Wilshire Quinn Capital Funds $6.1 Million Refinance Loan
Wilshire Quinn Capital Provides Significant Refinance Loan
Wilshire Quinn Capital has successfully issued a noteworthy refinance loan amounting to $6,125,000. This funding is aimed at a newly constructed multi-family building in an artful district known for its vibrant community.
Multi-Family Property Details
Completed recently, the property features 12 fully leased units that collectively span across 18,432 square feet. It's built on a .31-acre lot and cleverly designed to include 14 parking spaces, catering to the needs of its residents.
Ideal Location
Positioned strategically within the local arts district, this property enjoys the advantages of proximity to shopping centers, entertainment venues, and convenient access to transportation hubs, such as Burbank Airport, making it a desirable living space.
Speedy Lending Solutions
Christopher Garcia, CEO of Wilshire Quinn, emphasized the importance of speed in their lending operations. He stated, "Speed is the cornerstone of our lending platform. We fund bridge loans within days rather than months." This reflects their understanding of the urgency often felt by borrowers, allowing them to act quickly when the financial needs align with their objectives.
Overview of Wilshire Quinn's Services
As a prominent direct portfolio lender, Wilshire Quinn specializes in providing senior debt financing across a wide array of property types. Their offerings include financing solutions for investment residential properties, multi-family units, hotels, condos, office buildings, industrial sites, and retail centers.
Loan Flexibility and Speed
The company is capable of closing loans in as little as 5 to 7 business days, with amounts ranging from $500,000 to $20,000,000. This capacity allows them to cater to various real estate owners and mortgage professionals throughout the nation.
Commitment to Direct Collaboration
Wilshire Quinn works directly with clients, ensuring that their financial solutions are tailored to the specific requirements and goals of each borrower. Their approach fosters a strong partnership that supports diverse real estate ambitions.
License and Regulatory Compliance
Wilshire Quinn Income Fund, LLC is duly licensed under California Finance Lenders Law, and they emphasize transparency and compliance in all their transactions. Prospective borrowers are advised to review their qualifications and the terms applicable to loan products offered through Wilshire Quinn.
Media Contact Information
For media inquiries, reach out to Natalie Snyder at 619-872-6000 or via email at nsnyder@wilshirequinn.com. Wilshire Quinn is committed to open communication channels with the public and interested parties.
Frequently Asked Questions
What is the amount of the refinance loan provided by Wilshire Quinn?
The refinance loan issued by Wilshire Quinn is $6,125,000.
What type of property did the loan support?
The loan supported a newly constructed multi-family building comprised of 12 leased units.
What is the importance of speed in Wilshire Quinn's lending process?
Speed is crucial as it allows for quick funding of loans, helping borrowers avoid the delays commonly associated with traditional lending methods.
How does Wilshire Quinn ensure compliance?
Wilshire Quinn operates under California Finance Lenders Law and maintains strict regulatory compliance to guarantee transparency in their lending practices.
Who can I contact for more information about Wilshire Quinn?
For additional information, you can contact Natalie Snyder at 619-872-6000 or at nsnyder@wilshirequinn.com.
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