Private Money Loan for Long Beach Residential Investment Property

Funded by Wilshire Quinn Capital, Inc.

Long Beach, CA


Single Family Residence

Residential Rehab

Transaction by
Wilshire Quinn Capital, Inc.
In July 2015, Wilshire Quinn Capital funded a $450K private money refinance loan secured by a vacant single family home in Long Beach, California. The proceeds from the loan are being used to complete a minor rehab on the property. The property consists of more than 2,100 square feet with 4 bedrooms, 2 baths, on a 9,000 square foot lot. The property was appraised for $825,000 so the loan-to-value is 55% LTV. We paid off the previous lender and provided the equity cash out funds just 4 days after the initial request. The Borrower plans to rent the home and a bank refinance will pay off this 1st trust deed private mortgage.