Marquee Funding Group Closes $3,490,000 Debt Consolidation Refinance in Venice Beach
Marquee Funding Group successfully closed a $3,490,000 private money loan, originated by RJ Solovy, to refinance and consolidate debt on a prime property in Venice Beach, California. This transaction was structured to pay off an existing, maturing first trust deed, allowing the borrower to secure long-term stability and continued control of their property in one of Los Angeles’ most dynamic coastal communities.
The deal was funded at a 66.48% loan-to-value (LTV) ratio, reflecting both a healthy equity cushion and the high market value of Venice Beach real estate. Structured as a 1st trust deed, the loan offered strong security for investors while meeting the borrower’s immediate need for capital.
The loan carried an interest rate of 10.875%, reflecting market pricing for private debt consolidation solutions. While higher than conventional lending rates, the terms provided the borrower with flexibility, speed, and certainty—key advantages in a private lending transaction. By consolidating multiple debts into a single note, the borrower reduced financial pressure and avoided the risk of losing equity tied to the maturing loan.
Venice Beach is a globally recognized market, combining high property demand, cultural appeal, and limited housing supply. These market fundamentals make transactions in the area attractive to investors, even at higher leverage or tighter timeframes.
This loan highlights Marquee Funding Group’s ability to deliver creative financing solutions that balance borrower needs with investor confidence. By acting quickly and structuring a refinance that consolidated obligations, Marquee not only safeguarded the borrower’s ownership but also provided investors access to a well-secured loan in one of Southern California’s most desirable real estate markets.
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