Hard Money Loan for West Hollywood Home Fix & Flip Project

Funded by Wilshire Quinn Capital, Inc.

$3,100,000

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

05/15/2014

Property Type
Single Family Residence
Property City

West Hollywood

Property State

CA

Interest Rate

%

Origination Points

%

Deal Summary

In May 2014, the Wilshire Quinn Income Fund financed a $3.1M hard money loan for a single family home fix & flip project in the Hollywood Hills above the Sunset Strip. The loan included funds for the acquisition and construction. Proceeds of the loan were placed in a fund control and then disbursed during the course of the project. The Borrower plans to remodel the entire home and sell upon completion. It was appraised for $5,750,000 so the LTV of this loan was 54%.

Funded By

Wilshire Quinn Capital, Inc.

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