This self-employed borrower is a Realtor that completely gutted and renovated this property and had just listed it for sale when she approached us for a loan. The property was free-and-clear, and she needed $1,100,000 cash-out to purchase another property. Due to a value near $2,500,000, the likely listing period of six months allowed the […]
This borrower just completed ground-up construction on this commercial building and had yet to find a tenant. His current first mortgage was due, and our loan affords him the ability to meet his obligations, stabilize the income and seek conventional financing. We quickly funded $750,000 on this vacant building in the Bayview.
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 […]
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 is a non-profit church that requested an $850,000 loan to purchase a partially-vacant, mixed-use property for less than our loan amount, i.e. over 100% loan-to-value. Sequoia made the loan but cross-collateralized with the building the church uses as their temple to reduce the loan-to-value to an acceptable range below 50%. Sequoia lent at […]
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.