San Diego, CA




Transaction by
Wilshire Quinn Capital, Inc.
In November 2014, Wilshire Quinn Capital funded a $435K private money loan secured by a condominium in the Bankers Hill neighborhood of San Diego. The condominium is in a high-rise building, consists of more than 1,700 square feet with 2 bedrooms, 2 baths and has expansive views. The property was appraised the week before for $725,000 so the loan-to-value is 60% LTV. Wilshire Quinn paid off the previous lender and provided the cash out funds just 7 days after the initial request. The Borrower plans to sell the condo soon which will pay off this 1st trust deed loan.