Private Money Refinance for Chicago Industrial Property

Wilshire Quinn Capital, Inc. provided a $1,250,000 refinance loan secured by an industrial property in Chicago, Illinois. The property is comprised of 32,434 square-feet on a 2.15 acre lot. The property was appraised for $1,945,000, so the loan-to-value is 64%. The loan was also crossed collateralized by a residential property with significant equity.