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Deal Details
Private Loan Type
Residential Rehab
Approx. Funding Date
04/01/2016
Property Type
Property City
San Diego
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Neighborhood
Point Loma
Building Square Footage
2,750
Deal Summary
Wilshire Quinn Capital, a portfolio bridge lender, funded a $800,000 1st lien position private money loan for a single-family home in the Point Loma neighborhood of San Diego, CA. The loan was provided to a local real estate investor intending to rehab and then sell the property later this year. The single family residence consists of 2750 square feet, with four bedrooms and two baths. The property has ocean and bay views, and sits on over half an acre of land. The loan was funded in 4 days after the request for capital was made, as the Borrower’s original lender could not fund the loan before close of escrow as initially promised. This SFR private money loan was funded in April 2016.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide