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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
12/15/2014
Property Type
Single Family Residence
Property City
San Diego
Property State
CA
Interest Rate
%
Origination Points
%
Deal Summary
In December 2014, Wilshire Quinn Capital funded a $570K private money bridge loan secured by a single family home in the Point Loma neighborhood of San Diego, CA. The Borrower is a family trust that wanted to cash out equity on their tenant-occupied property. The funds will be used for other investments. The estimated value is $950K so the loan-to-value for this bridge loan is 60% LTV. The Borrower plans to refinance with conventional financing. The loan term was 1 year.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide