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38894 Trinidad Circle
FINANCED

Marquee Funding Group Finances Luxury Single Family Home In Palm Springs With $3M Acquisition Loan

38894 Trinidad Circle

Single Family
4,185 SF
clock iconFinanced 86 days ago
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Summary

Loan
CALIFORNIA
Single Family
4,185 sqft

A luxury single-family home located in Palm Springs, CA, with a square footage of 4,185, situated at 38894 Trinidad Circle, was recently acquired with the assistance of an Acquisition Loan amounting to $3,000,000. The property, built as a resort-style home, was purchased on a ground lease.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,000,000
  • Market: Palm Springs
  • Lender: Steven Simantob - Marquee Funding Group
  • Loan Type: Acquisition Loan
  • Loan Terms: 24mo. I/O Fixed, 64% LTV

Marquee Funding Group, represented by Steven Simantob, facilitated the acquisition of the luxury single-family home on a ground lease in Palm Springs. Despite the unique nature of the transaction, Marquee Funding Group successfully funded the purchase, showcasing their ability to support complex real estate deals.

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Marquee Funding Group
Marquee Funding Group

Details

Deal Summary
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FINANCED
IMAGE: Steven Simantob DATE: 04/16/2024 ADDRESS: 38894 Trinidad Circle MARKET: Palm Springs ASSET TYPE: Single Family ~ SF: 4,185 LENDER: Steven Simantob (@StevenSimantob) - Marquee Funding Group (@MarqueeFunding GroupOfficial) LOAN AMOUNT: $3,000,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 24mo. I/O Fixed, 64% LTV NOTE FROM LENDER: Marquee Funding Group recently funded the purchase of a non-owner-occupied luxury single-family home on a ground lease located in Palm Springs, CA. The property is a newly constructed resort-style home. We were one of the few lenders who were able to get comfortable with the transaction given the ground lease. Marquee had previously financed the property for the seller while the property was mid-construction in order to help with its completion. @marqueefundinggroupofficial is a private real estate lender that lends to both single-family and Commercial properties in 46 states. For more information on how we can finance your next transaction. Reach out to @stevensimantob ✉️ [email protected] ☎️ (818) 222-5222 ext.117

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