)
Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
03/27/2019
Property Type
Single Family Residence
Property City
Mission Viejo
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$820,000
Loan-to-Value
60%
Building Square Footage
1,792
Lot Square Footage
8,584
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $490,000 1st lien position refinance private mortgage loan secured by a rental home in Mission Viejo, Orange County, California. The single-family home is comprised of 1,792 square feet on an 8,584 square-foot lot. The property was appraised at $820,000 so the loan-to-value was 60%. This SFR equity cash-out loan was funded in March 2019.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide