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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
02/24/2017
Property Type
Single Family Residence
Property City
Aguanga
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
27%
Building Square Footage
1,820
Lot Acreage
160
Deal Summary
Wilshire Finance Partners, a private debt fund, funded a $260,000 1st lien position equity cash-out loan secured by a single-family home in Aguanga, Riverside County, CA. This private mortgage allowed the Borrower to pull cash out from his vacation home to use for business purposes. The ranch property, located east of Temecula, consists of a 1,820-square-foot residence on 160 acres of land. The property was appraised for $960,000 so the total loan-to-value was 27%. This equity cash-out loan was funded in February 2017.
Funded By
Wilshire Quinn Capital, Inc.
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