Single Family Cash-Out Refinance

Wilshire Quinn Capital announced that its private lending fund, the Wilshire Quinn Income Fund, has provided an $870,000 cash-out refinance loan in Hopewell Junction, New York.
The subject property is a single-family residence located in Upstate New York. The property is comprised of 4,164 square-feet, 5 bedrooms and 3 baths, on a 12.2-acre lot.
The property appraised for $1,455,000, giving Wilshire Quinn a total loan-to-value ratio of 60 percent on the transaction.