San Diego, CA

$750,000

Single Family Residence

Residential Rehab

11/15/2013
Transaction by
Wilshire Quinn Capital, Inc.
$750K Hard money bridge loan for a single family home in the Point Loma neighborhood of San Diego. The property was purchased through a probate sale. The Borrower needed private money to close the transaction quickly and to maintain enough funds for the rehab/construction costs. The property was appraised for $1,240,000 so the LTV of this bridge loan is 60%.