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Wilshire Quinn Lends on Newly Built San Diego Multifamily
Wilshire Quinn Capital said Wednesday that its private lending fund, the Wilshire Quinn Income Fund, has provided a $16,500,000 refinance loan in San Diego. The loan was provided to Next Space Development, which will use it to fund lease-up and stabilization.
The property is a newly constructed, 36-unit multifamily building in the Bankers Hill neighborhood of San Diego, two blocks from Balboa Park and a few minutes from downtown. The property is comprised of 26,501 square feet, on a 0.23-acre lot, including street-level retail and 21 below-ground parking spaces.
Wilshire Quinn Capital CEO Christopher Garcia said, “The property is a block from our headquarters in San Diego. We have seen the property transform from an empty lot during COVID to the incredible building it is today. Wilshire Quinn remains committed to providing swift and reliable funding solutions for our current and future clients during any type of business cycle.”
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- ◦Financing
