Wilshire Quinn Capital announced Monday that its private lending fund, the Wilshire Quinn Income Fund, has provided a $600,000 cash-out refinance loan in Longport, New Jersey.
The single-family residence is comprised of 3,218 square-feet, 5 bedrooms and 5 baths, on a .83-acre lot. The property is located across from the Great Egg Harbor Inlet and just two blocks from the bay.
The property appraised for $1,975,000, giving Wilshire Quinn a total loan-to-value ratio of 30 percent on the transaction.
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