Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
05/02/2019
Property Type
2-4 Units Residential
Property City
Jersey City
Property State
NJ
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$1,350,000
Loan-to-Value
60%
Property Neighborhood
Journal Square
Building Square Footage
2,498
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $810,000 private money cash-out refinance loan secured by a 2-unit residential investment property in the Journal Square neighborhood of Jersey City, New Jersey. The duplex comprises 2,498 square feet and was recently appraised at $1,350,000 The loan-to-value ratio was 60 percent. This private money equity cash-out loan was funded in May 2019.