This property was purchased in July of 2008 for $1,450,000 all cash. The owners are entrepreneurs that needed $550,000 cash out to secure the lease and make improvements to their new store, located across the street from the San Francisco Giants stadium. Since banks are very limited in terms of the amount of cash out they will allow and the national lender they were working with was unable to secure a loan, this became a perfect scenario for Sequoia. Our loan provided the borrower with the cash-out they desperately needed and the referring broker was amply paid for their efforts.