Equity Cash Out Bridge Loan for San Diego Rental Property

Funded by Wilshire Quinn Capital, Inc.

San Diego, CA


Single Family Residence


Transaction by
Wilshire Quinn Capital, Inc.
In December 2014, Wilshire Quinn Capital funded a $570K private money bridge loan secured by a single family home in the Point Loma neighborhood of San Diego, CA. The Borrower is a family trust that wanted to cash out equity on their tenant-occupied property. The funds will be used for other investments. The estimated value is $950K so the loan-to-value for this bridge loan is 60% LTV. The Borrower plans to refinance with conventional financing. The loan term was 1 year.