I am pleased to announce that BLC has recently funded a $16,200,000 Bridge loan for the purchase of a Hilton-branded hotel in Texas. The borrower was up against a hard deadline to complete the acquisition or risk losing the opportunity. BLC was able to step in and fund the loan on a short timeline. The Bridge loan allows the borrower the time to secure construction financing and complete a franchise conversion. This is another example of The BLC Companies knowledge and experience providing a timely, workable, and beneficial financing solution for the borrower.
BLC has just funded an $11,241,000 bridge loan for the refinance of an office building in North Carolina.
BLC has just funded an $11,241,000 bridge loan for the refinance of an office building
