West Hollywood, CA

$3,100,000

Single Family Residence

Residential Fix and Flip

05/15/2014
Transaction by
Wilshire Quinn Capital, Inc.
In May 2014, the Wilshire Quinn Income Fund financed a $3.1M hard money loan for a single family home fix & flip project in the Hollywood Hills above the Sunset Strip. The loan included funds for the acquisition and construction. Proceeds of the loan were placed in a fund control and then disbursed during the course of the project. The Borrower plans to remodel the entire home and sell upon completion. It was appraised for $5,750,000 so the LTV of this loan was 54%.