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 […]
Commercial Property in San Francisco Fillmore Jazz Preservation District
Our loan paid off a first mortgage of $1,000,000 and replenished money the borrower spent on extensively renovating the property, including seismically reinforcing the building. The payment on our loan is only 60% of the rents generated by the building, so the positive cash-flow is solid. Although a difficult loan type in today’s market, Sequoia […]
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 […]