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Press release content from Business Wire. The AP news staff was not involved in its creation.

Wilshire Quinn Provides $3,400,000 Refinance Loan in New York, New York

December 31, 2020 GMT

SAN DIEGO--(BUSINESS WIRE)--Dec 31, 2020--

Wilshire Quinn Capital, Inc. announced Thursday that its private lending fund, the Wilshire Quinn Income Fund, has provided a $3,400,000 refinance loan in New York, New York.

The investment property is a penthouse condominium located in the Lincoln Square neighborhood on the Upper West Side of Manhattan.

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The property is comprised of 4 bedrooms, 3.5 baths, and 2,770 square-feet, with an additional 1,120 square-foot private terrace, with views of Central Park and the surrounding area.

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.

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Loans are made or arranged by Wilshire Quinn Income Fund, LLC pursuant to California Finance Lenders Law license #603J060. Wilshire Quinn Capital, Inc. serves as manager of the Wilshire Quinn Income Fund, LLC. The information above is deemed reliable but is not guaranteed. 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 Private Placement Memorandum of Wilshire Quinn Income Fund, LLC.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201231005252/en/

CONTACT: Anna Janiec

ajaniec@wilshirequinn.com

(619) 872-6000

KEYWORD: CALIFORNIA NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY FINANCE URBAN PLANNING BANKING REIT PROFESSIONAL SERVICES SMALL BUSINESS RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Wilshire Quinn Capital, Inc.

Copyright Business Wire 2020.

PUB: 12/31/2020 06:02 PM/DISC: 12/31/2020 06:02 PM

http://www.businesswire.com/news/home/20201231005252/en