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 $20M on real estate in California and nationwide. Please contact us to speak with a professional about probate loans and inheritance loans.

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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 18 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	$500,000 to $20,000,000
Closing Time	Typically 5-10 business days from application
Loan To Value	Up to 60%
Interest Rates	9-12% fixed, interest-only
Loan Term	6-18 months

Here’s What Our Borrowers Are Saying

A Proven Probate Loan Lender, Lending Nationwide

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Wilshire Quinn Capital, Inc

5.0

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Ryan Rodriguez

Wishire Quinn was essential to closing a deal for my client. Matt Mielke and his team performed seamlessly and I would happily do business with them again.Ryan Rodriguez, EVP, Colliers International

Alexandra Yellin

Great experience with Jermey and Matt. They offer competitive terms and work efficiently. They are trustworthy which is always important to brokers.

Steve Murillo

I've been a mortgage broker for over 25 years. The team at Wilshire Quinn is a pleasure to work with. They are efficient, friendly and easy to work with. I highly recommend them!

pat murphy

I recently closed the financing of a building in Los Angeles with Wilshire Quinn...in 7 days!!! Mat and Jeremy and the team of professionals there were great to work with.You folks will always be my first call for future business...Thanks!!

Dominick Ertmann

I worked with many different individuals at Wilshire Quinn Capital, every single person I worked with was on point and up to speed with everything I needed.I have zero complaints about these Gentlemen, our company will continue to do business with them.I appreciate all the help from Matt Mielke, Jeremy Hammer, Chris Garcia and Randy Miller! You guys were tremendous!

Justin Ashcraft

Working with Wilshire Quinn was an absolute pleasure from to start to finish. Working as a broker for a client with a vacant building Matt, Chris, and Jeremy were quick to answer all questions, clear in the items they needed and were able to work with us to see a successful completion of the deal. I can’t sing their praises highly enough for the ease at which everything went on what was a tricky deal, and I’m very much looking forward to working with them again in the future. If you’re hesitant for any reason, don’t worry. Wilshire Quinn is a top-notch group filled professional, courteous, and great people.

David Wright

I run a real estate development company focused on multifamily projects. We have used Wilshire Quinn for bridge lending three times now. They are always a pleasure to work with, and can close quickly. The certainty of execution with Wilshire Quinn allows us to move quickly when a great opportunity arises.

Dan Fineman

We just had a great experience working with Wilshire Quinn on a recent transaction. Our team, led by Matt, was professional, communicative, transparent, and fast -- they funded our loan in 5 days, exactly what we needed. They offered very competitive terms, and excellent customer service throughout the process. Highly recommended!

Nick Ames

I highly recommend Wilshire Quinn for your bridge loan. They are very trustworthy, creative and deliver on time. In addition they focus not just on the loan but the borrower’s overall needs. My client had a construction rehab loan that was due and he needed not only a new loan but a sale since his global cash flow had been compromised by an ex-partner. Chris Garcia brought in a buyer who was a contractor and provided the loan to close within a two week period. Thank you Chris and Wilshire Quinn.Nick Ames of San Francisco

peter kockelman

What a wonderful experience working with Wilshire Quinn Capital! We needed a short-term bridge loan to purchase a new home before our prior home was ready to go on the market. It was quick and painless and the loan was funded in ample before we closed in line with what was promised. I would highly recommend this company to others and would not hesitate to use them again should the need arise. Thank you Wilshire Quinn Capital!!!!!

Mark H

Wilshire Quinn is a excellent, fast-closing real estate lender that provides reliable and professional service. They funded our loan submission very quickly and we look forward to doing a lot more business with them.

Rich Dickson

Wilshire Quinn Capital, Inc is a great equity money lender to work with and funded my loan quickly. I highly recommend them if you need investment or working capital fast

RishiRia Barkataki

It was a pleasure to work with Wilshire Quinn Capital, Inc. They are highly professional, knowledgeable, responsive and quick to return calls. I was most impressed with the turnaround and how quickly and conveniently the escrow check was disbursed. This is my second time working with Wilshire Quinn on mortgage financing and have never been disappointed. I will recommend Wilshire Quinn to every person I know who is in need of financing.

Deborah Candido

The Wilshire Quinn team facilitated a $475,000 Bridge loan for one of my clients that needed to close quickly. The subject property was a mixed-use building in Hollister, California. I worked with Daniel Goldberg and he really helped with the process. Very quick to respond and get the loan closed. The underwriting and closing process was straightforward and efficient. I would strongly recommend Wilshire Quinn as one of the premier California hard money lenders.

Ron Taylor

The Wilshire Quinn team assisted my client with a $5 million dollar Bridge loan in California that needed to close quickly. The paperwork, processing and closing process was clear, concise, and fast. Rates and terms were appropriate. Bumps in the road were dealt with in a prompt, flexible, and friendly manner. I strongly vouch for Wilshire Quinn as a California hard money lender.