Sherman Oaks, CA

$840,000

Single Family Residence

Residential Rehab

10/15/2014
Transaction by
Wilshire Finance Partners
$840K Private money loan for the purchase of a single family home in Sherman Oaks, northwest Los Angeles County. The Borrower is an experienced real estate investor who has used financing from Wilshire FP several times for his fix & flip projects in the San Fernando Valley and Hollywood. The purchase price was $1.2M. Wilshire sized the loan to 70% of cost, the Borrower put 30% cash down for the purchase, and the deal was funded in just 4 days. He plans to rehab and sell the home, rent it and hold as a long-term rental property.