Loan proceeds were used to pay off credit card debt - Image

Loan proceeds were used to pay off credit card debt

Fremont, CA

Loan Details

Loan Amount $250,000
Interest Rate 11.75%
Loan-to-Value 64.29%
Loan Position 2nd TD

Project Overview

This transaction demonstrates Marquee’s ability to deliver practical, efficient, and borrower-focused financing solutions that address real-world financial challenges.

The loan was structured as a 2nd trust deed with a 64.29% loan-to-value (LTV) ratio, ensuring strong collateral protection for investors while offering the borrower much-needed financial relief. The note carries an interest rate of 11.75%, balancing borrower accessibility with attractive investor returns.

The loan proceeds were used to pay off credit card debt incurred through attorney legal fees, providing the borrower with a clean slate and renewed financial flexibility. Traditional lenders typically do not extend financing for these types of situations, especially when personal or legal obligations are involved. By leveraging the flexibility of private money lending, Marquee was able to provide the borrower with a fast, secure solution to manage and consolidate debt efficiently.

This transaction was originated by Eric Baehr, whose experience and attention to detail ensured the deal was structured to align with both the borrower’s needs and investor protections. His ability to handle sensitive and unique financing scenarios reflects Marquee Funding Group’s expertise in private lending and its commitment to delivering results when conventional options fall short.

This Fremont funding illustrates the power of private money loans to provide practical, real-world financial solutions. By focusing on equity, speed, and borrower intent—rather than rigid credit or income restrictions—Marquee continues to bridge the gap between traditional banking and flexible private lending.

Property Location

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