Rewrite to extend the loan an additional 24 months

Marquee Funding Group Extends $2,000,000 Private Money Loan in Manhattan Beach

Marquee Funding Group has successfully completed a $2,000,000 private money loan extension on a property in Manhattan Beach, California. This transaction was structured as a “rewrite,” extending the loan term by an additional 24 months, ensuring continued financial flexibility for the borrower while maintaining security for investors.

The loan is secured by a second trust deed at an interest rate of 11% and a loan-to-value (LTV) ratio of 57.29%. With conservative leverage and strong collateral in a prime coastal market, the extension provides a balanced solution that protects lender interests while enabling the borrower to pursue their long-term plans with confidence.

Loan rewrites such as this one highlight Marquee Funding Group’s ability to adapt financing structures to meet evolving borrower needs. Rather than forcing a refinance under time pressure, Marquee crafted a straightforward extension, allowing the borrower to retain favorable terms and avoid potential delays. For investors, this continuity means steady returns and a well-secured position in a desirable real estate market.

Sammy Stein, the loan originator, played a key role in negotiating and structuring the extension. His expertise in managing complex financing scenarios ensured a seamless process that met both the borrower’s objectives and the lender’s requirements.

This deal is a strong example of how Marquee Funding Group’s private lending platform offers both agility and dependability. By delivering tailored loan solutions, Marquee continues to support borrowers in competitive real estate markets while providing investors with consistent, risk-conscious opportunities.