This property sold in 2006 for $1,600,000. Our borrower, an out of state investor, was in contract to purchase this property for $1,200,000 from the foreclosing bank. She came in with approximately $500,000 as a down payment and needed a $720,000 first mortgage from us to complete her purchase. She likely could have secured bank […]
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 […]
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.
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 […]