Bridge loans can be really helpful for buyers that need to close a purchase prior to selling their departing residence. Marquee Funding Group can lend up to 70% of the combined value of any two, three, or more properties while keeping existing conventional loans in place (we can take a 1st, 2nd, or 3rd position on the departing residence while taking a 1st on the new purchase).
Utilizing both properties as collateral for one loan we can give borrowers a short term loan to acquire their new residence, move in, and give them enough time to sell the departing residence. When the departing residence sells the borrower will either pay off the loan in full or reduce the principal balance of the loan to 70%, or less, of the value of the newly acquired property for us to release the lien from the borrowers departing residence. After the departing residence sells the borrower will either be debt-free or the loan balance will be reduced so that borrowers are in a position to get a regular bank loan to pay off the balance.
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(818) 222-5222
Bridge loans provide borrowers with access to immediate funds for their projects. With a bridge loan, a homeowner, investor, or other type of borrower can put a down payment on a new property while they wait for their current one to sell. Marquee understands the types of real estate scenarios that require quick action. If a borrower can find a traditional lender to fund a bridge loan, it can take weeks to close the deal.
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Marquee is focused on building relationships. Our borrowers aren’t just another deal — they are our investment partners. We aim to establish long-lasting relationships that lead to many future deals.
We are able to fund bridge loans and many other types of loans that traditional lenders and other private lenders can’t or won’t do. This is due to our highly trained loan officers with years of industry experience.
The Marquee team is capable of structuring even the most unusual or challenging lending situations. We are proud to fill a gap left by other financing institutions. Let us hear your unique scenario.
LEARN ABOUT OUR LOAN PROGRAMS
Marquee Funding Group is a tight-knit group of experienced hard money lending experts. Each loan officer is highly trained and capable of structuring mortgage options for unique business and owner-occupied loan scenarios.
If you’ve tried to reach out to institutional lenders and were turned away, talk to Marquee. We welcome borrowers in unique financial situations that may not have conventional ways to prove they qualify.
Marquee is able to leverage our years of hard money lending experience to quickly evaluate your unique scenario. We offer alternative borrowers the opportunity to meet their lucrative goals.
With simple lending guidelines and quick processing and underwriting, we can provide you with a business-purpose bridge loan often closing within days. Consumer-purpose loans secured by a primary residence are subject to regulatory waiting periods under federal law that affect closing timelines. We understand the timeliness you need to succeed.
We offer the following broad and flexible lending guidelines and loan types:
Our loan options include:
Marquee Funding Group is a premier private lender in the real estate industry. We offer a wide range of business and consumer loan products that other private lenders simply don’t offer, including our fix and flip and fix and occupy loans.
Submit your loan scenario to Marquee today, or reach out to our team with any questions about your unique situation.
This page provides general information about Marquee Funding Group, Inc.’s consumer bridge loan programs and does not constitute an offer, commitment, or advertisement of specific loan terms, rates, points, or fees. Products described may be subject to the Home Ownership and Equity Protection Act (HOEPA) and other state and federal requirements applicable to high-cost consumer loans. Any consumer loan is subject to underwriting approval, applicable disclosure requirements, and compliance with all applicable federal and state high-cost loan restrictions. Nothing on this page satisfies, or is a substitute for, any disclosure required by law to be delivered to you directly in connection with a specific loan application. Terms shown, if any, are general and not final; they are not an offer of credit and may not reflect terms for which you personally qualify. Contact Marquee Funding Group, Inc. directly to discuss current terms applicable to your specific situation. Marquee Funding Group, Inc. is a real estate broker licensed by the California Department of Real Estate, DRE Corporate License #01870113, Corporate NMLS #267442
