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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
11/14/2014
Property Type
Condominium
Property City
San Diego
Property State
CA
Interest Rate
%
Origination Points
%
Deal Summary
In November 2014, Wilshire Quinn Capital funded a $435K private money loan secured by a condominium in the Bankers Hill neighborhood of San Diego. The condominium is in a high-rise building, consists of more than 1,700 square feet with 2 bedrooms, 2 baths and has expansive views. The property was appraised the week before for $725,000 so the loan-to-value is 60% LTV. Wilshire Quinn paid off the previous lender and provided the cash out funds just 7 days after the initial request. The Borrower plans to sell the condo soon which will pay off this 1st trust deed loan.
Funded By
Wilshire Quinn Capital, Inc.
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