Outside the Region: Wilshire Quinn provides $3.625 million rehab loan

San Diego, CA According to Wilshire Quinn Capital, Inc., its private lending fund, the Wilshire Quinn Income Fund, has provided a $3.625 million rehab loan.

The 37-room assisted living facility is comprised of 11,000 s/f on a 35,719 s/f lot in the College East neighborhood. The property was appraised on as completed basis for $6 million, giving the Wilshire Quinn Income Fund a total loan-to-value ratio of 60% on the transaction.

“The Southern California assisted living real estate market continues to be in strong demand by investors and we are fortunate to add this loan to our portfolio,” director of business development Matthew Mielke said.

Tags: Brokerage

Reprint

Previous Story Next Story

Adirondack Capital Partners arranges sale of 96-unit Ridgeview Townhomes & Apartments

Wilton, NY Adirondack Capital Partners (ACP) negotiated the sale of Ridgeview Townhomes & Apartments, a 96-unit multifamily community located at 23 Northern Pines Rd., to Yakar Partners, for an

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

IRG acquires 422,727 s/f distribution facility in south St. Paul

Investment Property Realty Group brokers $16 million sale of multi-family 205 Ashland Pl.

IPRG brokers $16m sale of 205 Ashland Pl.

OPEN Impact Real Estate secures 77,000 s/f lease of former Catholic School

OPEN Impact secures 77,000 s/f lease of former Catholic School

Investment Property Realty Group closes $2.326 million sale of multi-family 1684 Banyer Place

IPRG closes $2.326m sale of 1684 Banyer Pl.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Investment Property Realty Group closes $9.4 million sale of 73 Warren St.

Columns and Thought Leadership

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.