Skip to content
logo
Search
Close this search box.
(800)865-9011

$465,000 Multifamily Property Cash-Out Refinance Bridge Loan

On September 28, 2023, in SAN DIEGO, CA, Wilshire Quinn Capital announced its latest financial transaction. The Wilshire Quinn Income Fund provided a significant $465,000 cash-out refinance loan in the vibrant borough of Brooklyn, New York.

PROPERTY HIGHLIGHTS

Property Type: This transaction involves a 3-unit multi-family property located in the thriving Brighton Beach neighborhood of Brooklyn.

Property Details: The property boasts 2,520 square-feet of living space, comprising 8 bedrooms and 5 baths, all situated on a 3,000 square-foot lot.

LOAN DETAILS

Loan Amount: The loan amount extended for this transaction is $465,000, providing substantial financial support.

Loan Type: This represents a Cash-Out Refinance, offering flexibility to the borrower.

Lien Position: Wilshire Quinn holds the 1st Trust Deed (TD) position, ensuring priority and security in the lending arrangement.

Property Type: The property falls under the Multi-Family category, reflecting its investment potential.

Loan-To-Value: The loan-to-value ratio stands at 50%, aligning with prudent lending practices.

Term: The financial agreement has a 12-month term, delineating the investment timeline.
Wilshire Quinn’s role in this transaction demonstrates its expertise in private lending, supporting real estate ventures in dynamic markets like Brooklyn, New York..

Funded Loan Amount
Funded City
Property Type
Click for other lenders that offer financing
for this property type
Region
Click for other lenders that offer financing
for this region
Loan Type
Click for other lenders that offer financing
for this loan type

Other deal by Wilshire Quinn Capital