San Clemente
Hard Money Lender

We are a San Clemente hard money lender financing commercial and residential real estate loans up to $10M. Being a direct private money lender means we can fund bridge loans fast, typically in about 5-7 days. Whether it is a purchase, refinance, cash out, or a multiple property loan; you can count on San Clemente hard money lender, Wilshire Quinn.

619.872.6000 | loans@wilshirequinn.com

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    Hard Money Lenders (Home) » San Clemente Hard Money Lender

    What is a Hard Money Loan?

    A hard money loan is a short-term loan also known as a bridge loan, that is used until a person or company either secures permanent financing or removes the obligation through the sale of the property. Hard money loans generally have higher interest rates than conventional or bank loans, and are written for shorter periods of time. Typical hard money loans or bridge loans are 12 to 18 months in length. Wilshire Quinn loans do not exceed 60% of the appraised value of the property securing the loan.

    Who Typically Uses a Hard Money Loan

    • Business owners looking to pull cash out of existing properties
    • People who want to close quickly
    • Borrowers who have multiple properties looking to cross collateralize
    • Investors looking to purchase rental properties
    • Investors who buy, repair, and immediately resell their property (Flippers)
    • Borrowers who cannot refinance with a traditional bank
    • Builders and more…
    San Clemente hard money lender - real estateSan Clemente hard money lender - rental trendsSan Clemente Hard Money Lender - real estateSan Clemente Hard Money Lender - Investment properties

    San Clemente Hard Money Lender – financing your residential & commercial real estate investments

    San Clemente is a year-round tourist destination known for its Spanish Colonial style architecture, scenic views of the Pacific Ocean and pleasant climate. San Clemente’s location on the California Coast, midway between Los Angeles and San Diego lends to its slogan “the Spanish Village by the Sea.”

    According to Trulia.com, the median home value in San Clemente is $915,000. San Clemente home values have gone up 2% over the past year and rents have increased by 4% year-over-year. The average price of a home in the United States, on the other hand, is just over $200,000. The San Clemente real estate market is considered a luxury market, and although it is not as high as the San Francisco market, it is still well above most of America. Rental prices in San Clemente over the past few years have consistently risen making it worth consideration when looking at buying an investment property.

    Looking to buy an investment property to rent out in San Clemente? Here’s why you should consider working with a San Clemente hard money lender for the purchase.

    The cost of living in San Clemente has continued to increase over the past 10 years making home ownership difficult for people. Many Americans desire the single-family home lifestyle but just cannot afford to buy into it. Also, Millenials are delaying getting married and have massive school debt, and are not buying real estate. The number of Americans renting is incredibly high, leaving a great investment opportunity in rental income properties.

    • The majority of Californians rent rather than owning, making purchasing a rental property a good business
    • The average family size in San Clemente is 2.76
    • The average rental price in San Clemente for a 2 bedroom is $2,158 and $2,602 for a 3 bedroom.
    • Studio apartments rose by 6% year-over-year (average rents of $1,204)

    Rental properties have recently created a stable vehicle for investing money and creating wealth. As many look to purchase an investment rental property, some look for a San Clemente hard money lender to finance their real estate purchase. Unlike traditional lenders, private money lenders focus more on the equity in a property relative to the borrower’s credit score. The underwriting and funding process can take place in a matter of days instead of weeks or months. Wilshire Quinn continues to fund hard money loans in San Clemente and across the nation. Read more about using private money lending to win real estate bidding wars in our blog article.

    Asset Based Lending

    Asset based lending means 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. Wilshire Quinn takes pride in our common sense equity based lending. Wilshire Quinn is a San Clemente hard money lender, with experience lending nationwide. As an experienced hard money lender we can handle even the most complicated of lending scenarios and care more about the real estate that you are purchasing or refinancing than inflexible bank requirements.

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    Experienced San Clemente Hard Money Lender, Lending Nationwide

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    F.A.Q’s – Hard Money Loans 101

    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.

    Your Trusted San Clemente Hard Money Lender

    Ready to Finance a Real Estate Investment?

    At Wilshire Quinn we control the lending process and can provide fast answers and quick closings for your hard money lending needs. We are a direct lender which means we can fund hard money loans fast. We lend private hard money loans in San Clemente up to $10M with funding available in about 5-7 days.

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    Recently Funded Hard Money Loan Transactions

    San Clemente Hard Money Lender Wilshire Quinn
    La Jolla, CA

    Loan Amount: $2,435,000
    Loan Type:  Refinance
    Property Type: Single Family
    Loan-To-Value: 62%
    Term: 12 Months

    San Clemente hard money lender - refinance deal
    San Diego, CA.

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

    San Clemente hard money lender retail center
    Vista, CA

    Loan Amount: $2,215,000
    Loan Type:  Purchase / Rehab
    Property Type: Retail Center
    Loan-To-Value: 59%
    Term: 18 Months

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

    San Clemente hard money lender

    Wilshire Quinn Capital, Inc.
    2550 Fifth Ave, 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 will get the friendly guidance you need to help you through the private money loan process. We will 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.

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