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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/24/2019
Property Type
Multifamily
Property City
Los Angeles
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$2,500,000
Loan-to-Value
66%
Property Neighborhood
Wilshire Park
Number of Units
8
Building Square Footage
5,349
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $1,650,000 1st lien position refinance bridge loan secured by an 8-unit multifamily property in the Wilshire Park neighborhood of Los Angeles, California. The apartment complex is comprised of 5,349 square feet. The property has been fully renovated and was appraised for $2,500,000, resulting in a total loan-to-value ratio of 66%. This refinance bridge loan was funded in May 2019.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide