When the broker brought us this scenario the borrowers had put $450,000 down on a property they were acquiring. They needed an additional $845,000 as a bridge to afford them time to sell one property before a traditional bank would provide financing. All borrowers had excellent credit and Sequoia was able to quickly provide the […]
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.