San Diego, CA

$570,000

Single Family Residence

Refinance

12/15/2014
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.