Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
04/04/2019
Property Type
Single Family Residence
Property City
Laguna Beach
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$3,700,000
Loan-to-Value
11%
Building Square Footage
2,480
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $390,000 equity cash-out refinance loan secured by a residential investment property in Laguna Beach, Orange County, California. The single-family rental is comprised of 2,480 square feet, with 3 bedrooms and 3 baths. The property has ocean views and is located in Three Arch Bay, a gated community. The property was appraised last month for $3,700,000 so the total loan-to-value ratio is just under 11 percent. This SFR equity cash-out loan was funded in April 2019.