Markour Funding & Investments

Markour Funding

Markour Funding & Investment
is a privately held mortgage lender and advisory firm headquartered in Scottsdale, Arizona which specializes in fast financing for debt, equity and land banking on real estate projects in the $100,000 to $50,000,000 range. As a highly reputable, successful and growth-focused company, we bring decades of experience across the entire spectrum of real-estate financing throughout Arizona, the Southwest United States and Mexico.

At Markour, we've created an exceptional business focused on delivering privately funded financing to a wide range of clients. Our proven diligence, impeccable operating standards and expertise help to ensure that the funding process will run more rapidly and reliably than any other company in the market.

We're proud of the incomparable personal service and years of combined experience we bring to each and every loan negotiation, which enables us to mitigate risk and bring our clients and partners a fast and efficient closing process.

Led by a seasoned mortgage specialist with an astonishing track record of 10 year returns averaging 12% to 15% to investors; we can proudly say that none of Markour clients have ever lost money in transactions!

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In recent years, with a more volatile stock market, more and more pension fund managers, as well as private investors, have turned to deeds of trusts to diversify their portfolios. Deeds of trust are solid real estate backed investments that offer excellent and predictable yields. Many private investors are now using their retirement funds for these investments through self-directed 401K and IRA programs.

Deeds of Trust are mortgage like instruments used to secure liens against real property and provide passive income for the investor. These loans are equity based loans secured at lower LTVs (Loan to Value) so that repayment is guaranteed by the property rather than the borrower. Investing in a deed of trust makes you in fact a mortgage lender.

There are of course many banks and mortgage companies offering mortgage loans to qualified individuals. However, often the corporate guidelines of those institutions bar certain borrowers or properties for any number of different reasons. In these cases many of these borrowers will turn to private sources to secure the necessary financing. Since these loans are outside of regular conventional guidelines the interest rates run anywhere from 12-18 percent. Depending on the level of risk involved.

To understand deed of trust investing, it is important to understand how banks and mortgage companies evaluate loans. Conventional lending uses the 3Cs principal; character, capacity, and collateral. In a conventional loan the most important thing is character (credit, stability). Secondly is the borrower’s capacity to repay the loan (income to debt), and lastly is the collateral (property) itself.

Private equity lending is the exact opposite! The collateral is the most important because if the borrower does not repay the loan then the lender looks to the property to secure repayment. If the borrower defaults on the loan the deed of trust allows the lender to sell the property at a public sale called a trustee sale. It takes ninety days to have a trustee sale and the borrower has until the end of that time to bring the loan current. This is called reinstating. However, once sold the property is gone.

Deeds of trust can be an excellent adjunct to any portfolio and offer guaranteed interest rates. Market fluctuations cannot affect your contracted rate of return.

What is the downside?

Any smart investor knows that no one is going to pay you 12-18 percent without some risk. So the questions are; what is my risk and how can I limit it? Investors want to lend their money and have it repaid with interest and with as few problems as possible. Although this is what happens in the vast majority of these loans there is always the potential for some problems.

The first of these is late payments. This can be especially annoying if you are using the payments to supplement your income. Because these loans are more risky and often the borrowers have less than perfect credit, private loans have a higher rate of late payments than most conventional mortgages. To compensate for this, hefty late penalties are built into these loans which increase the investors guaranteed yield. Some investors actually prefer when their borrowers pay late because of the increased yield.

Although most private loans are paid off, there can be occasions when it becomes necessary to foreclose. Because we make sure that the borrower has a strong equity position in the property, many borrowers will prefer to sell the property rather than allow it to be foreclosed. The investor is paid off from the proceeds of the sale. On the rare occasions where the property actually goes to trustee sale the property is sold to the highest bidder. There are lots of bargain hunters buying properties at foreclosure sales so someone else often buys the property and the investor gets back all of his principal, interest, penalties, and costs out of the sale price. Bidding starts at what the investor is owed with everything included.

On occasions the investor may end up taking back the property and having to resell it to recover their investment. Most of the time, the investor will sell the property quickly for enough to just get their money back. Although some investors have actually made a profit when reselling a foreclosed property, once the property has been foreclosed it now belongs to the investor and any profits realized from the sale belong to the investor as well. Probably the worst downside would be to have the borrower seek protection from the courts through bankruptcy proceedings. However, since this is a secured debt it cannot be discharged and the court will eventually require them to sell the property and settle the debt. While this can take a while….interest and penalties continue to accrue until the debt is retired.

So how does it work?

When you’ve made the decision to add deeds of trust to your pension fund holdings, personal portfolio, or retirement fund assets the next step is to let us know how much you want to invest and in what types of loans. Some investors want only single family homes, or only first mortgages, or only urban properties.

Once you let us know how much you have available and what your lending parameters are we will match you up with available loans. For loans that you have an interest in you will be provided:

+ Loan Summary
+ Borrower's Loan Application
+ Borrower's Credit Report
+ Property Appraisal or Evaluation
+ Preliminary Title Report
+ Other Pertinent Documentation

Once you have decided on a particular loan you receive a copy of the note, escrow instructions, deed of trust, and funding instructions. All loans are closed and serviced at Canyon State Account Servicing, one of Arizona's largest and most
respected title companies.