)
Deal Details
Private Loan Type
Refinance
Approx. Funding Date
02/28/2019
Property Type
Industrial
Property City
Chicago
Property State
IL
Lien Type
1st Mortgage
Payment Type
Interest Only
Building Square Footage
32,434
Lot Acreage
2.15
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $1,250,000 1st lien position refinance loan secured by an industrial property in Chicago, Illinois. The property is approximately 32,434 square feet set in a 2.15-acre lot. It was appraised at $1,945,000 so our loan-to-value is 64%. The loan was also crossed collateralized by residential property with significant equity. This private money refinance loan was funded in February 2019.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide