This borrower has an 809 FICO score and a verified net worth of $20,000,000. He came to us in need of $1,300,000 in 72 hours to close escrow on a real estate purchase, or he would lose a six-figure earnest-money deposit. He was involved in a simultaneous 1031 exchange when the down-leg escrow failed to […]
Commercial Property in San Francisco Fillmore Jazz Preservation District
Our loan paid off a first mortgage of $1,000,000 and replenished money the borrower spent on extensively renovating the property, including seismically reinforcing the building. The payment on our loan is only 60% of the rents generated by the building, so the positive cash-flow is solid. Although a difficult loan type in today’s market, Sequoia […]
Condominium in San Francisco’s Prestigious Marina Neighborhood
This borrower has an 809 FICO score and a verified net worth of $20,000,000. He came to us in need of $1,300,000* in 72 hours to close escrow on a real estate purchase, or he would lose a six-figure earnest-money deposit. He was involved in a simultaneous 1031 exchange when the down-leg escrow failed to […]
2-Unit Residential in Larkspur
This property has been in the same family for over 50 years. The out-of-area owner had recently listed the property for sale, because they needed money for in-home medical care, but unfortunately could not wait for the property to sell to get the care they needed. They had a bank first mortgage but could not […]
Retail Store Front in the Marin County town of Fairfax
This borrower has a credit score of 757 and a conventional bank first currently on the property. The borrower, a certified gemologist whose business dates back to 1945, previously operated his jewelry store from this location but later moved to a larger location and leased this property to a local real estate company. He could […]