Wilshire Quinn Reaches $200 Million in Loans Funded
SAN DIEGO--(BUSINESS WIRE)--Jul 29, 2020--
Wilshire Quinn Capital, Inc. announced today that its private mortgage fund, the Wilshire Quinn Income Fund, has funded more than $200 million in bridge loans since it was launched in 2011. The announcement comes just two years after the San Diego, California-based bridge lender reached the $100 million milestone.
“Even during today’s difficult economic times, we’re continuing to grow and support real estate owners who require short-term financing,” Wilshire Quinn Capital CEO Christopher M. Garcia said. “As our loan volume and assets under management increase, I am proud of our ability to efficiently scale operations and provide value to borrowers and investors during a down economy.”
Wilshire Quinn specializes in bridge loans, a type of asset-based loan financing through which a borrower receives funds secured by property. Through its emphasis on in-house loan origination, the loan process is streamlined and typically closes within seven days.
“At Wilshire Quinn, we place more emphasis on the value of the real estate asset, not necessarily the borrower’s credit history or their debt-to-income ratios,” Garcia said. “Our no-nonsense approach and competitive lending rates have allowed us to quickly become one of California’s premier boutique bridge lenders.”
Wilshire Quinn finances loans nationwide for many types of properties, including office, retail, industrial, mixed-use, multi-family and non-owner-occupied SFRs.
About Wilshire Quinn Capital, Inc.
Wilshire Quinn Capital serves as the managing partner of the Wilshire Quinn Income Fund, actively working to provide fast, reliable funding for borrowers and consistent returns for investors. Loans typically range from $200,000 to $20 million. Wilshire Quinn is a direct private money lender focused on short-term bridge loans secured in first lien position and is headquartered in San Diego, California, with additional offices in Los Angeles and San Francisco.
Loans are made or arranged by Wilshire Quinn Income Fund, LLC pursuant to California Finance Lenders license #603J060. The information above is deemed reliable but is not guaranteed. Portions of the loans described above may be sold to third party purchasers and does not necessarily reflect the amount held in the Fund’s loan portfolio. Nothing contained in the information above is an offer or solicitation for the purchase or sale of any security. Any such offer to purchase securities will be made only through the Offering Circular for the Wilshire Quinn Income Fund, LLC.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY
SOURCE: Wilshire Quinn Capital, Inc.
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PUB: 07/29/2020 11:00 AM/DISC: 07/29/2020 11:00 AM