Bridge Loan
Commercial Property - LG350
Commercial Property - LG350
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 |
| Program Code | LG350 |
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
