Mezzanine Bridge Loan for San Diego Commercial Property

Funded by Wilshire Quinn Capital, Inc.

$825,000

Deal Details

Private Loan Type

Mezzanine

Approx. Funding Date

05/15/2014

Property Type
Mixed-Use
Office
Property City

San Diego

Property State

CA

Interest Rate

%

Origination Points

%

Deal Summary

$825K Private money 2nd trust deed loan for the refinance of a mixed-use commercial property in Point Loma, San Diego. The building is occupied by a restaurant, bank, and various office tenants. The property was appraised for $1,600,000, representing a total loan-to-value of just under 52% The 1st lien consisted of a parking lease held by the previous owner of the building.

Funded By

Wilshire Quinn Capital, Inc.

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