At BLC, we know commercial real estate lending inside and out, and as a private discretionary direct lender, there is no middleman, you are dealing directly with the source. Our no-nonsense approach to lending allows us to approve and close loans to credit worthy applicants that would otherwise be denied by banks due to overly restrictive lending practices, borrower industry, geography or property type. BLC specializes in Owner-Occupied Properties, Special-Purpose Properties and Transitional Properties. We also pride ourselves in our commitment to making loans that set borrowers up for success. For example when we look at a bridge loan request, we look at how the borrower will be able refinance or pay-off the loan at the end of the term, and often, we provide an offer based on certain milestones that need to be reached for a successful refinance of our loan. We also pride ourselves in our industry leading approach to lending with no application or due diligence fees, and in fact, we don’t even ask for a commitment fee.
Fred Mills has 29 years of experience dedicated to commercial lending in both bank and non-bank lending capacities. During his lending career Fred’s roles have ranged from Construction Management to Chief Lending Officer to President and Chief Executive Officer with banks and non-bank lenders. During his extensive banking career, he not only managed credit risk, but also helped move his bank from high to low delinquency and significantly reduced troubled asset ratios, while creating record profits. The range of business and credit skills garnered from these experiences helped Fred develop two successful non-bank lending companies.
Under Fred’s guidance, REM Capital Group, Inc. originated over $200 Million in commercial real estate loans and SBA 504 transactions on a nationwide basis with an overall delinquency rate less than 2%. REM Capital Group also originated SBA 504 Interim Loans. Fred furthered that success by starting the Originator (Business Loan Capital, Inc.) With the Originator, he navigated and successfully participated in the SBA 504 First Mortgage Lien Pool Program. These programs along with the Originator’s network of other participants helped the Originator produce total loan volume of$80 Million during 2012 alone.
With the ever-changing landscape of commercial lending, Fred continues to keep the Originator on a forward thinking path with the development of new programs. Through new and innovative programs, the Originator has funded over $600 Million in Conventional and Bridge Loans as well as SBA 504 First and SBA 504 Interim Loans since its inception establishing the Originator as one of the nation’s largest non-bank lenders. Fred attended San Diego State University.
David has a unique background that blends significant experience in the areas of credit as well as business development. His experience ranges from being a senior underwriter for a high volume SBA 504 & 7a lender to acting as the managing partner for a consulting company that worked as an outsourced loan department for small community banks. David has acted in the capacity of Executive Vice President and Director of Commercial Lending for the Originator since 2012, overseeing every facet of the lending process in the production of over $200 Million in Conventional and Bridge Loans as well as SBA 504 First and SBA 504 Interim Loans.
David has successfully originated, analyzed, and underwritten a spectrum of commercial transactions including multi-purpose, hospitality, restaurant, start-up, construction, business acquisition, and equipment financing. The combination of extensive credit knowledge and business development skills allows David to understand the needs of our clients, guiding our business development efforts with a keen eye towards the quality of credits generated. David also has experience in an asset based lending environment, which adds to his scope of lending knowledge. David is a graduate of the University of California San Diego, with a degree in Economics and Management Science.
Fredric will act as the asset manager and servicer for the Fund and is also in charge of investor relations. Fredric is a co-founder of BLC Financial Services. In this role, Fredric is responsible for the closing and servicing of the Originator’s and Fund’s loan portfolio. He is also the Chief Financial Officer of the Originator in charge of all financial responsibilities.
Fredric holds a B.A. in Economics from the University of California, Santa Barbara.
Mr. Blackhall represents the legal affairs of the Fund, the Fund Manager, and the Originator in all facets of the companies’ various business endeavors, including product development and structure, due diligence, loan documentation, risk management, and loss mitigation.
In his law practice, Mr. Blackhall focuses on the representation of U.S. and international companies, focusing on structured finance, capital raising, and general corporate compliance, as well as U.S. and international tax planning, bankruptcy, and related matters. Justin also serves as counsel to U.S. and international financial institutions in asset-based lending, structured finance, and workout transactions with a special focus on representing lenders in the SBA 504 Loan Program.
Justin has closed over $500 million in SBA 504 Loan Program transactions and over $1.5 billion in other structured finance transactions. Justin earned his J.D. from the Benjamin N. Cardozo School of Law and his B.A. from Syracuse University. He is admitted to practice before the State and Federal Courts in New York, New Jersey, and Florida.
Carrie has been in the lending profession for over 25 years, working for both national and community banks.
Joseph Mills is highly experienced with commercial loan document preparation and ongoing servicing of loans.
Bradley Mills is a credit analyst at BLC Lending, working with borrowers and brokers to determine the degree of risk for loans. Bradley has a background in data analysis, excel, programming, and statistical reasoning.
Prior to BLC Lending, Bradley was a benefits analyst at USI, a leading insurance brokerage firm. During his time there he created financial and marketing deliverables to help clients determine what insurance carrier best fit their needs.
Bradley holds a Bachelor of Arts in Mathematics from the University of Washington, and currently resides in Seattle.