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 11% for three years with interest-only payments and only charged a two point fee. The referring Broker charged a 1 point fee, and the borrower was thrilled.