We are pleased to announce that BLC has just funded a $3,547,000 bridge loan to refinance/consolidate debt and provide some cash out on four adjacent medical office buildings in Georgia. The borrower on this property was looking to consolidate two mortgages, access some cash out proceeds to be used for TI’s on two of the units, and payoff some miscellaneous business debt used for other TI’s and property improvements. This is another example of how The BLC Companies’ knowledge and the experience provided a smooth, efficient, and beneficial financing package to help a deserving borrower.
At the BLC Companies, we are a true bank-alternative direct lender, which means that we are the source, and we make all the decisions and perform all underwriting in-house. As our referral partner, that means you can approach clients and contacts with complete confidence that you are connected with a true direct lender who can deliver and close loans quickly.
We are actively seeking to fund short-term 12 to 36-month interest-only bridge loans from $1,000,000 to $20,000,000 as well as amortized conventional loans from $1,000,000 to $20,000,000, and SBA CDC/504 loans from $1,000,000 to $10,000,000, all secured by investment or borrower/owner-operated commercial real estate properties (property must be owner-operated for 504 loans), with no upfront commitment fees, legal deposits, or other non-sense fees, borrowers only pay for required 3rd party reports
Contact Us today if you have any questions!