Sequoia Mortgage Capital
- Jason Freskos
President and CEO
Bridge Loan | |
| Property Types | Industrial, Land Entitled, Mixed use, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage |
| Lendding Area | california |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $22,000,000 |
| Interest Rate Minimum | 9% |
| Points Minimum 1st TD | 2 |
| Terms | 1 year, 2 year, 3 year, 4 year, 5 year, 7 year, 10 year |
| Typical Days Required to Fund | 5 Business days or less |
| Entities | Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Individual, Trust, Foreign Nationals |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st, 2nd |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant |
| General Pricing or Guideline info | Key Benefits •Flexible underwriting •Competitive pricing starting at 8.99% and 2 points •We close quickly without surprises •Non-FICO driven Program Details •Loan Amounts: up to $3,000,000+ •Loan to Value: up to 50% is typical •Debt Service Coverage Ratio: Less than 1.0 allowed •Interest Rates: starting at 8.99% •No Prepayment Penalty options available •Loan Terms: up to 10 years •Lien Position: First and select junior liens •Fees: start at 2 points All Types of Borrowers •Individuals, LLC’s, Partnerships, Corporations, Trusts, Foreign Nationals, etc. •Combine multiple borrowers or multiple entities in a single transaction All Types of Properties Considered •Multi-Family, Office, Retail, Industrial, Mixed-Use, Mini-storage, etc. •Cross-collateralize multiple properties to maximize loan amounts •Land and Single-Use properties considered with additional collateral For Any Purpose •Borrowing against properties listed for sale •No limits on Cash Out •Perfect for transitional “Bridge” financing •Immediate acquisition of discounted properties •Restructure debt, settlements, divorce or to buy out partners Portfolio Lender •Sequoia does not rely on credit lines from the secondary market •Creative approaches to each loan request •No seasoning requirements and no cash-out limitations |
| Updated as of | 2023-11-20 |
Bridge Loan | |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $3,000,000 |
| Interest Rate Minimum | 8% |
| Points Minimum 1st TD | 2 |
| Terms | 1 year, 2 year, 3 year, 4 year, 5 year, 7 year, 10 year |
| Entities | Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Individual, Trust, Foreign Nationals |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st, 2nd |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant |
| General Pricing or Guideline info | Key Benefits •Flexible underwriting •Competitive pricing starting at 7.99% and 2 points •We close quickly and efficiently •Non-FICO driven approval process Program Details •Loan Amounts: up to $3,000,000+ •Loan to Value: up to 65% •Interest Rates: starting at 7.99% •No Prepayment Penalty required •Loan Terms: up to 10 years •Lien Position: First and select junior liens •Fees: starting at 2 points All Types of Residential Properties Considered •SFR 1-4 (No consumer loans. Business purpose, entity borrower and N/O/O only), Multi-Family, Investment Properties, Mixed Use, Second Homes, etc. •Cross-collateralize multiple properties to maximize loan amounts •Subordinate liens and seller-carry are okay For Any Purpose •Borrowing against properties listed for sale is no problem •No limits on Cash Out •Perfect for transitional “Bridge” financing •Acquisition of discounted properties •Restructure debt, settlements, divorce or to buy out partners All Types of Borrowers •Individuals, LLC’s, Partnerships, Corporations, Trusts, Foreign Nationals, etc. •Combine multiple borrowers or multiple entities in a single transaction Portfolio Lender •Sequoia does not rely on credit lines from the secondary market •Creative approaches to each loan request •No seasoning requirements and no cash-out limitations |
| Updated as of | 2023-11-20 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Hard Money Loan |
| Property Types | 2-4 Units, Automotive, Cannabis Related, Industrial, Mixed use, Multi Family, Office, Place of Worship, Retail, Self-Storage, Special-Use |
| Lendding Area | california |
| Loan amount Minimum | $25,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 8% |
| Points Minimum 1st TD | 2 |
| Terms | 6 months, 6 years, 10 years |
| Prepayment Penalty | 3 months |
| LTV Bridge | 65 |
| LTC Construction | 50 |
| LTV Long Term Rental | 70 |
| Intended Occupancy | Vacant, Tenant |
Sequoia Mortgage Capital is a certified Bay Area Green Business focused on funding loans that other lenders turn down. We operate from our headquarters building in downtown San Anselmo and specialize in short-term loans secured by California real estate. Real estate lending is our only business and we are committed to exceeding your expectations.
California Department of Real Estate – Real Estate Broker Number 01391106.
MISSION STATEMENT:
Sequoia Mortgage Capital was created to serve the financing needs of real estate owners and investors. We match the needs of our borrowers with the capital of the investors who trust us to make prudent investment decisions on their behalf.
We seek to improve our community by operating our company in a way that adheres to the highest standards of environmental sustainability. We also contribute to our community by helping those in need and thereby creating employment opportunities for our dedicated team.
We positively impact the lives of our borrower clients by improving their economic circumstances in times of need, often when others have denied them help. In helping our borrowers, we simultaneously provide our investors with conservative opportunities to earn a fair yield and have the satisfaction of contributing towards the betterment of others. For assisting those we serve, we expect to earn fair and reasonable compensation.
We adhere to the values of integrity and truth and believe that helping our clients achieve their goals of growth and fulfillment contributes to the higher good of our community.
Sequoia Mortgage Capital is located in San Anselmo, California. They offer financing for Bridge Loans and Hard Money Loans. The property type they primarily lend against is Multi Family, Automotive, Industrial, Mixed use, Office, Retail, Self-Storage, Special-Use, Cannabis Related, 2-4 Units and Place of Worship. Their minimum loan amount is $25,000. Their maximum loan amount is $2,000,000. They offer loans for a minimum Term of 3 months. Maximum duration of 6 months;6 years;10 years. Although rates can change they are typically lending at a minimum rate of 8%. Points charged are deal specific, but historically have charged a minimum of 2.
These descriptions are limited information and meant for general reference purposes.