Loan Programs

 

We consider each borrowing relationship unique
& we strive to structure a loan to suit your situation.

As a verified direct private money portfolio lender, Wilshire Finance Partners provides borrowers with speed and flexibility through a consistent internal funding platform. We are a collateral-based lender that focuses primarily on property value and property cash-flow.

Special Situation Lending

Please call your Wilshire representative for more information about special lending situations, including, reverse 1031 exchanges, probate, repositioning loans, rehabilitation loans, debt restructuring and discounted payoffs, and other situations and opportunities.

General Lending Criteria

Overview

Wilshire employs a collateral-based lending approach. Under a collateral-based lending approach Wilshire places the greatest emphasis and weight on the cash flow and the collateral value of the real property in its underwriting.

Bridge Loan Products

 

Apartment
&
Multifamily

Commercial Real Estate

Assisted Living

Residential Care

Memory Care

Single Family
&
2 to 4 Units

(Non-Owner Occupied)

Rates

Call for Quote*

Call for Quote*

Call for Quote*

Call for Quote*

Loan Size

$250K to $5MM

$250K to $5MM

$1MM to $5MM

$250K to $3MM

Uses

Purchase,
Refinance, Cash-Out

Purchase,
Refinance, Cash-Out

Purchase,
Refinance, Cash-Out

Purchase,
Refinance, Cash-Out

Terms

1 to 3 year fixed

1 to 3 year fixed

1 to 3 year fixed

1 to 3 year fixed

Leverage

Up to 70%

Up to 65%

Up to 65%

Up to 75%

Non-Recourse

Non-Recourse & Full Recourse

Non-Recourse & Full Recourse

Full Recourse Non-Recourse

Prepayment Penalty

No Prepayment
Penalty Available

No Prepayment
Penalty Available

No Prepayment
Penalty Available

No Prepayment
Penalty Available

Debt Service

1.10**

1.15**

1.20**

N/A

Amortization

Interest Only

Interest Only

Interest Only

Interest Only

Origination & Application Fees

2% to 2.5%

2% to 2.5%

2% to 2.5%

2% to 2.5%

Property Types

5 plus units

Office, Retail, Mixed Use, Warehouse, Light Industrial, Self Storage

Assisted Living

Investor Properties Only; Non-Owner Occupied; California Only

Special Features Collateral-based underwriting Single tenant & owner user considered; Collateral-based underwriting Cash-out refinance pre-SBA take-out; Collateral-based underwriting Blanket loans; Collateral-based underwriting

*Rates dependent on strength of the sponsor or borrower, term, leverage, property condition, and debt service.
**Call to discuss loans for repositioning transitional properties.

  • Single Family & 2 to 4 Unit lending in California only.
  • $1 million minimum loan size outside California. Larger loans on a case-by-case basis.

Wilshire does not lend on the following property types: land, acquisition and development, ground up construction, gas stations, car washes, hospitality, hotels, motels, bed and breakfast, schools, churches, mortuaries, hospitals, car dealerships, oil and lube, on-site dry cleaners, heavy manufacturing, marinas, sport complexes, recreational facilities, golf courses, leased land, cooperatives, or other special purpose properties.

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Proven   Professional   Performance™

Call us at (866) 575-5070 or Request a Callback!

 

 

This communication is for real estate professionals only. It is not a loan approval, agreement or commitment to lend. Financing is subject to underwriting and approval. Rates and terms are subject to change without notice. Other restrictions may apply. Loans made by Wilshire Finance Partners, Inc. California Bureau of Real Estate Broker License number 01523207 and California Department of Business Oversight, Finance Lenders License number 603K729. WFP Income Fund, LLC, California Department of Business Oversight, Finance Lenders License number 603K726. WFP Opportunity Fund, LLC California Department of Business Oversight, Finance Lenders License number 603K725. •Equal Opportunity Housing Lender• © 2016 Wilshire Finance Partners, Inc.

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