Marquee Funding Group recently funded a $3,000,000 loan secured by a luxury property in Palm Springs, California, that included a ground lease component. By structuring a private money loan around this unique feature, Marquee once again demonstrated its expertise in financing complex real estate scenarios that conventional lenders often avoid.
The loan was structured with a 12% interest rate, a 64% loan-to-value ratio, and secured in a 1st trust deed position. With a conservative LTV and strong lien priority, the deal offered security for investors while providing the borrower with flexible capital to move forward.
Properties with ground leases can present significant challenges when seeking financing through traditional banks. Many lenders are unwilling to underwrite loans tied to ground leases due to their perceived complexity and specialized terms. However, private money lenders like Marquee excel in identifying strong collateral positions and tailoring structures that make these deals possible.
Palm Springs continues to attract luxury buyers and investors, drawn by its strong vacation rental market, vibrant resort lifestyle, and high demand for premium properties. This transaction highlights Marquee’s ability to act quickly in competitive markets and to design solutions for unique property profiles—including those with ground lease considerations.
See how we can help with your next real estate investment opportunity. Our experienced team is ready to provide competitive rates and fast approvals.
