BLC has funded a $6,715,000 bridge loan for the refinance of maturing debt on a hotel in Southern California. The borrowers wanted to avoid longer term fixed rate financing, with prepayment penalties that may not benefit them in the future. They preferred BLC Companies shorter term bridge loan financing, which allows them the flexibility should rates come back down.
SBA 504 Refinance Explained: Using the Program for Debt You Already Have
Most business owners have heard of the SBA 504 loan the way most people have
