Long Beach, CA

$1,000,000

2-4 Units Residential

Refinance

05/15/2012
Transaction by
Wilshire Quinn Capital, Inc.
$1M Private money bridge loan for the refinance of a 4-unit residential property in Long Beach, LA County. The previous 1st mortgage was maturing and needed to be paid off quickly. The property was appraised for $2,400,000 so the LTV of this bridge loan was 42%.