speed / Closing Time: Qualifying and being approved for a hard money loan is a significantly faster process than applying for a traditional loan through a bank. Wilshire Quinn typically funds hard money loans in 5 to 7 business days.
- Credit score not a major factor: 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 a borrower’s credit score and debt to income levels.
- Rehab and non-stabilized property financing Properties that require substantial rehab or that have high vacancy rates often can be difficult for traditional lenders to finance. Orange County Hard Money lenders such as Wilshire Quinn have the ability to structure deals to allow investors to rehab and stabilize properties.
Looking for an Orange County hard money lender? Chat with a representative online to discuss your loan or call us at 619-872-6000.
|CLOSING TIME||Typically 5 to 7 days|
|LOAN SIZE||$200,000 to $20,000,000|
|LTV||Up to 60% LTV and 60% of ARV for rehab loans, not to exceed 90% of the purchase price|
|LIEN POSITION||First Trust Deeds Only|
|LOAN TERM||3 to 24 months|
|INTEREST RATES||7.5% to 11.5%|
|ORIGINATION FEES||1 to 5 points based on location and property, LTV, credit worthiness of the borrower, loan amount and term|
|LENDING AREAS||Nationwide, with a focus on California|
Our Lending Program:
Closing Time: Typically 5 to 7 days
Loan Size: $200,000 to $20,000,000
- LTV: Up to 60% and 60% of ARV for rehab loans, not to exceed 90% of the purchase price
Lien Position: First Trust Deeds
Loan Term: 3 to 24 months
Interest Rate: 8.5% to 10.5%
Amortization: Interest-only payments
Here’s What Our Borrowers Are Saying
A Proven Orange County Hard Money Lender; Lending Nationwide
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Recently Funded Hard Money Loans
Loan Amount: $950,000
Loan Type: Cash-Out Refinance
Property Type: Multi-Family
Term: 12 Months
West Hollywood, CA
Loan Amount: $2,200,000
Loan Type: Rehab
Property Type: Commercial Retail
Term: 24 Months
San Diego, CA
Loan Amount: $2,500,000
Loan Type: Purchase / Rehab
Property Type: Multi-Family
Term: 12 Months
Loan Amount: $2,215,000
Loan Type: Purchase / Rehab
Property Type: Retail Center
Term: 18 Months
Orange County Hard Money Lender – financing your residential and commercial real estate investments
Orange County is the third-most populous county in California, the sixth-most populous in the United States, and more populous than twenty-one U.S. states. It is the second most densely populated county in the state, second only to Los Angeles County. It is the headquarters of many Fortune 500 companies including Ingram Micro, First American Corporation, Broadcom in Irvine, Western Digital, and Pacific Life. With a large populous and strong business community Wilshire Quinn continues to look for robust lending opportunities in Orange County in cities like Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach and more.
According to Zillow, the median home value in Orange County is $716,118. Orange County home values have gone up 6.4% over the past year and Zillow predicts they will rise 3.5% within the next year. The average price of a home in the United States, on the other hand, is just over $200,000. The Orange County real estate market is considered a luxury market, and although it is not as garish as the San Francisco market, it is still well above most of America. Home prices in Orange County over the past few years have consistently risen making it worth consideration when looking at buying an investment property.
Looking to buy an investment property to rent out? Here’s why you should consider working with an Orange County hard money lender
The cost of living in Orange County 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 Orange County is 3.02
- Orange County has the seventh-highest asking rent among 82 large U.S. metro areas. (commercial data provider Reis Inc)
- Highest rents in Newport Beach ($2,309) and Irvine ($2,094), the lowest in Buena Park ($1,452).
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 Orange County 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 Orange County 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 a Santa Barbara hard money lender, with experience lending nationwide. 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.
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FAQs – Hard Money Loans
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.
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.
After receiving a signed term sheet, Wilshire Quinn typically funds a loan in five to seven business days.
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.
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).
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.