Bridge Loan for Residential Investment Property in El Cerrito, California

Funded by Wilshire Quinn Capital, Inc.

$1,050,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

02/15/2017

Property Type
Single Family Residence
Property City

El Cerrito

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Property Value

$1,750,000

Loan-to-Value

60%

Building Square Footage

4,000

Deal Summary

Wilshire Quinn Capital, a portfolio bridge lender, funded a $1,050,000 1st lien position bridge loan for a residential investment property in El Cerrito, CA. The loan allowed the Borrower to purchase an investment property that needed to close quickly. The property is a 4,000-square-foot single-family residence, with four bedrooms, three and a half bathrooms, wrap around decks and views of the San Francisco Bay. The property was appraised for $1,750,000, giving the Wilshire Quinn Income Fund a total loan-to-value of 60% on the transaction. This SFR purchase bridge loan was funded in February 2017.

Funded By

Wilshire Quinn Capital, Inc.

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