Your Trusted
San Diego Hard Money Lender
Wilshire Quinn is a San Diego hard money lender, financing real estate investments up to $20 million. We work fast, turning loans around much quicker than traditional lending institutions, because we know time is critical for borrowers looking to invest in San Diego’s competitive market.
Finance Your Next Transaction With Wilshire Quinn
- A nationwide direct lender, not a broker
- Pre-approval in 24 hours
- Typical funding in five to seven days
- Loan amounts up to $20 million
Purchase | Refinance | Cash-Out | Rehab | 1031 Exchange
Apply for a Hard Money Loan
Get started by completing the form below and an associate will reach out to get your loan details.
Speak with a representative
619-872-6000
Lending Parameters
| CLOSING TIME | Typically 5 to 7 days |
| LOAN SIZE | $500,000 – $20,000,000 |
| LTV | Up to 60% LTV and 60% of ARV for rehab loans, not to exceed 80% of the purchase price |
| LIEN POSITION | First Trust Deeds Only |
| LOAN TERM | 6-18 months |
| INTEREST RATES | 9% – 12% |
| AMORTIZATION | Interest-only payments |
| ORIGINATION FEES | 1 to 5 points based on location and property, LTV, credit worthiness of the borrower, loan amount and term |
| LENDING AREAS | Nationwide, primarily in metropolitan and coastal areas |
Property Types
- Condominiums
Special Purpose & Mixed Use
Gas Stations
Our Lending Program:
Closing Time: Typically 5 to 7 days
Loan Size: $200,000 to $20,000,000
- LTV: Up to 60% and 60% of ARV for rehab loans, not to exceed 90% of the purchase price
Lien Position: First Trust Deeds
Loan Term: 3 to 24 months
Interest Rate: 7.5% to 11%
Amortization: Interest-only payments
Advantages of a Hard Money Loan
Whether you are looking to secure financing for a purchase, refinance, or cash-out refinance, here are some advantages to using a hard money loan:
- Speed / Closing Time: Qualifying and being approved for a hard money loan is a significantly faster process than applying for a traditional loan through a bank. Wilshire Quinn typically funds hard money loans in 5 to 7 business days.
- Credit score not a major factor: 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 a borrower’s credit score and debt to income levels.
- Rehab and non-stabilized property financing Properties that require substantial rehab or that have high vacancy rates often can be difficult for traditional lenders to finance. Bridge lenders such as Wilshire Quinn have the ability to structure deals to allow investors to rehab and stabilize properties.
Looking for a San Diego hard money lender? Chat with a representative online to discuss your loan or call us at 619-872-6000.
Here’s What Our Borrowers Are Saying
A Proven San Diego Hard Money Lender, Lending Nationwide
Why work with a
San Diego Hard Money Lender?
The sun, sand and craft breweries are just a few reasons why San Diego has earned the moniker, “America’s Finest City.” Whether exploring the nightlife in the Gaslamp Quarter or taking a stroll along the Mission Beach boardwalk, San Diego has something for everyone. The near-perfect weather and beautiful beaches have many people packing their bags and moving to San Diego year after year.
The unemployment rate in San Diego has been on a steady decline since 2010, and local industries like biotech are reporting growth in 2018. San Diego County ranks among the state’s top three employers in the life sciences industry, with more than 45,000 jobs. When the economy is good, people want homes. The housing market is hot across the nation, particularly in coastal cities like San Diego.
“One of the challenges we currently face is getting new construction started and completed at the same rate as the demand,” says Melissa Hazlett, VP of sales and marketing at Baldwin & Sons. The Southern California developer is building homes in Otay Ranch, a 5,300-acre planned community in Chula Vista, California.
Ready to finance your San Diego investment properties?
The number of Americans renting is incredibly high, leaving a great investment opportunity in rental properties. San Diego hard money lender Wilshire Quinn can help you get a loan financed in this competitive market.
- 30% to 40% returns are not unheard of for investment properties
- Rental rates across the county continue to see high single-digit increases every year
- As of 2022 San Diego’s median rent price is currently at $3,300 —
Year-Over-Year Change + $257 (Zillow.com) - San Diego is expected to continue growing well into the future, reaching a projected 1.9 million people by 2050, or a 49% increase from 2000
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 Diego hard money lender to finance their transaction. Unlike traditional lenders, private money lending institutions 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 Diego and across the nation.
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 considering credit score and debt-to-income levels. Wilshire Quinn takes pride in its common-sense, equity-based lending. We are a San Diego hard money lender located in the downtown area. Thanks to years of experience, we are equipped to handle even the most complicated of lending scenarios, and care more about the real estate you are purchasing or refinancing than inflexible bank requirements.
San Diego Hard Money Loans for Industrial Space
With e-commerce on the rise in San Diego, many are looking for industrial space to use as distribution centers. The most activity is in logistics, warehousing and distribution of consumer products, due to the increasing amount of goods imported from Asia.
“When you think of industrial space, you have manufacturing space and distribution spaces, and when you think about all the distribution warehouses that are being used for e-commerce, it’s a real growth area,” says John Tipton, operating partner at Allen Matkins law firm.
North County, the second-most popular market in San Diego, is seeing a surge in new industrial development and leasing activity, with nearly 1 million square feet under construction since 2015. There are many advantages to working with a San Diego hard money lender to purchase or refinance and industrial building. To find our more, contact us today!
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.
Wilshire Quinn will consider a wide variety of property types including: office, retail centers, industrial, hotels, parking lots/structures, condo inventory, 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 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.
San Diego Hard Money Lender
We can fund hard money loans in 5-7 days
At Wilshire Quinn, we control the lending process and can provide quick answers and quick closings for your hard money lending needs. If you are looking for a San Diego hard money lender, give us a call
Submit a loan request
Partner with a direct lender you can trust.
