Equity Cash Out Bridge Loan for Inglewood California Fourplex

Funded by Wilshire Quinn Capital, Inc.

Inglewood, CA


2-4 Units Residential


Transaction by
Wilshire Quinn Capital, Inc.
In March 2017, the Wilshire Quinn Income Fund provided a $240,000 1st Trust Deed bridge loan for an apartment complex in Inglewood, LA County, California. The loan allowed the borrower to pull cash out of the property which will be used for the down payment on another investment property. The multi-family property consists of 4 units totaling 3,430 square feet on a 10,400 square foot lot. The property was appraised last month for $950,000, resulting in a total loan-to-value of 25 percent.