Wilshire Finance Partners Expands Services to Provide Financing for Section 8 Redevelopment Nationally

LOS ANGELES--(BUSINESS WIRE)--Wilshire Finance Partners has expanded its lending services to include funding for redevelopment of affordable housing nationwide.

The surplus of vacant single family residences on the market, combined with a lack of Section 8 housing has created a window of opportunity to redevelop properties that will comply with affordable housing guidelines, according to Thomas OBryon, CEO. Unfortunately, funds are not being made readily available for redevelopment purchases, a void in the market that private funding can fill, he explained.

By expanding our lending services to include funding for redevelopment of Section 8 properties, Wilshire Finance Partners makes available financing for purchases, resulting in additional affordable housing, a segment of the market that is currently neglected by traditional lenders. Wilshire Finance Partners has already started the process of providing financing to assist in redevelopment of existing housing, making it affordable and accessible to low-income residents, he added.

Headquartered in Los Angeles, CA, Wilshire Finance Partners, an asset-based commercial and Section 8 real estate lending institution, is located at 1990 S. Bundy Dr. #630; Los Angeles, 90025. Phone: 866-575-5070; 310-736-1370; www.Wilshirefinancepartners.com.