BLC has just funded an $8,400,000 bridge loan for the purchase of an assisted living and memory care facility in Ohio. The borrower on this property had a tight timeline to close the loan, and the BLC team was up for the challenge! We provided financing in a timeframe that satisfied both the buyer and seller, all while meeting a pre-holiday close. Just another example of how BLC’s knowledge and experience were able to assist a transaction for a well-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
If you would like to discuss this further, or you have a transaction to talk about, please feel free to give me a call at my number below or reply back with a time you would like me to call you.
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