Los Angeles, California – February 17, 2016 – Wilshire Finance Partners, manager of the WFP Income Fund and WFP Opportunity Fund, announced today $60 million in new capital commitments from strategic partners which reduce the starting rate on its private money loan programs to 7.50%.

Wilshire Finance Partners is a direct, portfolio private money lender that provides short term bridge loans to real estate investors secured by first trust deeds and mortgages against residential, multifamily and commercial real estate within the United States.

“We continue to be pleased with the build-out of Wilshire’s loan products and lending platforms, and the development of these relationships is a continuation of our commitment in the small balance, non-bank lending space,” said Don Pelgrim, CEO of Wilshire Finance Partners. “Combined with Wilshire’s other balance sheet funding abilities, both at the holding company and through the funds we manage, Wilshire provides a consistent funding platform and now a less expensive alternative for higher quality private money lending transactions.”

Contact:
Donald Pelgrim
CA BRE #00944722
Phone: (310) 736-1370
Email: dpelgrim@wilshirefp.com

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