Sequoia Mortgage Capital

About Sequoia Mortgage Capital

Sequoia Mortgage Capital is a private money lender in San Anselmo, CA offering funding across these areas: San Francisco County, Marin County, San Mateo County, Solano County, Contra Costa County, Alameda County, Santa Clara County, Sonoma County, and Napa County. They provide short term bridge loans, short term fix and flip loans, and commercial loans. Their lending guidelines are flexible, including rates starting at 7.99% , terms up to 120 months, and loans with a maximum LTV of 65%. They lend funds to any borrower based on the value of the property and do not require a minimum credit score. They will make loans on all of the following property types: single family residences, multi-family, apartment buildings, office units, retail units, industrial buildings, and storage buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial, Storage

Areas Served: San Francisco County, Marin County, San Mateo County, Solano County, Contra Costa County, Alameda County, Santa Clara County, Sonoma County, Napa County

Licenses: License #01391106

Lending Guidelines for Sequoia Mortgage Capital

Below are the general loan guidelines published on the Sequoia Mortgage Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Sequoia Mortgage Capital.

Loan Example 1

Tom is an investor in San Jose, CA. He locates a run-down property and decides to renovate it and sell it for a profit. The house costs $360,000 but he does not have the full amount so he obtains a fix-and-flip loan with Sequoia Mortgage Capital. The terms of the deal include a 75% loan to value (LTV), so he must bring 25% of the price as cash at closing, making the principle loan amount $270,000. The interest rate on the loan is 8% for a term of 6 months and the lender requires a two point origination fee at the closing. The interest payments are to be paid monthly and the principle will be returned after the sale of the property.

Accordingly, Tom will be required to contribute a $90,000 down payment plus pay a $5,400 origination fee. he will then pay $1,800 per month to the lender. If Tom sells the project for $486,000 after 6 months, he would realize a gross profit of $109,800 after subtracting the principle amount of $270,000, the money contributed at closing of $90,000, the origination fee of $5,400, and the total interest payments of $10,800. This profit does not account for building costs.

Loan Example 2

Kimberley locates a duplex in San Jose, CA to rehab and sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Sequoia Mortgage Capital with the following parameters:

$260,000 purchase price
75% loan-to-value (LTV)
6 month term
13% rate of interest
4% origination fee

Based on a $338,000 sales price after the 6 month term, the final numbers for the deal would look like this:

$338,000 sales price
- $195,000 principle on note (75% LTV)
- $65,000 down payment (25% on 75% LTV)
- $7,800 origination points (4% of the $195,000 principle amount)
- $12,675 interest payments (6 months x 13% interest)
-----------------------
= $57,525 gross profit (does not include taxes or rehab costs)

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