Why work with a
San Diego Hard Money Lender?
The sun, the sand, and the craft breweries are just a few reasons why San Diego has earned the name “America’s Finest City”. Whether you’re hitting the nightlife in the Gaslamp Quarter or taking a stroll down the boardwalk, San Diego has something for everyone. The near-perfect weather and beautiful beaches has 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 many industries like biotech are reporting growth in 2018. San Diego County ranks No. 3 in state with life-sciences jobs employing 45,959 people. When the economy is good, people want homes. The housing market is hot across the nation, particularly so in cities like San Diego, CA.
Melissa Hazlett, Baldwin & Sons’ VP of sales and marketing, says “One of the challenges we currently face is getting new construction started and completed at the same rate as the demand.” Baldwin & Sons is developing homes in Otay Ranch, a 5,300-acre planned community in Chula Vista, CA.
Ready to finance your San Diego investment properties?
The number of Americans renting is incredibly high, leaving a great investment opportunity in rental income properties. San Diego hard money lender Wilshire Quinn Capital can help you purchase a rental property in this competitive market.
- 30% to 40% returns are not unheard of for investment properties
- rent prices increased an average of 8.4% from the previous year
- San Diego’s median rent price is currently at $2,500 – nearly double the national rate (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 real estate purchase. 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 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 Diego hard money lender located in the downtown area. 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.