Santa Monica Hard Money Lender2018-08-01T22:33:59+00:00

Santa Monica
Hard Money Lender

We are a Santa Monica hard money lender financing commercial & residential real estate loans up to $10M. We know that time is of the essence for borrowers who may be seeking a private money loan or hard money loan in Santa Monica. Wilshire Quinn excels at funding loans in about 5-7 days. Whether it is a purchase, refinance, cash out, or a multiple property loan; you can count on Santa Monica hard money lender, Wilshire Quinn.

Purchase | Rehab | Refinance

619.872.6000 | loans@wilshirequinn.com

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    Hard Money Lenders (Home) » Santa Monica 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…

    We specialize in many property types including:

    • Multifamily

    • Single Family Investment Properties

    • Retail shopping centers

    • Office Buildings

    • Warehouse & Industrial

    • Special Use: Assisted Living Facilities, Parking Garage/Lots, Mobile Home Parks  & more

    Our Lending Program:

    • Funding in 5-7 days

    • Loan Amounts from $200,000 to $10,000,000

    • Loan-To-Value: 60%

    • Commercial & Residential Real Estate Nationwide

    • Purchase, Refinance, Rehab, Cashout Refinance, Fix-n-flip, Blanket Loans

    • Foreign Nationals OK

    • Loan Term: 3 – 24 months

    Santa Monica hard money lender SFRSanta Monica hard money lenderSanta Monica hard money lender SFRSanta Monica hard money lender

    Santa Monica Hard Money Lender – financing your commercial & residential real estate investments

    Santa Monica is a beachfront city in western Los Angeles County, California. Santa Monica is a popular tourist destination with it’s iconic board walk and the Santa Monica Pier.

    According to Zillow, the median sales price in Santa Monica is $1,770,800. That’s a 10.6% increase from last year. They also forecast that the median home price will increase another 8.1% in the next year. The average price of a home in the United States, in comparison, is just over $200,000. Home prices in Santa Monica 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 Santa Monica? Here’s why you should consider working with a Santa Monica hard money lender

    The cost of living in Santa Monica has continued to increase 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 Santa Monica is 1.87
    • Y-o-Y change for a 2 bedroom was 1% (average rent $4,238), and 3 bedroom was 17% (average rent $5,540)

    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 Santa Monica hard money lender to finance their real estate purchase. Unlike traditional lenders, private money lending institutions focus more upon 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 Santa Monica 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 Los Angeles hard money lender, with experience lending nationwide. As an experienced Santa Monica 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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    Know Our Borrowers

