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.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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