Wilshire Quinn Capital, a renowned lender, provided a Bridge Loan for a significant transaction involving a Senior Living Facility. The property, spanning 87,000 square feet on 1.6 acres (with an extra 1.4-acre parking lot), is 15 miles southeast of Pittsburgh, PA. Acquired in 1998 for $410,000, it’s now valued at over $7 million. The borrower sought a $3.5 million loan, using funds to pay off an existing loan, make $400,000 in capital improvements, and stabilize the business.
Sponsor Details:
– FICO Score: 750+
– Liquidity: $500,000
– Experience: 30+ years in Commercial Real Estate with a portfolio of 300+ units.
This deal highlights Wilshire Quinn Capital’s expertise and the sponsor’s strong industry track record.
