New Closed Bridge Loan $7,700,000
CASH-OUT REFINANCE | VALUE ADD
|Loan Type: Bridge Loan||Loan Amount: $7,700,000|
|Loan Term: 18 Month||Loan to Value: 66%|
Speed and Certainty
An experienced developer needed financing to complete improvements for a well-located medical office building. Several previous lenders had stopped short of fulfilling their commitment to lend leaving the developer short on time and in need of transaction certainty. Wilshire was able to fund the loan in a shortened time period to meet the client’s needs.
- Nationwide Direct Portfolio Lender, with two Real Estate Debt Funds.
- Entrepreneurial Approach, Institutional Sophistication and Discretionary Capital.
- Fast, Easy, Flexible Financing Solutions