We are a Poway hard money lender financing commercial and residential real estate loans up to $10M. A benefit of working with a direct private money lender is the speed at which we can fund a hard money loan. We know that time is of the essence for borrowers who may be seeking a private money loan or hard money loan in Poway. That’s why Wilshire Quinn will work with you to fund your loan in just a matter of days. Whether it is a purchase, refinance, cash out, or a multiple property loan; you can count on Poway hard money lender, Wilshire Quinn.
Poway which lies north of the city of San Diego and south of the city of Escondido, has deep roots in the agriculture industry. It’s rural location lends to its slogan “The City in the Country”.
According to Trulia.com, the median home value in Poway is $710,250. Poway home values have gone up 3% over the past year, an increase of $17,750. The average price of a home in the United States, on the other hand, is just over $200,000. The Poway real estate market is considered a luxury market, and although it is not as high as the San Francisco market, it is still well above most of America. Home prices in Poway over the past few years have consistently risen making it worth consideration when looking into buying an investment property.
Are you considering purchasing an investment property to rent out? Here’s why you should consider working with a Poway hard money lender.
The cost of living in Poway has continued to increase over the past 10 years 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.
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 Poway 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 finance private money loans (hard money loans) in Poway and across the county of San Diego.
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 Poway hard money lender, with experience lending nationwide. 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.
With e-commerce on the rise in Southern California, many are looking for industrial space to use as distribution centers. Imports from Asia are also growing making the San Diego industrial market thrive.
“The most activity is in logistics, warehousing and distribution of consumer products. What we’re seeing now is e-commerce satellite facilities, where products are received from mega-fulfillment centers in the Inland Empire, are sorted and delivered immediately to consumers.” says CBRE VP Bill Dolan.
North County, the second most popular market in San Diego, is seeing a surge in new industrial development and leasing activity, with nearly 1M SF under construction since 2015. There are many advantages to working with a Poway hard money lender to purchase industrial space.
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 Poway hard money lender which means we can fund hard money loans fast. We lend private hard money loans in Poway up to $10M with funding available in about 5-7 days.
Special use buildings like: car wash, gym, parking lot, assisted living facilities, mobile home park.
Call us now at 619.872.6000 and speak directly to a decision maker. Get a pre-approval from a Poway hard money lender within 24 hours and funding in about 5-7 days.
Get fast answers and a pre-approval for a bridge loan today!