Duplex Blanket Bridge Loan

The first property is a duplex located in the Pacific Beach neighborhood of San Diego. The property is comprised of 1,897 square-feet, 4 bedrooms and 3 baths, on a 6,794 square-foot lot.
The second property is a single-family residence located in Palm Desert, California. The property is comprised of 2,198 square-feet, 3 bedrooms and 2.5 baths, on a .20-acre lot.
The properties appraised collectively for $2,550,000, giving Wilshire Quinn a total loan-to-value ratio of 67 percent on the transaction.
The loan is also cross-collateralized by a single-family residence located in the Pacific Beach neighborhood of San Diego. The property is comprised of 5,500 square-feet, 4 bedrooms and 4.5 baths, on a .26-acre lot.