The Alternative Solution®

Second Lien Bridge Loan Program

Like A Bank, But Better!


Bridge Loans offer commercial real estate investors the opportunity to leverage short-term financing benefits without compromising long-term ROI, making the property’s financial transition seamless.


  • Loan Amounts: $500,000 to $2,500,000
  • Lien Position: 2nd deed of trust
  • First Lienholder:
    • Insured Depository Institution (bank, credit union, etc.)
    • Other institutional lenders
  •  Rates:
    • Target: 12%
    • Range: 10% to 14%
  • CLTV:
    • 75%Target = sub-75%
    • Higher case-by-case on value add
  • Points: 
    • 2 to 2.5 points
    • Broker fees not to exceed Wilshire’s points
  • Recourse:
    • Personal guaranty required
  • Underwriting:
    • In place, cash flow must support the capital stack
  • Prepayment:
    • No Prepayment Penalty
  • Terms:
    •  Term: 2 year fixed, I/O with balloon

Geographic Location:

  • Target = Western US
  • Will consider mortgage (judicial foreclosure states) at lower loan to values

Transaction Types

  • Purchase
  • Refinance
  • Cash Out
    • Target = cash going back into the property to create value
    • Cash-out for other purposes on cash-flowing properties at lower CLTVs

Property Types

  • Multifamily (5+ units)
  • Office
  • Warehouse
  • Light Industrial
  • Senior Assisted Living


Formed in 2008, Wilshire Finance Partners is a real estate debt fund that makes bridge loans secured by seniors housing, healthcare, multifamily and commercial real estate nationwide.  Wilshire combines an entrepreneurial approach, institutional sophistication, and discretionary capital inside a boutique environment to deliver outstanding service to our origination partners and affiliates.

  • Execution Certainty
  • In house Funding Platform
  • Direct Lender
  • Referral Fees Paid
  • Broker Protection
Recent Closings
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2Asset 1

Loan Amount: $500,000
Purpose: Refinance
Lien Position: Second
Closing Time: 28 Days

First: $1,235,000

A good customer of the bank faced a maturity date on their existing loan. However, the refinancing request exceeded the bank’s loan-to-value threshold. Working with the banker, Wilshire funded into a combined loan facility consisting of a new first loan made by the bank with an accelerated amortization schedule and a new interest-only second loan made by Wilshire. Accelerating the amortization on the first loan would reduce the combined loan to meet the bank’s LTV threshold for a new loan by the bank in 18 months.

2Asset 2

Loan Amount: $520,000
Purpose: Cash Out Refinance
Lien Position: Second
Closing Time: 10 Days

First: $2,600,000

The purpose of the loan was to facilitate the restricting of the capital stack through a new first and second mortgage.  In addition to paying off the prior debt, a portion of the proceeds was used to buy-out an equity partner in the transaction. 

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Loans: The information contained on this website and the related communications are directed to real estate professionals only.  The information contained on this website and the related communications are not a loan approval, agreement or commitment to lend. The delivery or circulation of any attached documents is for discussion purposes only and Wilshire Finance Partners, Inc. may make substantial and material revisions to the same.  Rates and terms are subject to change without notice.  Loans made by Wilshire Finance Partners, Inc. California Department of Real Estate Broker License number 01523207 and California Department of Financial Protection and Innovation, Finance Lenders License number 603K729; WFP Income Fund, LLC, California Department of Financial Protection and Innovation, Finance Lenders License number 603K726; WFP Opportunity Fund, LLC California Department of Financial Protection and Innovation, Finance Lenders License number 603K725; or WFP Income Fund REIT, LLC, California Department of Financial Protection and Innovation Finance License number 60DBO-99184. •Equal Opportunity Housing Lender•

Investments: The information contained on this website and the related communications are not an offer to sell or the solicitation of offers to purchase the securities of the WFP Income Fund, LLC, the WFP Income Fund REIT, LLC, the WFP Opportunity Fund, LLC, loan or trust deed investments, participations or other securities offered by or through Wilshire Finance Partners, Inc. (individually and collectively, the “Securities”).  The purpose of this website and the related communications is to provide an overview of the respective Securities and their private placement. Persons interested in learning about the Securities and their private placement will be provided with the respective Private Placement Memorandum (inclusive of exhibits thereto and any supplements, the “Memorandum”), which provides a description of the Securities, the terms of their private placement, a discussion of risk factors, a copy of the limited liability company operating agreement for the respective fund (as applicable), a subscription agreement and other information related to the Securities.

This website and the related communications contain certain forward-looking statements regarding the Securities and the investment objectives and strategies of each of the Funds. The forward-looking statements are based on current expectations that involve numerous risks and uncertainties which are difficult or impossible to predict accurately and many of which are beyond the control of Wilshire, as the manager of the Funds. Although Wilshire believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements, the inclusion of such information should not be regarded as a representation by Wilshire, any placement agent, or any other person, that the objectives and strategies of the respective Securities will be achieved.

Investments in the Securities may only be made solely by accredited investors (which for natural persons, are investors who meet certain minimum annual income or net worth threshold), who are provided with the Memorandum and who complete, execute and deliver the subscription documents included therein, and otherwise comply with the requirements contained therein.  Each of the Securities is being offered in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act. Neither the Securities Exchange Commission nor any other state securities commission or agency has passed upon the merits of or given its approval to the Securities, the terms of the offering, or the accuracy or completeness of any offering materials. Each of the Securities is subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell the Securities. Past performance is not indicative of future results. Investing in any of the Securities, including the Funds, involves substantial risk, including loss of investment, and is not suitable for all investors.

To the extent there is any inconsistency between the information provided in this website. The related communications and the Memorandum, the information contained in the Memorandum shall control.

Other Notices: Information provided by Wilshire Finance Partners, Inc., its affiliates and their respective directors, managers, officers, employees and agents is not to be interpreted as legal, tax or accounting advice.  Wilshire Finance Partners, Inc. is a debt collector and is required by law to inform you that this communication may be an attempt to collect a debt and any information obtained will be used for that purpose.  Wilshire Finance Partners®, Proven Professional Performance®, Stable Income & Principal Protection®, and The Alternative Solution® are registered trademarks of Wilshire Finance Partners, Inc. © 2021 Wilshire Finance Partners, Inc.  All rights reserved.