    Your Trusted Santa Monica Hard Money Lender, Lending Nationwide

    I'm not one to typically write reviews but I was so impressed with Wilshire Quinn Capital's service I felt it needed to be shared. I'm a mortgage broker and I recently referred a client to Wilshire Quinn who didn't qualify for any of our programs and needed to fund quickly on a house. I spoke with Matt Mielke and he was not only able to provide a great loan for the client but funded it with time to spare! The client thanked me for connecting him with Matt and as that was the only way he could finance his dream home. It was nice to be able to refer a hard money lender that did what he said he was going to do. I highly recommend Wilshire Quinn Capital for any hard money lending.
    Travis Smith
    Travis Smith
    20:45 21 Mar 18
    The professionals at Wilshire Quinn are the best of the best. If you're not able to use a traditional lender, give these guys a call. They're extremely professional, knowledgeable and efficient!
    Michaela Keilty
    Michaela Keilty
    17:47 21 Mar 18
    The best!! They are trustworthy and professional. I highly recommend!!
    Dan Fulkerson
    Dan Fulkerson
    23:26 19 Mar 18
    Matthew and his team are the most professional efficient team I have ever worked with in all my 25 years in Finance they took a very tough loan and converted it into $400,000 in working capitol in less than 2 weeks the level of service was unmatched Matthew Mielke is an absolute rock star to deal with if he tells you he will call you at 3 the call happens at 2:30 thank you Matthew for all your help!Jason Roberts
    Jason Roberts
    Jason Roberts
    22:42 31 May 18
    Kris Lindley
    Kris Lindley
    21:56 26 Mar 18
    Whether you are investing in secure first trust deed notes or need a hard money loan from a respected private lender, I recommend Wilshire Quinn.
    Kris Pattison
    Kris Pattison
    18:07 28 Mar 18
    I’ve dealt with them for 3 years and I’ve always had a great experience. No one should have any reservations about working with them.
    arnie rissman
    arnie rissman
    21:36 15 May 18
    A couple of years ago Chris Garcia and the team at Wilshire Quinn Capital were introduced to me through a good friend and business partner who has known Chris for many years. WQ has twice since then provided the ideal funding for my projects. They keep it simple. The deal terms, loan docs, appraisals and everything involved in the closing were clear, easy and fast. No headaches. The deals were fair. There have been no fine print surprises. They were prompt, clear in communications, flexible and friendly. They were patient through delays caused by me and others. I would highly recommend Wilshire Quinn to anyone.
    Robert Noble
    Robert Noble
    19:15 16 May 18
    This is a superb company to do business with.The customer service is always fast and accurate and gets the job done..When we needed help we had it in record time (three different times) to solve our financial needs...We can't say enough good things about doing business with Wilshire Quinn. Marvin and Arde Harris
    arde harris
    arde harris
    16:16 17 May 18
    Wilshire Quinn was extremely professional and they have the staff to make sure all issues are addressed quickly.
    David Kurniadi - the Kurniadi Group
    David Kurniadi - the Kurniadi Group
    02:57 16 May 18
    Great team to work with! Very efficient process which allowed us to meet a fast approaching refinance deadline with time to spare. I would highly recommend working with them.
    Ankur Patel
    Ankur Patel
    01:45 05 Mar 19
    The Wilshire Quinn team did an excellent job in a short time frame. I feel their rates and ‘products’ are competitive. Where I feel they distance themselves from the competitors is their commitment to customer satisfaction. Every project has challenges and they are dedicated to working with their clients to ensure satisfaction, which is not commonplace in the market these days.
    242 Baldwin
    242 Baldwin
    22:00 02 May 19
    Wilshire Quinn gave me a competitive quote and followed up with a quick, hassle-free escrow and closing. I am happy with their service and would recommend them to friends and business associates.
    Ron Gerber
    Ron Gerber
    17:44 04 May 19
    Working with them is easy and efficient. I enjoy the process and the ease of everything. I would recommend trying them for your needs.
    joseph phelan
    joseph phelan
    22:32 03 May 19
    Wilshire Quinn has a great team of experts that always move quickly on my transactions. I would recommend them highly to anyone looking to get top-notch financing quickly and without hassle.
    Justin Mecklenborg
    Justin Mecklenborg
    16:19 06 May 19
    Wilshire Quinn Capital works for individual investors seeking consistent returns on their capital; as well as investors , builders or homeowners seeking bridge loans to expand their businesses and improve their real estate investments. Always on time and ready, willing and able to serve their customers, Wilshire Quinn prioritizes customer service. In a nutshell, Wilshire Quinn is a one stop shop for great returns, and most efficient and reliable approach to obtaining a hard money bridge loan. I wouldn't consider going anywhere else.
    Kip Lee
    Kip Lee
    20:05 06 May 19
    We have trusted Wilshire Quinn with our investing since the inception of the company and have never been disappointed. The care and professionalism they put into every transaction instills confidence and trust. We highly recommend this company.
    Gene Kapetan
    Gene Kapetan
    18:17 06 May 19
    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.
    RishiRia Barkataki
    RishiRia Barkataki
    22:08 13 May 19
    Wilshire Quinn is great. Great staff and very transparent and honest. I am very pleased what what they have done for me thus far.
    Sam Godkin
    Sam Godkin
    18:54 13 May 19
    Wilshire Quinn has been a lending agency I, We, have utilized for the past 5+ years. The integrity of the entire company is professional, and the process of each phase of the lending is complementary to all parties involved. I highly recommend their services; small or in large lending capacity.
    HBGS Treasurer
    HBGS Treasurer
    22:10 28 May 19
    I have worked with Wilshire Quinn for several years. Chris Garcia and his staff have always handled my investments with amazing professionalism and with the utmost personal care. I highly recommend utilizing their agency and their services,
    Debra Ryder
    Debra Ryder
    16:59 21 Aug 19
    Wilshire Quinn is a great hard money lender that funded our loan quickly. Very reliable and delivered 100%
    Bill Janis
    Bill Janis
    21:46 03 Oct 19
    Had a client who's successful business was impacted by Covid19...as such, income had been negatively affected, and our normal A-paper borrower was in a pinch to qualify for property purchase.Wilshire Quinn came to the rescue, and helped us close the loan on time and with minimal hassle.Our rep Matt was very helpful; answered and/all questions without hesitation, and never made us feel stupid for asking and clarifying things we didn't understand, or that needed more information.Wilshire Quinn helped us out and I would be happy to recommend their services to a friend in need of hard-money and limited other options.
    Jon Engelhardt
    Jon Engelhardt
    21:45 11 Nov 20
    It was great working with Wilshire Quinn Capital in San Diego. Their team is professional and hardworking. I had a a wonderful experience working with them and would work with them in the future!
    Kate Swann
    Kate Swann
    17:00 10 Dec 20
    I was very happy with Wilshire Quinn Capital. The company was a great hard money lender. Communication was clear, responsiveness was quick and the process was very straightforward. They funded my loan quickly and I truly appreciate it.
    Elena Vizvary
    Elena Vizvary
    22:36 16 Sep 20
    My experience of dealing with Wilshire Quinn Capital has been nothing short of excellent service and top notch talent . My loan was funded on time
    Frank Meram
    Frank Meram
    17:03 10 Dec 20
    I can thank these guys enough. My friend was in a tight spot and with the help of Dan Goldberg she was able to get a loan to help her reunite with her children. Thanks so much guys!
    Doug Whalen
    Doug Whalen
    19:55 02 Sep 20
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    F.A.Q’s – Hard Money Loans

