We pride ourselves in offering borrowers a quick response to their funding needs. At Wilshire we consider each loan unique and help you and your advisors structure your loan to suit the situation. And when it comes time to fund your loan, Wilshire can quickly fund your loan with our money so there’s often no delay associated with third party funding requirements.
The combined benefits of selecting Wilshire for your borrowing needs includes:
• Experience: Our team is comprised of real estate professionals representing different disciplines, the most senior of which have over 20 years of lending experience.
• Speed: We typically provide a response within 24 hours after receiving your loan application.
• Efficiency: Because we can use our own funds, we can fund quickly after your loan is approved.
• Cost: With rates ranging from 9.00% to 12.00%, we are very competitive compared to interim financing and bridge loans offered by others. In addition, our fees and costs are at levels generally at or below our competitors.
• Terms: We can tailor the terms and conditions of our loans to meet the requirements of the transaction. Further, our interim and bridge loans generally have no prepayment penalties.
• Qualifying: As our underwriting focus is primarily on the collateral supporting the loan, the other qualifying factors we use may be more favorable than the stringent requirements used by conventional lenders and their regulators. As such, credit issues and other factors may not affect your ability to obtain loan approval.
• Size: We can fund loans from $50,000 to $5 Million
• Flexibility: We are not constrained by the same lending restrictions and requirements imposed on banks and other traditional lenders. Therefore, while we still employ prudent lending principles, we have additional flexibility in our approach to real estate lending.
