Vista, CA

$2,215,000

Healthcare, Office

Refinance

09/22/2017
Transaction by
Wilshire Quinn Capital, Inc.
1st Trust Deed refinance bridge loan for two medical office properties in Vista, San Diego. The subject property consists of two medical office buildings comprised of 23,800 square feet and is situated on a 66,700 square foot lot with significant parking. The property was appraised this month for $3,750,000, giving the Wilshire Quinn Income Fund a total loan-to-value of 59 percent on the transaction. We also cross collateralized an additional commercial property in National City. This bridge loan was funded in September 2017.