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

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.