New Closed Bridge Loan $2,631,000
|Loan Type: Bridge Loan||Loan Amount: $2,631,000|
|Loan Term: 2 Year||Loan to Value: 43%|
A decorated Marine pilot and second-generation operator demonstrating pride of ownership and strong operating history had a waiting list of additional residents for his 2 facilities. Wilshire structured a cross-collateralized, cash-out refinance to permit the construction of 2 additional wings on each facility consisting of additional residence quarters, a beauty salon and recreational facilities. By combining the construction on both facilities, the sponsor was able to achieve significant cost savings through his general contractor.
- Nationwide Direct Portfolio Lender, with two Real Estate Debt Funds.
- Entrepreneurial Approach, Institutional Sophistication and Discretionary Capital.
- Fast, Easy, Flexible Financing Solutions