Probate Loan 2018-08-15T18:53:14+00:00

Probate Loans &
Inheritance Loans

A probate loan is something you may want to consider if you have recently inherited real estate. Dealing with the loss of a loved one is hard enough. If you are financially dependent on them, it can be even harder. Sometimes probate can drag on for years and can be a complicated process. If you are inheriting real estate, we can provide a short-term form of financing that capitalizes on your real estate value. Wilshire Quinn provides probate loans up to $10M on real estate in California and nationwide. Please contact us to speak with a professional about probate loans and inheritance loans.

619.872.6000 | loans@wilshirequinn.com

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Hard Money Lenders (Home) » Probate Loan

What is a probate loan?

A probate loan or sometimes called an estate loan allows you to borrow against real estate you are inheriting but do not have possession of yet. Probate loans are asset based, meaning 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. You may receive funds in a week or two with your estate considered collateral for the loan. Generally probate loans are short term between 6 and 24 months.

Why might I consider a probate loan?

A probate loan can help in certain situations. Probate can be a lengthy process, sometimes lasting 6 months to 3 years. The assets from an estate cannot be distributed to the heirs until after the probate process is completed. A probate loan may allow the heir to borrow against the real estate they have inherited. Here are some benefits of getting a probate loan.

  • A probate loan is based on the equity in the property – personal credit and income are not a major factor.
  • Pay creditors, attorney costs and settle the estate rather than coming out of pocket
  • Keep the tax benefit
  • Buy out other heirs

– Probate Loan –

Settle Estate Obligations

– Probate loan –

Buyout Other Heirs

– Probate Loan –

Preserve Tax Value

Settling Estate Obligations with a Probate Loan

Probate is often a long process sometimes taking up to 3 years. During the probate process heirs may incur expenses like funeral costs, lawyer fees, settling outstanding debts, mortgage payments, taxes, and repairs to the property. A probate loan may allow the heir of the property to borrow against the equity of the property and pay these expenses without coming out of pocket. This could be a huge stress relief for people while dealing with an already stressful situation.

Buying out other heirs with a probate loan

When there are multiple heirs inheriting real estate, it’s common for one party to want to maintain ownership while others want to sell their interests. If the heir who wants to keep the property does not have enough cash to buyout the other parties, then a probate loan may be a good solution. Through a probate loan, the heir can borrow based on the equity in the property to payoff the other parties. Hard money lenders like Wilshire Quinn offer fast funding for these types of loans.

Preserving tax value of property

When real estate is inherited, a common strategy by professional fiduciaries is to prevent a tax reassessment of the home. Many homes in the 1960’s and 1970’s were purchased for much less than current values, and the property taxes are based on the original purchase price. During probate, if the transfer of ownership triggers a property tax reassessment to today’s market value, the increase could be substantially more.
Getting a probate loan to buyout other heirs during probate, rather than after the distribution, may help avoid a tax reassessment. Please consult with your tax professional.

Need a Probate Loan?

Wilshire Quinn is experienced in working with professional fiduciaries and attorneys for probate financing. We lend on the equity of the inherited real estate rather than your personal credit score and income. We are a direct private money lender allowing us to fund probate loans in a matter of days.

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Loan Program

Probate Loans, Estate Loans & Inheritance Loans
Loan Amounts $200,000 to $10,000,000
Closing Time Typically 5-10 business days from application
Loan To Value Up to 60%
Interest Rates 9-12% fixed, interest-only
Loan Term 3-24 months

Know Our Borrowers

Nationwide financing for commercial and residential real estate

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
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
Michaela Keilty
17:47 21 Mar 18
The best!! They are trustworthy and professional. I highly recommend!!
Dan Fulkerson
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
Jason Roberts
22:42 31 May 18
Kris Lindley
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
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
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
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
arde harris
16:16 17 May 18

Recently Funded Hard Money Loan Transactions

Probate Loan Wilshire Quinn
San Diego, CA

Loan Amount: $765,000
Loan Type:  Refinance
Property Type: Single Family
Loan-To-Value: 60%
Term: 24 Months

Probate Loan Wilshire Quinn
San Diego, CA.

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

Probate Loan Wilshire Quinn
La Jolla, CA

Loan Amount: $1,350,000
Loan Type:  Rehab
Property Type: Single Family
Loan-To-Value: 60%
Term: 12 Months

Call us now at 619.872.6000 and speak directly to a decision maker. Get a pre-approval within 24 hours and funding in about 5-7 days.

probate loan

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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Customer Service

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

Wilshire Quinn Capital Rated 5 / 5 based on 18 reviews. | Review Me