San Diego, CA

$3,625,000

Assisted Living Facility

Commercial Property Value Add

05/14/2019
Transaction by
Wilshire Quinn Capital, Inc.
Wilshire Quinn Capital provided a $3,625,000 rehab loan for a senior assisted living facility in San Diego, California. The 37 room facility is comprised of 11,000 square-feet on a 35,719 square-foot lot. The property is located in the College East neighborhood, approximately one mile from San Diego State University. The property was recently appraised on as completed basis for $6,000,000, resulting in a total loan-to-value of 60 percent.