SAN DIEGO--(BUSINESS WIRE)--Wilshire Quinn Capital, Inc. announced Tuesday that its private mortgage fund, the Wilshire Quinn Income Fund, has provided a $2,700,000 cash-out refinance loan in Hillsborough, California.

The single-family residence consists of 7 bedrooms, 6.5 bathrooms, 5,800 square feet, on a .70 acre lot.

The investment property was appraised last month for $5,450,000, giving Wilshire Quinn a total loan-to-value of 50 percent on the transaction.

Wilshire Quinn typically funds loans in 5 to 7 business days and originates bridge loans ranging from $200,000-$20,000,000. Wilshire Quinn works directly with real estate owners and mortgage professionals nationwide.

As for Wilshire Quinn’s typical borrowers, their customer base is fairly diverse; borrowers range from builders looking for rehab financing, to individuals who are looking to purchase or refinance an investment property. Wilshire Quinn, a California hard money lender, provides financing to borrowers who are unable to obtain credit from traditional lending institutions or need to close quickly on a property.

ABOUT WILSHIRE QUINN

Wilshire Quinn is a San Diego private money lender, Los Angeles private money lender, and San Francisco private money lender, and provides financing to borrowers who are unable to obtain credit from traditional lending institutions or need to close quickly on a property. Wilshire Quinn will consider lending on properties located nationwide including Portland and Seattle.