Payoff current 2nd TD HELOC with First Bank & finish up construction/remodel

Marquee Funding Group Provides $850,000 Loan for Payoff and Construction Completion in Calabasas

Marquee Funding Group has successfully closed an $850,000 private money loan in Calabasas, California, designed to strategically assist the borrower in both debt payoff and property completion. This deal highlights Marquee’s ability to craft creative financial solutions that address multiple borrower needs in one streamlined transaction.

The financing was structured in a 2nd trust deed position with a loan-to-value (LTV) of 57.28% and carries an interest rate of 11.75%. The loan proceeds are earmarked for two critical purposes: first, to pay off the borrower’s existing 2nd TD HELOC with First Bank, thereby eliminating a prior obligation; and second, to provide funds to finish the construction and remodel of the subject property. By tackling both payoff and completion, the structure ensures that the borrower can not only stabilize their financial position but also enhance the property’s value upon completion.

Calabasas is one of Southern California’s most desirable residential markets, known for its luxury homes, privacy, and proximity to Los Angeles. The borrower’s ability to finish construction with this new financing places them in an advantageous position to either enjoy a newly completed residence or unlock future equity.

Traditional lenders often hesitate to finance projects that involve both debt payoff and construction. However, Marquee Funding Group’s flexible and borrower-focused approach allowed this loan to be structured quickly and efficiently, meeting the borrower’s pressing needs. By providing capital in a 2nd position with a conservative LTV, Marquee balanced security with flexibility, offering the borrower room to complete their vision for the property.

This transaction underscores Marquee’s role as a trusted private money lender, bridging the gap where conventional financing cannot—empowering borrowers to move forward with confidence.