Bridge Loan Hotel & Motel Loans |
Property Types | Hotel, Motel |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $20,000,000 |
Interest Rate Minimum | 8% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 5 |
Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 8 months |
Typical Days Required to Fund | 6-10 Business days |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
General Pricing or Guideline info | Wilshire Quinn finances hotel loans nationwide up to $20 million. As a private money lender, we are able to underwrite your hotel or motel loan fast and get a pre-approval letter within 24 hours and fund the deal within about 5-7 days. Wilshire Quinn realizes the complexities of financing hotelss and motels. Our successful track record is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach. The emphasis on in-house loan origination allows our borrowers to move forward with confidence in our hotel loans program.
- Time to Close 5 - 7 days
- Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price.
- Loan Term: 3 - 24 months
- Lending Areas Nationwide, in metropolitan and coastal areas. |
Updated as of | 2023-10-09 |
Bridge Loan Self Storage Loans |
Property Types | Self-Storage |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $20,000,000 |
Interest Rate Minimum | 8% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 5 |
Terms | 6 month, 9 months, 1 year, 18 month |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
General Pricing or Guideline info | - Loan collateralized by real estate – no business only financing
- Prefer high traffic metropolitan areas
- Loan approvals based on value of real estate rather than borrower credit score and financials
- Time to Close 5 - 7 days
- Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price.
- Loan Term: 3 - 24 months
- Lending Areas Nationwide, in metropolitan and coastal areas. |
Updated as of | 2023-10-09 |
Bridge Loan Mobile Home Park Loans |
Property Types | Mobile Home Park |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $20,000,000 |
Interest Rate Minimum | 8% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 5 |
Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 8 months |
Typical Days Required to Fund | 6-10 Business days |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
General Pricing or Guideline info | -Minimum spaces: 40 pads
-Prefer parks that have paved roads. Gravel packed roads will be considered on a case by case basis.
-Prefer individual meters for water and electricity
-Prefer tenants own 75% or more of the homes
-Prefer sewer over septic
-Prefer individual meters for water and electricity
-Homes should be skirted with no tongues or hitches showing.
- Time to Close 5 - 7 days
- Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price.
- Loan Term: 3 - 24 months
- Lending Areas Nationwide, in metropolitan and coastal areas. |
Updated as of | 2023-10-09 |
Bridge Loan Nursing Home & Care Facility Loans |
Property Types | Assisted Living, Senior Care - Commercial Property |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $20,000,000 |
Interest Rate Minimum | 8% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 5 |
Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 8 months |
Typical Days Required to Fund | 6-10 Business days |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
General Pricing or Guideline info | - Wilshire Quinn finances assisted living facility loans nationwide up to $20 million. We realize the complexities of assisted living facilities and healthcare buildings. Our successful track record as private money lenders is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach.
- Time to Close 5 - 7 days
- Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price.
- Loan Term: 3 - 24 months
- Lending Areas Nationwide, in metropolitan and coastal areas. |
Updated as of | 2023-10-09 |
Summary of all Guidelines |
Loan Types | Bridge Loan, Hard Money Loan, Rehab Loan |
Property Types | Assisted Living, Condo, Gas Station, Hotel, Industrial, Medical Facility, Medical Office, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Retail, Self-Storage, SFR, Shopping Center, Special-Use, Student Housing, Warehouse |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $20,000,000 |
Interest Rate Minimum | 8% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 5 |
Terms | 3 months, 6 months, 1 year, 1.5 years, 2 years, 3 years |
Interest Only or Amortized | Interest Only |
Prepayment Penalty | None |
LTV Bridge | 65 |
LTC Construction | 65 |
Upfront Fees | Appraisal, Environmental, Legal Review, Loan Documents, Processing |
ARV Rehab & Construction | 65 |
Personal Guarantee /Recourse Required | Recourse, No Recourse |
Intended Occupancy | Owner, Non-Owner, Owner bridge |
License Number | CA DBO CFL lic #603J060. |
CAPITAL PRESERVATION THROUGH DIVERSIFICATION
The Wilshire Quinn Income Fund offers investors an alternative to volatile equity markets and opportunity to take advantage of the restrictive lending practices of traditional banks. We believe a portfolio consisting of loans in strong metropolitan areas, secured by substantial equity and sustainable cash flows, will continue to create superior returns for our investors.
The Fund’s primary objectives are to preserve capital and generate income. Using our investors’ pooled capital, the Fund plays a role similar to that of a bank: it originates loans to property owners and collects interest payments over the life of the loans. Those payments are distributed to our investors in the form of a monthly dividend or can be reinvested.
Wilshire Quinn Capital is located in San Francisco, CA. They offer financing for Bridge Loans, Hard Money Loans and Rehab Loans. The property type they primarily lend against is Assisted Living, Condo, Gas Station, Hotel, Industrial, Medical Facility, Medical Office, Mobile Home Park, Motel, Multi Family, Office, Retail, Self-Storage, SFR, Shopping Center, Special-Use, Student Housing, Warehouse and Mixed use. Their minimum loan amount is $200,000. Their maximum loan amount is $20,000,000. They offer loans for a minimum Term of 6 months. Maximum duration of 3 months;6 months;1 year;1.5 years;2 years;3 years. Although rates can change they are typically lending at a minimum rate of 8%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 5.
These descriptions are limited information and meant for general reference purposes.