This borrower owns significant amounts of real estate, most of which is free and clear of encumbrances. The property had no loan on it, and the borrower wanted cash out to renovate the interior. Banks typically do not like to give this much cash out ($250,000), and the borrower preferred not to provide the extensive […]
Single Family Residence in San Francisco’s Richmond District
This borrower recently inherited this property. He requested our loan to build a second unit in the basement for his Mother to live in. The borrower has a 712 FICO score and a substantial income. The referring broker knew he could count on Sequoia to immediately fund the loan.
Single Family Residence in San Francisco’s Pacific Heights
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 […]
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 […]