Costa Mesa, CA


Single Family Residence


Transaction by
Wilshire Quinn Capital, Inc.
$570,000 First Trust Deed loan in Costa Mesa, California. The borrower refinanced the property in order to invest in a business venture. Built in 2007, the single family residence consists of three bedrooms, two and a half baths, and approximately 2,300 square feet. The property was appraised last month for $950,000, giving the Wilshire Quinn Income Fund a total loan-to-value of 60 percent on the transaction.