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Sequoia Mortgage Capital

Bridge Loan
Commercial Property - LG350

Sequoia Mortgage Capital

Summary of all Guidelines

Loan Types 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

Key Benefits
•Flexible underwriting
•Competitive pricing starting at 8.99% and 2 points
•We close quickly without surprises
•Non-FICO driven

Program Details
•Loans Amounts: up to $3,000,000+
•Loans 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
•Loans 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

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