Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
04/08/2019
Property Type
Retail
Property City
Saint Helena
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$1,435,000
Loan-to-Value
45%
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $650,000 1st lien position equity cash-out refinance loan secured by a retail property in Saint Helena, Napa County, California. The commercial retail building is comprised of 2,880 square feet set in an 11,325 square-foot lot. The property was appraised at $1,435,000 so our total loan-to-value ratio is 45%. This CRE private money loan was funded in April 2019.