Marquee Funding Group Closes $825,000 Rate & Term Refinance in San Jose, CA.
Marquee Funding Group recently funded an $825,000 private money loan in San Jose, California, providing a timely refinancing solution for a borrower facing loan maturity. This transaction demonstrates Marquee’s commitment to delivering fast, flexible funding options for borrowers in need of creative alternatives to traditional lending.
The loan was structured in a 1st trust deed position with a loan-to-value (LTV) of 68.75% and carried an interest rate of 11.25%. The purpose of the financing was a rate and term refinance—a strategic move necessitated by the borrower’s prior loan reaching maturity. Without a timely refinance, the borrower risked default exposure or challenges with property retention. Marquee stepped in to ensure a smooth transition, securing terms that aligned with the borrower’s financial goals while maintaining a responsible LTV ratio.
San Jose, a hub for technology and innovation in Silicon Valley, remains one of the strongest real estate markets in California. By securing refinancing, the borrower not only preserved their property but also positioned themselves to continue leveraging their real estate asset in a high-demand region.
Conventional lenders often impose strict requirements and lengthy timelines that do not align with borrowers facing immediate deadlines. Marquee Funding Group’s speed, adaptability, and in-house decision-making allowed this loan to close quickly, offering peace of mind to the borrower while protecting the asset’s value.
This successful transaction underscores Marquee’s expertise in solving time-sensitive financing challenges. By providing a tailored refinancing solution, Marquee once again reinforced its role as a leading private money lender in California, helping clients move forward with confidence and financial stability.
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