Private Money Equity Cash-Out Loan for Duplex in Jersey City, New Jersey

Funded by Wilshire Quinn Capital, Inc.

$810,000

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.

Funded By

Wilshire Quinn Capital, Inc.

Bridge Loans for Commercial and Residential Property Nationwide