Wilshire Quinn Secures $6.1M Refinance Loan for New Property
Wilshire Quinn Secures a $6.1 Million Refinance Loan
Wilshire Quinn Capital has recently announced a significant milestone in private lending by providing a refinance loan amounting to $6,125,000 for a newly constructed multi-family building. This substantial funding is part of their operating strategy aimed at developing and supporting residential properties across diverse locations.
Details of the Newly Financed Property
The modern 12-unit property, which is located in a vibrant arts district, spans a total area of 18,432 square feet on a .31-acre lot, making it a notable addition to the community. It also provides essential amenities, including 14 designated parking spaces for residents, enhancing convenience and accessibility.
Strategic Location Benefits
This well-located property is surrounded by a diverse array of shopping, entertainment, and dining options, making it an attractive living choice for tenants. Moreover, its proximity to major transport links, including the nearby airport, further increases its appeal.
The Importance of Speed in Lending
Speaking on the significance of timely lending, CEO Christopher Garcia highlighted, "Speed is the cornerstone of our lending platform, allowing us to fund bridge loans in a matter of days rather than weeks or months. We understand that our borrowers depend on prompt financial support to meet their real estate objectives. Once we identify alignment with a borrower's goals, we act swiftly, as demonstrated by our latest funding effort."
About Wilshire Quinn Capital
Wilshire Quinn Capital has established itself as a prominent provider of senior debt financing across a variety of property types. Their portfolio includes investment properties, multi-family buildings, condos, hotels, parking lots, office buildings, and retail centers. As a direct lender, they have the capacity for rapid loan disbursement, usually within 5 to 7 business days.
Flexible Financing Solutions
The company offers loans ranging from $500,000 to $20,000,000, catering to both individual real estate owners and mortgage professionals nationwide. This flexibility allows Wilshire Quinn to support a broad spectrum of financing requirements across the real estate landscape.
Contact Information and Other Details
For those looking to explore financing opportunities with Wilshire Quinn, please reach out to their media contact Natalie Snyder at 619-872-6000 for further information. Interested parties can also find detailed information on their official website.
Frequently Asked Questions
What type of properties does Wilshire Quinn finance?
Wilshire Quinn provides financing for various types of properties, including residential, multi-family, condos, and commercial properties.
How quickly can loans be funded by Wilshire Quinn?
The company typically funds loans in as little as 5 to 7 business days, ensuring quick access to capital.
What is the range of loan amounts offered?
Wilshire Quinn offers loans ranging from $500,000 up to $20,000,000.
How does Wilshire Quinn ensure a swift lending process?
Wilshire Quinn emphasizes speed and alignment with borrower goals, allowing for rapid decision-making and funding.
Who can benefit from Wilshire Quinn's financing?
Real estate owners and mortgage professionals looking for quick financing solutions can benefit from Wilshire Quinn's services.
About The Author
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