The second property is located on Wilshire Boulevard in Korea Town/Wilshire Center and consists of 56,000 square feet and 71 rooms. The independent hotel has a full restaurant and conference center, in addition to underground parking.
The loan was funded within eight business days of the capital request.
“As liquidity continues to tighten in capital markets and the commercial lending process becomes even more restrictive, Wilshire Quinn remains committed to providing fast lending solutions to our customers,” CEO and Chief Investment Officer Christopher Garcia said.
Wilshire Quinna San Diego-based national portfolio bridge lender and loan fund manager, is well known for its fast loan closings and competitive short-term lending rates.
ABOUT WILSHIRE QUINN
Since 2011, Wilshire Quinn (www.wilshirequinn.com) has provided senior debt financing ranging from $200,000 to $20,000,000 on a variety of property types including but not limited to: properties non-owner occupied residential properties, multi-family properties, condos, hotels, assisted living facilities, licensed land, parking lots, office buildings, industrial buildings and shopping malls. Wilshire Quinn works directly with homeowners and mortgage professionals nationwide.
Loans are made or arranged by Wilshire Quinn Income Fund, LLC pursuant to California Finance Lenders Law License #603J060. Wilshire Quinn Capital, Inc. is manager of Wilshire Quinn Income Fund, LLC. The above information is believed to be reliable but is not guaranteed. Nothing contained in the above information constitutes an offer or solicitation to buy or sell any security. Any such offer to purchase securities will only be made through Wilshire Quinn Income Fund, LLC’s private placement memorandum.
Media contact: Emily Mesetz, 619-872-6000, [email protected]
SOURCEWilshire Quinn Capital