Beverly Hills, CA

$1,230,000

Single Family Residence

Residential Rehab

11/14/2014
Transaction by
Wilshire Finance Partners
$1.23M Private money bridge loan for the purchase of a single family home in Beverly Hills. The Borrower is an experienced real estate investor who has used financing from Wilshire several times for his fix & flip projects in West LA and the San Fernando Valley. The purchase price was $1.8M. Wilshire sized the loan to 68% of cost, the Borrower put 32% cash down for the purchase, and the deal was funded in just 10 days. He plans to rehab and sell the home within 1 year.