Private Money Loan for Rental Home Purchase in Estero, Florida

Funded by Wilshire Quinn Capital, Inc.

$540,000

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.

Funded By

Wilshire Quinn Capital, Inc.

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