Deal Details
Private Loan Type
Purchase
Approx. Funding Date
03/21/2019
Property Type
Single Family Residence
Property City
Estero
Property State
FL
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$900,000
Loan-to-Value
60%
Building Square Footage
3,089
Lot Square Footage
10,368
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $540,000 1st lien position private money loan for the purchase of an investment property in Estero, Florida which is just south of Fort Myers. The newly built single-family home is comprised of 3,089 square feet on a 10,368 square-foot lot and is located at The Preserve at Corkscrew, a 510-acre gated community in Estero. The subject property was appraised for $900,000 so our loan-to-value was 60%. This SFR private money loan was funded in March 2019.