Wilshire Finance Partners’ annual audit of its Wilshire Income Fund II has demonstrated that investors realised a yield of 9.91 percent in 2008, the company’s first year of operation, a
Wilshire Finance Partners’ annual audit of its Wilshire Income Fund II has demonstrated that investors realised a yield of 9.91 percent in 2008, the company’s first year of operation, according to chief executive Thomas OBryon.
Formed in the midst of the mortgage and Wall Street crises, Wilshire Finance Partners, a multi-family and commercial real estate lending company, has weathered its share of challenges.
‘Although in retrospect, it might have been prudent to have waited a year to open our doors, the fund’s performance in 2008 has surpassed our expectations,’ says OBryon (pictured) who, with Kevin DeMeritt, president, co-founded Wilshire Finance Partners.
OBryon says Wilshire Finance Partners is not a traditional private lender.
‘We create real estate loans using any combination of terms and conditions to help investors make opportunistic purchases, and to enable problem real estate, speculative real estate and rehabilitated property to come back into productive use and economic viability,’ he says.
Wilshire Finance Partners was formed with the strategic objective of providing investors with the highest rate of return on a very low risk portfolio.
