Wilshire Quinn Hits $150 Million in Total Loan Volume
SAN DIEGO, Calif., May 09, 2019 (GLOBE NEWSWIRE) -- Wilshire Quinn Capital, Inc. announced that its private mortgage fund, the Wilshire Quinn Income Fund, has now funded over $150,000,000 in bridge loans since its inception in 2011.
“Fixed-income investors are keenly in search for funds such as ours that have a long track record of consistent and secured returns. Our success is a direct result of diligent underwriting of all loan submissions that fit within our criteria, financing is then quickly made available, and loans are funded expeditiously thereafter,” said Christopher M. Garcia, CEO of Wilshire Quinn Capital, Inc.
Unlike traditional lenders, bridge lenders focus more upon the equity in a property relative to the borrower’s credit profile. Wilshire Quinn’s underwriting and funding process can take place in a matter of days, instead of weeks or months like a traditional lender.
The Wilshire Quinn Income Fund has returned 60.67% (net of fees) to its investors since September of 2011, without any monthly drawdowns or the use of leverage. The Fund caters to investors in search of a diversified pool of trust deed investments with passive income and low loan-to-value ratios.
Wilshire Quinn is a portfolio lender and provides financing on a wide variety of property types including office, retail, industrial, mixed-use, multi-family, and non-owner occupied SFRs. 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 company’s website at www.wilshirequinn.com contains additional information.