Rancho Santa Fe, CA

$2,600,000

Single Family Residence

Purchase

06/01/2016
Transaction by
Wilshire Finance Partners
First trust deed private money loan secured by a residential property in Rancho Santa Fe, San Diego County, CA. The purchase price was $4,000,000. The Borrower put $1,400,000 cash down and we funded the remaining 65%. The subject property is a very large luxury single family home consisting of almost 8,000 square feet. It was delivered vacant and is in good condition. The Borrower plans to rent the home and hold it as a long-term investment. He plans to eventually refinance with a conventional lender to pay off our loan within the 3-year loan term. We funded this 1st trust deed private mortgage in just 4 days, in June 2016.