Private Money Equity Cash-Out Loan for SFR in Laguna Beach, California

Funded by Wilshire Quinn Capital, Inc.

$390,000

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.

Funded By

Wilshire Quinn Capital, Inc.

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