Sharon Quirk-Silva borrowed $430,000 dollars from Loretta Sanchez to buy a house

By Matt Levin, CALmatters | To buy a house, an Orange County legislator received a $430,000 personal loan from a former Orange County congresswoman—an arrangement that some legal experts labeled unusual, but that both politicians said was not improper.

Democratic Assemblywoman Sharon Quirk-Silva borrowed the sum from former U.S. Rep. Loretta Sanchez, an unsuccessful 2016 U.S. Senate candidate, in the fall of 2017, according to financial disclosure and property documents reviewed by CALmatters and confirmed by Quirk-Silva and Sanchez.

The loan was used to purchase a Fullerton house for nearly $600,000, which Quirk-Silva and her husband eventually moved into. After selling their previous home and arranging traditional bank financing, the documents indicate, Quirk-Silva and her husband repaid Sanchez—with interest, Quirk-Silva said. The existence of the loan appears on the assemblywoman’s state-required financial disclosure documents.

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