Marquee Funding Group Finances Luxury Single Family Home In Palm Springs With $3M Acquisition Loan
38894 Trinidad Circle
Single Family
4,185 SF
4,185 SF
Financed 15 days ago
Summary
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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38894 Trinidad Circle
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