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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
03/22/2019
Property Type
Single Family Residence
Property City
Berkeley
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$1,800,000
Loan-to-Value
51%
Property Neighborhood
Northwest Berkeley
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $925,000 1st lien position refinance loan secured by a residential investment property in Berkeley, Alameda County, California. The single-family home, located in the Northwest Berkeley neighborhood, is comprised of 2,026 square feet on a 4,400 square-foot lot. The property has been remodeled and appraised this month for $1,800,000 so the loan-to-value ratio is 51%. The Borrower plans to utilize the property as a full-time rental. This SFR hard money refinance loan was funded in March 2019.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide