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Why Use a Hard Money Lender?

Hard money lenders solve a unique problem for real estate investors. The fact is that banks and other conventional lenders reduce a borrower to a set of financial indicators like credit score, income, and debt-to-income ratio, making it extremely difficult to get the funds you need when you need them.

Fortunately, hard money lenders are more focused on the equity in your property. They are partners in your investment, and their products allow real estate investors to adapt to ever-changing market circumstances. Below we detail the benefits of hard money loans and why you would use them.

How Hard Money Loans Work

Hard money loans are approved based on the collateral of real estate rather than one’s credit score. The collateral model allows the lender to quickly approve an individual’s loan request and provide them with funds. In contrast, traditional loans are wrapped tight in red tape, and even if you’re approved, they typically take months to close.

Below we expand on four reasons you would use a hard money loan.


The time you spend waiting for a conventional bank to complete their underwriting could be the difference between an opportunity taken or lost. Time constraints are particularly inconvenient in a seller’s market where rare and lucrative opportunities disappear quickly. Hard money loans can set you above the competition because the expedited application and underwriting process allows you to close quickly, something sellers prefer.


Conventional lenders offer, unsurprisingly, conventional loans. High volume and an emphasis on a narrow range of loan types and structures result in rigid lending practices.

In contrast, hard money lenders tend to have much more flexibility regarding loan products, so they can offer a creative solution tailored to your specific needs. Two examples of these loan products are fix & flip loans, and a typical bridge loan.

Fix & flip loans allow real estate investors to potentially profit without making high out-of-pocket contributions. When flipping a house, the less time it spends sitting on the market once you’ve renovated, the less monthly interest you have to pay on your loan. Hard money loans are outstanding for this situation because they are designed to be paid back quickly, typically once the house has been sold.

Bridge loans are another type of hard money loan product. Bridge loans are short-term and designed to “bridge” a gap in financing between selling one property and purchasing another. In other words, you don’t have to wait for the profits from the initial property to fund the desired property.

Succeeding in Your First Real Estate Venture

Loans are made or arranged by Wilshire Quinn Income Fund, LLC (the “Fund”) pursuant to California Finance Lenders Law license #603J060. The information contained in this message is for informational purposes only and is meant to provide general background information on the Fund and its manager, Wilshire Quinn Capital, Inc. (the “Manager”). Any and all information herein is deemed reliable but is not guaranteed.

Succeeding in Your First Real Estate Venture

Poor Credit

Poor credit is a massive obstacle to securing a mortgage or any loan, for that matter. Just because you have poor credit doesn’t mean you’re financially irresponsible. Property tax liens, medical bills, and other factors that may site you as a risk to conventional lenders won’t matter as much to hard money lenders because your loan is based on collateral.

Poor Income

While some real estate investors have full-time jobs, others are retired or make a living investing in real estate full-time. Conventional lenders want to know you have a steady income. You might have decent cash flow, but if your income is inconsistent, you will have difficulty getting traditional banks to lend you money. As with your credit health, hard money lenders are more concerned about the property’s equity than your overall financial situation.

How to Get a Hard Money Loan

The most important thing about securing a hard money loan is finding a lender that moves quickly and communicates effectively. Since 2011, Wilshire Quinn has funded over $400 million in bridge loans and has become a trusted name in the hard money lending industry.

Our lending solutions are tailored to your situation, and we pride ourselves on transparency. Visit the Wilshire Quinn website and submit a hard money loan application today. You could have your loan approved within 24 hours and receive funding in five business days.

  • Funding typically in 5-7 business days
  • Loan Amounts from $200,000 to $20,000,000

  • Interest Rates from 8% to 10.5%
  • Loan Term: 3 – 24 months

  • Commercial & Residential (non-owner occupied) Real Estate

  • Purchase, Refinance, Cash-out Refinance, Rehab, Blanket Loans
  • Foreign National Loans Available


About Wilshire Quinn

Wilshire Quinn is a San Diego hard money lender focused on short term bridge loans, secured by first trust deeds. The company is based in San Diego, CA with offices in Los Angeles and San Francisco. Wilshire Quinn typically funds loans for their customers in 5-7 days. Their successful track record is closely linked to their ability to make immediate lending decisions based on their highly disciplined underwriting approach. The company funds a variety of loans such as: refinance, purchase, blanket, rehab loans, 1031 exchange, partnership buyouts, and more. They originate hard money loans ranging from $200,000 – $20,000,000. Wilshire Quinn works with commercial and residential buyers nationwide.

Recently Funded Hard Money Loan Transactions

Loan Amount: $15,575,000 Loan Type: Blanket Construction Property Type: Industrial Loan-To-Value: 62% Term: 12 Months
UKIAH, CA Loan Amount: $6,575,000 Loan Type: Purchase Property Type: Self Storage Loan-To-Value: 61% Term: 7 Months BONITA, CA Loan Amount: $3,450,000 Loan Type: Purchase Property Type: Office Loan-To-Value: 61% Term: 18 Months LOS ANGELES, CA Loan Amount: $10,675,000 Loan Type: Refinance Property Type: Parking Structure/Retail Loan-To-Value: 52% Term: 12 Months

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Partner with a Hard Money Lender you can trust.

By |October 25th, 2022|Categories: Bridge Loan|Tags: |
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