Hard Money Lender in San Diego

1. Hard Money Lender In San Diego, California Willshire Quinn Capital, Inc. is one of most experienced direct hard money lenders in San Diego with over 12 years of hard money lending experience. We provide hard money loans in San Diego for real estate investors and property owners through asset-based lending for various real estate projects and transactions including single family residential, multi-family residential, commercial and land. Our unique approach of financing using private capital allows speed and flexibility that traditional banking environments cannot provide. Additionally, we have a great understanding of real estate market in San Diego. Our immediate access to capital enables us to provide a fast and easy loan process to our clients. We use a private, secured loan application process to provide 24 hour loan approvals and closings in less than a week. As a direct hard money lender, we have the capability to process, underwrite and fund every loan in our office. This allows for less paperwork before funding your loan, thereby saving you time and money.

2. Types of Consumer Credit & Loans Loan contracts come in all kinds of forms and with varied terms, ranging from simple promissory notes between friends and family members to more complex loans like mortgage, auto, payday and student loans. Banks, credit unions and other people lend money for significant, but necessary items like a car, student loan or home. Regardless of type, every loan – and its conditions for repayment – is governed by state and federal guidelines to protect consumers from unsavory practices like excessive interest rates. In addition, loan length and default terms should be clearly detailed to avoid confusion or potential legal action. In case of default, terms of collection of the outstanding debt should clearly specify the costs involved in collecting upon the debt. This also applies to parties of promissory notes as well.

3. Open-End & Closed-End Credit Options The two basic categories of consumer credit are open-end and closed-end credit. Open-end credit, better known as revolving credit, can be used repeatedly for purchases that will be paid back monthly, though paying the full amount due every month is not required. The most common form of revolving credit are credit cards, but home equity loans and home equity lines of credit (HELOC) also fall in this category. Closed-end credit is used to finance a specific purpose for a specific period of time. They also are called installment loans because consumers are required to follow a regular payment schedule (usually monthly) that includes interest charges, until the principal is paid off. The interest rate for installment loans varies by lender and is tied closely to the consumer’s credit score. The lending institution can seize the consumer’s property as compensation if the consumer defaults on the loan.

4. Types of Loan • Loan types vary because each loan has a specific intended use. They can vary by length of time, by how interest rates are calculated, by when payments are due and by a number of other variables. • Student Loans • Mortgages • Auto Loans • Personal Loans • Loans for Veterans • Small Business Loans • Payday Loans • Borrowing from Retirement & Life Insurance • Consolidated Loans • Borrowing from Friends and Family • Cash Advances • Home Equity Loans

5. About Willshire Quinn Capital, Inc. Since 2004, Wilshire Quinn Capital Inc. has been a leader in the capital markets. Wilshire Quinn Capital serves as managing partner of the Wilshire Quinn Income Fund, a direct portfolio lender that originates bridge loans secured by real estate located primarily in California. Wilshire Quinn Income Fund provides financing to borrowers who are unable to obtain credit from traditional lending institutions. Our customer base is fairly diverse; borrowers range from corporations looking for construction financing, to individuals who are looking to purchase or refinance an investment property.

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