Hard Money Lenders
Wilshire Quinn is among the top residential hard money lenders when it comes to reputation and integrity. If you are looking for fast financing for a residential hard money loan, read our loan parameters below to see if our program meets your expectations. We finance non-owner occupied investment properties from $200,000 to $20M. To speak with a representative fill out our contact form or give us a call today!
We are a direct private money lender funding residential hard money loans in about five to seven days.
– Investment Properties Only –
619.872.6000 | firstname.lastname@example.org
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Residential Hard Money Loans – Program Highlights
Looking for fast financing from hard money lenders?
Wilshire Quinn finances residential bridge loans and hard money loans nationwide up to $20 million. As a hard money lender, we are able to underwrite your project fast and get a pre-approval letter within about 24 hours and fund the deal within about 5-7 days. Wilshire Quinn realizes the complexities of financing hard money loans for investment properties. 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 in our residential hard money loan program.
|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%|
|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|
Single Family Residence
Fix and Flips
Give us a call: 619-872-6000
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A Proven Residential Hard Money Lender, Lending Nationwide
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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.