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Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
12/14/2018
Property Type
Multifamily
Property City
Sacramento
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$1,575,000
Loan-to-Value
60%
Occupancy at Closing
Tenant-Occupied
Number of Units
8
Lot Square Footage
6,472
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $950,000 1st lien position cash-out refinance loan secured by a multifamily property in Sacramento, California. The property is comprised of 6,472 square feet, with 8 units, all of which are fully rented. The property was appraised at $1,575,000, so the loan-to-value is 60 percent. This equity cash-out loan was funded in December 2018.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide