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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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.
|Typically 5 to 7 days
|$200,000 to $20,000,000
|Up to 60% LTV and 60% of ARV for rehab loans, not to exceed 90% of the purchase price
|First Trust Deeds Only
|3 to 24 months
|8.5% to 10.5%
|1 to 5 points based on location and property, LTV, credit worthiness of the borrower, loan amount and term
|Nationwide, in metropolitan and coastal areas
Give us a call: 619-872-6000
Here’s What Our Borrowers Are Saying
We finance parking garage loans nationwide
Recently Funded Hard Money Loans
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.
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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 9% 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).
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.