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Sequoia Mortgage Capital

Bridge Loan
Residential (1-4 Family) - LG349

Sequoia Mortgage Capital

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

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

These descriptions are limited information and meant for general reference purposes.