Parking Garage
Loans

Wilshire Quinn provides parking garage loans with fast pre-approvals and funding within about five to seven days. If you are looking to close quickly on a parking garage loan or parking lot loan, complete our loan application and speak with a representative today.

  • A nationwide direct lender, not a broker
  • Pre-approval in 24 hours
  • Typical funding times in five to seven days
  • Loan amounts up to $20,000,000
  • Foreign nationals OK

Purchase | Refinance | Cash-Out | Rehab | 1031 Exchange

Direct Lender For Parking Lot Loans Nationwide

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Hard Money Lenders (Home) » Parking Garage Loans

Parking Garage Loans

Parking Facility Financing Options

Wilshire Quinn finances hard money parking garage loans nationwide up to $20 million. As a direct private money lender, we are able to underwrite your project quickly and provide a pre-approval letter within about 24 hours and fund the loan within about five to seven days. Wilshire Quinn realizes the complexities of financing parking facilities. Our successful track record is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach. The emphasis on in-house loan origination allows our borrowers to move forward with confidence on their parking garage loans.

Lending Parameters

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 8.5% to 10.5%
AMORTIZATION Interest-only payments
ORIGINATION FEES 1 to 5 points based on location and property, LTV, credit worthiness of the borrower, loan amount and term
LENDING AREAS Nationwide, in metropolitan and coastal areas
parking garage loans

Give us a call: 619-872-6000

We Work With Brokers

Fund loans quickly with Wilshire Quinn

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Here’s What Our Borrowers Are Saying

We finance parking garage loans nationwide

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Recently Funded Hard Money Loans

Parking garage loans and parking lot loans
Sacramento, CA

Loan Amount: $950,000
Loan Type: Cash-Out Refinance
Property Type: Multi-Family
Loan-To-Value: 60%
Term: 12 Months

Parking garage loans and parking lot loans
San Diego, CA

Loan Amount: $3,625,000
Loan Type:  Rehab
Property Type: Assisted Living Facility
Loan-To-Value: 60%
Term: 12 Months

Parking garage loans and parking lot loans
Atlanta, GA

Loan Amount: $1,050,000
Loan Type:  Refinance
Property Type: Land
Loan-To-Value: 26%
Term: 12 Months

Parking garage loans and parking lot loans
West Hollywood, CA

Loan Amount: $2,200,000
Loan Type:  Rehab
Property Type: Commercial Retail
Loan-To-Value: 47%
Term: 24 Months

Parking Garage Loans Lender

Ready to Finance a Parking Facility or Parking Lot?

At Wilshire Quinn we control the lending process and can provide fast pre-approvals and quick closings for your parking garage loans. We lend private hard money loans for parking garages and parking lots nationwide up to $20M with funding available in about five to seven days typically.

Submit Loan Request

Submit a loan application

Partner with a direct lender you can trust.

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.

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.

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.

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