Bridge Loan
Residential (1-4 Family) - LG349
Residential (1-4 Family) - LG349
Summary of all Guidelines | |
| Loan Types | 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 |
| Program Code | LG349 |
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
•Loans Amounts: up to $3,000,000+
•Loans to Value: up to 65%
•Interest Rates: starting at 7.99%
•No Prepayment Penalty required
•Loans 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