    What is a hard money loan?2019-05-29T22:14:54+00:00

    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.

    What if my credit score is low?2020-11-30T05:44:17+00:00

    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.

    How long does the loan process take?2020-11-30T06:00:50+00:00

    After receiving a signed term sheet, Wilshire Quinn typically funds a loan in five to seven business days.

    What type of properties do you lend on?2020-11-30T05:28:46+00:00

    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.

    What types of loans does Wilshire Quinn originate?2020-11-30T05:34:08+00:00

    We will consider a wide variety of loan types including: purchase, refinance, cash-out refinance, partnership buyouts, rehabs, 1031 exchanges and value-added acquisitions.

    How do I submit a loan request?2019-06-11T18:37:24+00:00

    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.

    What is the cost of a hard money loan?2020-11-30T05:37:52+00:00

    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).

    Where does Wilshire Quinn lend?2019-06-11T18:37:04+00:00

    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 Santa Monica Hard Money Lender

    Looking For A Bridge Loan in Santa Monica?

    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 Santa Monica up to $10M with funding available in about 5-7 days.

    Submit Loan Request

    Recently Funded Hard Money Loan Transactions

    Carlsbad 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

    Carlsbad 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

    Carlsbad 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 loan officer. Get a pre-approval from a Santa Monica hard money lender within 24 hours and funding in about 5-7 days.

    Santa Monica Hard Money Lender - Logo

    Wilshire Quinn Capital, Inc.
    2550 Fifth Avenue, 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’ll get the friendly guidance you need to help you through the private money loan process. Submit a loan scenario today to quickly hear back from one of our representatives.

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