Wilshire Quinn Capital’s private lending fund, the Wilshire Quinn Income Fund, has provided a $1,575,000 cash-out refinance loan in Los Angeles, California.
The subject property is a fully-leased retail building located in West Los Angeles. The property is comprised of 3,055 square-feet, including 10 parking spaces, on a .83-acre lot.
The property appraised for $2,230,000, giving Wilshire Quinn a total loan-to-value ratio of 71 percent on the transaction. The loan is also cross-collateralized by a 4,250 square-foot single-family residence in the Hollywood Hills.
