At Marquee we use the borrower’s financial situation and previous renovation experience to determine terms such as maximum loan amount, interest rate, and origination fees. We match you with the ideal loan product for your unique circumstances.
An “After Repair Value” (ARV) appraisal based on the borrower’s renovation plans and budget, along with the total project cost, is used to determine the maximum loan amount. The loan amount designated for renovations is held in a construction escrow and funds are reimbursed through approved construction draws as work is completed.
* Commercial terms of each loan may vary based on the borrower’s experience, the principal’s financial position, and other standard underwriting requirements.
* Rates and fees may vary depending on underwriting requirements.
* Marquee originates only first-lien mortgage loans.