Bridge Loan Cash Out Refinance Towards Purchase of a New Primary Residence

Marquee Funding Group Closes $3,500,000 Bridge Loan Cash-Out Refinance in Rancho Mirage, CA

Marquee Funding Group is excited to announce the successful closing of a $3,500,000 bridge loan cash-out refinance in Rancho Mirage, California. This transaction provided the borrower with the liquidity needed to facilitate the purchase of a new primary residence while leveraging equity in their existing property.

The loan was structured in a 1st trust deed position with a loan-to-value (LTV) of 58.33%. Carrying an interest rate of 11%, the financing reflects both the strength of the collateral and the borrower’s ability to capitalize on Marquee’s flexible private lending platform. Unlike traditional banks, Marquee was able to quickly assess the borrower’s needs and provide a tailored solution that aligned with their timeline and objectives.

Bridge loans like this serve as a crucial financial tool for borrowers in transition—whether moving into a new residence, awaiting the sale of an existing property, or seeking additional liquidity. By structuring the deal as a cash-out refinance, the borrower was able to unlock equity from their current home and direct those funds toward acquiring a new primary residence without being hindered by delays or rigid underwriting requirements common with conventional lenders.

The transaction also demonstrates Marquee’s ongoing commitment to providing fast, creative, and reliable funding solutions across California’s most sought-after markets. Rancho Mirage, located in the heart of the Coachella Valley, remains a prime location for luxury primary and secondary residences. This deal highlights how private money lending continues to play a vital role in empowering borrowers to move swiftly in competitive real estate markets.

With this closing, Marquee Funding Group reinforces its reputation as a trusted partner for bridge loans and cash-out refinances, delivering capital with speed, security, and expertise.