. . . got a bit of time, so here are a few ideas.
Firstly, how you create a junction to complete a new loop may well depend on various factors such as how quickly vis is lost, depth (affecting narcosis and deco time build up), temperature of the water (influencing manual dexterity), amount of gas available, likely future currents, availability of convenient belays, what belaying devices you are carrying, etc, etc.
In particularly difficult circumstances you may opt for a somewhat temporary arrangement which can be improved on a future dive. But remember that those "difficult circumstances" are also likely to make life awkward in future if the junction fails, leading to loose line. For example, a quick method (if there's no time to do a proper junction) might be simply to zip tie the lines together then continue reeling out beyond until you find a proper belay. This would leave the lines in a safe condition for other visitors, which you could then improve on the next dive. The downside is that you would temporarily have a 4-way junction.
Anyway, for what it's worth, here is a method I like to use. I'll refer to the line you are laying as the "new line" and the line you are joining onto (to create a T junction) as the "in situ line".
1. As you approach the in situ line, place a temporary "OUT" marker on the new line.
2. About 30 cm before you reach the in situ line tie a small overhand loop in the new line.
3. Pass the entire reel around the in situ line several times. If possible do this at a line tag on the in situ line as this will make surveying more accurate.
4. Secure this "wind around" area temporarily with a zip tie.
5. Pull off 2 m of slack from the reel then cut the reel off.
6. Secure remaining line on reel and clip to in situ line out of the way.
7. Use the 2 m tail of new line to tie in to the overhand loop in the new line (which you tied earlier, 30 cm before the junction). Any sensible knot will do - feed the line around to create a reef knot or tie a simple sheet bend.
8. "Lock" the knot just created with a few half hitches (using up the rest of the "tail" of new line).
9. "Lock" the half hitches by adding a couple of zip ties.
10. You should now have a small triangle of line. The sides of the triange can be drawn in if desired with further zip ties to tidy the whole thing up.
11. Belay the junction - e.g. by hero-looping a snoopy around the coiled area on the in situ line before attaching this to a boulder, flake, silt screw or drop weight.
12. Collect your reel, remove your temporary "OUT" tag and survey out along the new line. 13. Write your dive log A.S.A.P. to inform everyone else about the new line junction.
14. Consider installing a permanent "OUT" tag on a future dive, to indicate the easiest way out from the junction, if appropriate.
There are a few other things to think about. If vis is not easily disturbed you might consider travelling a short distance along the in situ line in each direction to identify the optimum place to create your new junction. If you find there is enough slack in the in situ line you might consider making an overhand loop in the in situ line instead of in the new line as described above. Your new line might also be used to create gentle tension in the in situ line, thus making the whole area safer (provided this does not pull the in situ line away from a safe course - or from a potentially useful belay for the whole junction).
These are just my ideas and you may well get better ideas from other people. Give it a go and let us know how you get on. You might well come up with something better.