Deal Details
Private Loan Type
Purchase
Approx. Funding Date
03/15/2016
Property Type
Office
Property City
San Diego
Property State
CA
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
54%
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $4,500,000 1st lien position bridge loan for the acquisition of an office building in San Diego, CA. Our loan-to-value was 54%. The loan term was set at 12 months. This CRE purchase bridge loan was funded in March 2016.