Construction of 5 units

Marquee Funding Group Provides $2,500,000 Construction Loan in Santa Barbara

Marquee Funding Group is pleased to announce the successful closing of a $2,500,000 private money construction loan to finance the development of five residential units in Santa Barbara, California. This deal, originated by Eric Baehr, underscores Marquee’s ability to provide flexible and timely capital solutions for developers pursuing high-demand housing projects in competitive markets.

The loan was structured with a 40% loan-to-value (LTV) ratio, offering a conservative approach that safeguarded investor interests while giving the borrower the necessary leverage to move forward with their project. Secured in a first trust deed position, the financing provides a strong security structure, making it a well-protected opportunity for investors. The loan carries an interest rate of 10.75%, creating attractive returns while still aligning with the borrower’s financing strategy.

This transaction reflects the strength of private money lending in the construction space, where traditional banks often impose rigid timelines and restrictive lending requirements. By stepping in with speed, creativity, and certainty, Marquee Funding Group enabled the borrower to capitalize on a lucrative development opportunity in Santa Barbara, one of California’s most desirable housing markets.

With housing demand continuing to outpace supply, particularly in coastal communities, construction loans like this play a pivotal role in bringing new inventory to market. For borrowers, Marquee’s solution offered more than just funding—it provided confidence and agility to execute on their vision without delays.

By structuring this deal, Marquee once again demonstrated its commitment to delivering tailored private money solutions that meet the diverse needs of borrowers while ensuring secure, high-yield opportunities for its investors.